Actuarial Analyst: Pricing, Reserves & Analytics

UNITED OVERSEAS INSURANCE LIMITED; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

UNITED OVERSEAS INSURANCE LIMITED is seeking an Actuarial Analyst in Singapore to contribute to reserves, budgeting, capital modelling, and pricing strategies within the Underwriting & Operations Division.

You will collaborate with underwriting, reinsurance, product, claims, and finance teams to enhance underwriting capabilities, expand portfolios, and deliver high-quality data analytics for informed decision making.

Qualifications

• 2–3 years’ experience in reserving, regulatory and financial reporting (e.g. MAS reporting & IFRS 17).
• Experience in budgeting and forecasting, capital modelling and management, pricing, and portfolio management for general insurance.
• Proficiency in Microsoft Office, Power BI, and SAS or similar statistical software.
• Programming languages such as SQL, VBA and Python are advantageous.

Responsibilities

• Perform actuarial valuations to ensure reserves are adequate and comply with regulatory requirements.
• Develop, maintain, and enhance models to support KPIs like business forecast, budgeting, and profitability tracking.
• Understand underwriting strategy, portfolio structure, product offerings, reinsurance management, and data architecture.
• Perform product pricing activities and maintain pricing tools and premium calculators.
• Collaborate with underwriting, reinsurance, product, claims, and finance to improve portfolio profitability.
• Collaborate with IT on data extraction and develop Power BI dashboards for the team.
• Analyze claims data to identify trends and reserve risks.
• Perform scenario analyses, stress testing, and sensitivity analyses for capital and risk management.
• Identify optimal reinsurance and retention strategies to balance risk and reward.
• Support technical accounting and commutation calculations.
• Support data analytics work and ensure data quality and granularity.
• Undertake any other duties as assigned.

Skills

Analytical mindset

Team collaboration

Communication skills

Education

Bachelor’s degree in Actuarial, Mathematics, Statistics, or related field

Tools

SAS

Power BI

SQL

Python

VBA

Job description

UNITED OVERSEAS INSURANCE LIMITED is seeking an Actuarial Analyst in Singapore to contribute to reserves, budgeting, capital modelling, and pricing strategies within the Underwriting & Operations Division.

You will collaborate with underwriting, reinsurance, product, claims, and finance teams to enhance underwriting capabilities, expand portfolios, and deliver high-quality data analytics for informed decision making.