Assistant Manager, Actuarial (General Insurance / Health)

Cigna Europe Insurance Company S.A.-N.V. Singapore Branch; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

Cigna Europe Insurance Company S.A.-N.V. Singapore Branch is seeking an experienced actuarial professional to support valuation, reserving and financial reporting across APAC operations, especially Australia and Singapore.

Essential qualifications include 5+ years of actuarial experience in Health, GI, Short-Term or P&C, with IFRS 17 knowledge and a focus on process improvements. This role requires strong analytical and stakeholder management skills.

Qualifications

• Bachelor's degree in Actuarial Science or related discipline.
• At least 5 years of relevant actuarial experience.
• Actuarial experience in Health, General Insurance, Short-Term Insurance or Property & Casualty is required.
• SOA/IFoA or equivalent qualification in progress.
• Strong analytical, numerical and problem-solving skills.
• Good communication and stakeholder management.

Responsibilities

• Actuarial Valuation & Reserving: support valuation and reserving activities for Australia and Singapore.
• Financial Reporting & Compliance: assist with IFRS 17 reporting and regulatory requirements.
• Data Analysis & Process Improvement: analyze actuarial, claims and financial data; support dashboards and automation initiatives.
• Coordinate with cross-functional teams on actuarial projects and business initiatives.
• Prepare monthly prior-year development (PYD) analyses and reports; support audits.

Skills

Analytical skills

Numerical skills

Problem solving

Communication skills

Education

Bachelor's degree in Actuarial Science

Tools

Alteryx

AWS

ResQ

SQL

Tableau

Job description

About the Role

We are looking for an experienced Actuarial professional to support valuation, reserving and financial reporting activities across our APAC operations, particularly Australia and Singapore.

The role focuses on insurance reserving, claims analysis, IFRS 17 reporting and actuarial process improvements.

We are seeking candidates with actuarial experience in at least one of the following insurance segments:

• Health Insurance
• General Insurance (GI)
• Short-Term Insurance
• Property & Casualty (P&C) Insurance

Relevant experience in these segments is essential. Candidates whose actuarial experience is exclusively in Life Insurance will not meet the requirements for this position.

Key Responsibilities

Actuarial Valuation & Reserving

• Support actuarial valuation and reserving activities for Australia and Singapore.
• Assist with US GAAP, local statutory and IFRS 17 reporting.
• Perform claims, reserve and loss ratio movement analysis.
• Support annual reserve reviews, expense studies and financial close activities.
• Prepare monthly prior-year development (PYD) analysis and reports.

Financial Reporting & Compliance

• Assist with IFRS 17 reporting and ongoing process improvements.
• Support regulatory reporting, including ALCO and ORSA-related activities.
• Coordinate actuarial information for internal and external audits.
• Ensure accurate documentation and compliance with reporting requirements.

Data Analysis & Process Improvement

• Prepare and analyse actuarial, claims and financial data.
• Support the maintenance of actuarial databases and reporting dashboards.
• Identify opportunities to automate and streamline reserving processes.
• Work with cross-functional teams on actuarial projects and business initiatives.

Requirements

Essential Qualifications & Experience

• Bachelor's degree in Actuarial Science or a related discipline.
• At least 5 years of relevant actuarial experience, preferably in valuation, reserving or financial reporting.
• Actuarial experience in Health, General Insurance, Short-Term Insurance or Property & Casualty is required.
• Good understanding of actuarial valuation, claims analysis and reserving processes.
• Associate-level actuarial qualification or actively pursuing professional qualifications with SOA, IFoA or an equivalent actuarial body.
• Strong analytical, numerical and problem-solving skills.
• Good communication and stakeholder management skills.

Added Advantages

• Experience with IFRS 17, US GAAP or statutory reporting.
• Knowledge of health claims processes or healthcare systems.
• Experience with Alteryx, AWS, ResQ, SQL or Tableau.
• Experience in process automation and actuarial reporting improvements.
• Advanced proficiency in Microsoft Excel and other reporting tools.