Associate, Reinsurance

Singlife; Singapore; Sur place; SGD 120 000 - 180 000; Plein temps

Résumé du poste

Singlife seeks a qualified actuary-related professional to join our Reinsurance team. You will prepare bordereaux, assist with reporting to the Reinsurance Committee, and manage treaties in Renova, supporting pricing and subsidiary actuarial processes.

Ideal candidates have a quantitative degree and experience in reinsurance reporting, with strong data analysis and cross-team collaboration skills to ensure accurate, timely insights for decision-making.

Qualifications

• Bachelor's degree or higher in a quantitative field as listed in education.
• Solid understanding of reinsurance concepts and treaty structures.
• Experience in actuarial reporting and data analysis for insurance products.

Responsabilités

• Prepare regular reinsurance bordereaux.
• Assist in process improvement to ensure accuracy and timeliness of reports.
• Prepare internal reports to Reinsurance Committee.
• Prepare IGP Pool reporting including PYER and captive reports and ad-hoc requests.
• Set up new reinsurance arrangements in Renova and reflect them in reporting.
• Support pricing team with reinsurance-related data for product pricing.
• Support Subsidiary to enhance actuarial processes and methodologies.
• Perform Experience Study for Subsidiary.

Connaissances

Reinsurance bordereaux

Process improvement

Reporting to Reinsurance Committee

Renova reinsurance system

Data analysis

Cross-team collaboration

Formation

Degree in Actuarial Science, Mathematics, Statistics, Finance

Outils

Renova

Description du poste

Singlife is a leading homegrown financial services company,offering consumers a better way to financial freedom. Through innovative,technology-enabled solutions and a wide range of products and services,Singlife provides consumers control over their financial wellbeing at everystage of their lives.

In addition to a comprehensive suite of insurance plans,employee benefits, partnerships with financial adviser channels andbancassurance, Singlife offers investment and advisory solutions through itsGROW with Singlife platform. It also offers the Singlife Account, amobile-first insurance savings plan.

Singlife is the exclusive insurance provider for theMinistry of Defence, Ministry of Home Affairs and Public Officers GroupInsurance Scheme. Singlife is also an official signatory of the United NationsPrinciples for Sustainable Insurance and the United Nations-supportedPrinciples for Responsible Investment, affirming its commitment to finding abetter way to sustainability.

The merger of Aviva Singapore and Singlife was announced inSeptember 2020 and created one of the largest homegrown financial servicescompanies in Singapore in a deal valued at S$3.2 billion. It was the largestinsurance deal in Singapore at the time. Singlife was subsequently acquired bySumitomo Life in March 2024, one of Japan’s leading life insurers, which valuedSinglife at S$4.6 billion, making the transaction one of the largest insurancedeals in Southeast Asia.

Key Responsibilities

• Prepare regular reinsurance bordereaux.
• Involve in process improvement to ensureaccuracy and timeliness of reports.
• Prepare regular internal reports toReinsurance Committee.
• Prepare IGP Pool reporting whichincludes Prior Year-End Report (PYER) and captive reports as well as ad-hocdata requests on clients who are exploring a pool arrangement
• Work closely with other teams to setup new reinsurance arrangement in reinsurance system and incorporate them inactual reporting.
• Reinsurance Treaty Management
  • Analyzecurrent group and individual business experience and performance compared totarget
  • Understandand be familiar with all reinsurance treaties and addendums to be able to setup and execute current, new and renewal treaties in Renova or reinsuranceprograms
• Supportthe pricing team by providing reinsurance-related data and information that arerequired in pricing individual life and/or group insurance products
• SupportSubsidiary to enhance Actuarial process and methodologies
• Perform Experience Study for Subsidiary

Key Decisions withinthe Role

• Observe all the reinsurance parameters (statedin the various treaties) such as maximum retention, sum assured.
• Management and monitoring of reinsuranceportfolios in accordance with Reinsurance Management Strategy.

Requirements

Education

• Degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative discipline.