Data Actuarial Manager

PACIFIC LIFE RE SERVICES SINGAPORE PTE. LIMITED; Singapore; On-site; SGD 90,000 - 120,000; Full time

Job summary

A global insurance company in Singapore is seeking an experienced analytics professional to lead actuarial projects within the APAC region. The role demands a minimum of 7 years in life insurance, incorporating advanced analytics and actuarial techniques. Responsibilities include collaborating with various teams to develop innovative insurance solutions, integrating data analytics into product development, and mentoring junior team members. Strong knowledge of statistical modeling, data visualisation tools, and effective communication skills are essential.

Qualifications

• Strong mathematical background related to developing statistical models.
• Minimum 7 years' experience in life insurance focusing on actuarial/analytics roles.
• Previous experience conducting analytics projects in insurance.

Responsibilities

• Lead analytics and actuarial projects for clients, collaborating with teams and stakeholders.
• Support integration of insights into broader R&D projects.
• Identify and integrate new data sources for improving risk and product propositions.

Skills

Statistical and analytic models

Data visualisations

Python/R

SQL

Tableau

Communication and presentation skills

Project management

Mentoring

Education

Bachelor's degree in statistics, mathematics, or Actuarial Science

Progress towards actuarial fellowship (e.g., IFoA, SOA)

Tools

AWS

Job description

The Role

Being part of global Strategic Analytics team, the role will help to undertake the collection, validation, and analysis of Pacific Life Re’s unique insurance data sources across offices globally. The role will be responsible for delivering projects for APAC region and the global markets Pacific Life Re operate in, developing innovative insurance solutions utilising advanced analytics and actuarial techniques.

The role will work closely with a variety of teams within Pacific Life Re and our subsidiary insurtech company UnderwriteMe, including R&D, Pricing, Underwriting, and Sales & Marketing. Given the nature of the role, engagement with third parties (e.g. academic institutions, clients, industry groups) will also be necessary to build partnerships and explore new sources of data and opportunities to innovate.

Duties

• Work on and lead analytics and actuarial projects for Pacific Life Re and UnderwriteMe clients - collaborating with clients and internal stakeholders on projects or research with innovative data utilisation and predictive modelling aspects,

• Support the integration of actuarial and data science techniques and insights derived from projects into broader R&D, including projects that link to developing cutting edge Terms of Trade and capital risk assumptions,
• Support product development efforts related to the above,
• Work with third parties and clients to identify and integrate new data sources which could improve risk and product propositions,
• Actively participate in research‑related initiatives, sharing expertise at industry and PLRe events, and to lead analytics projects in conjunction with direct insurance companies and other partners,
• Help to upskill other APAC teams by conducting training and knowledge sharing related to predictive analytics, actuarial and data science

Qualifications & Experience

–Bachelor degrees in statistics, mathematics,Actuarial Science, or related disciplines

–Progress towards actuarial fellowship (e.g.,IFoA, SOA, or equivalent) is highly desirable

–Strong mathematical background and expericerelevant to developing statistical and analytic models, including theassociated data preparations and data visualisations

–Strong knowledge and experience in associatedrelevant tools (Python/R, SQL, Tableau, etc)

–Minimum 7 years’ experience working in lifeinsurance with a focus on actuarial/analytics role such as R&D, pricing, or experience analysis.

–Previous experience conducting analyticsprojects within the broader insurance and reinsurance market

–Working knowledge of the life insurance productsand markets Pacific Life Re operates in - including product terms, pricing approaches, underwriting, and distribution

–Experience with AWS or other cloud-basedinfrastructure & tools

–Sufficient data engineering and computerscience knowledge to manage data projects end-to-end and help provide steer for related data management and IT infrastructure

–Ability to work independently and incollaboration with a wide variety of stakeholders with differing technical backgrounds

–Strong communication and presentation skills,particularly in explaining complex issues in clear terms,

–Good organisational and project management skills,and the ability to manage multiple projects and various stakeholderssimultaneously

–Strong mentoring skills to develop and trainjunior members of the team

–Enthusiastic, with a keen drive and focus