Associate Director - Life & Health Analytics, Asia

AON REINSURANCE SOLUTIONS ASIA PTE. LTD.; Shenton Way; On-site; SGD 90,000 - 120,000; Full time

Job summary

A leading reinsurance firm is seeking an experienced Actuary in Singapore to conduct actuarial analyses, particularly for Indonesian clients. The successful candidate will be responsible for applying various actuarial pricing techniques, conducting experience studies, and enhancing methodologies. Candidates must possess at least 9 years of relevant experience in Life & Health reinsurance and hold a degree in a relevant field. Strong analytical and presentation skills are essential for success in this role.

Qualifications

• Minimum 9 years of experience in Life & Health reinsurance or insurance in Southeast Asia.
• Experience in analytical roles or direct re/insurance pricing required.
• Strong software skills are essential.

Responsibilities

• Conduct actuarial analyses for Indonesian clients.
• Participate in product development activities.
• Perform actuarial risk assessment and valuation.

Skills

Actuarial pricing techniques

Data analysis

Modeling reinsurance structures

Presentation skills

Education

Fellow in Actuarial Studies or related fields

University graduate in mathematics, finance, or statistics

Tools

Actuarial software

Job description

What the day will look like

Conduct actuarial analyses for Indonesian clients, in support of the client managers. This may include:

• Apply various actuarial pricing techniques such as experience and exposure rating, to assess the cost and benefits of reinsurance arrangements and articulate the numeric observations internally and externally
• Conduct analysis and experience studies to develop or peer review best estimates
• Participate in product development activities from technical standpoint
• Perform actuarial risk assessment and valuation of clients’ portfolios (VIF, NB projections) for the purpose of structuring, optimizing and pricing reinsurance
• Explore and model various reinsurance structures to manage risk, quantify their relative costs and benefits, and assess their commercial feasibility
• Present and explain results, conclusions and recommendations of the analyses to the relevant stakeholders (colleagues, clients, reinsurers)
• Organize data and actuarial information for future use and to support refining Aon’s view of experience
• Enhance existing tools and methodologies, research and develop new models and products

Skills and experience that will lead to success

• University graduate, preferably Fellow in Actuarial Studies, or related fields such as mathematics, finance or statistical studies.
• At least 9 years’ experience in Life & Health reinsurance or insurance in Southeast Asia working in analytical roles, direct re/insurance pricing, product development or capital management
• Strong software skills
• Resourcefulness which would be expressed through an ability to develop view of actuarial experience based on available data
• Ability to perform experience analysis and technical evaluation of a life reinsurance transaction, consider it from multiple angle and present it to different audiences (cedant, reinsurer, Aon colleagues)
• Self‑motivated, holds oneself accountable and takes ownership for problem resolution
• A team player – able to adapt in a dynamic team environment.