General Insurance Certified Actuary

Ecics Limited; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading insurance company in Singapore is seeking a skilled Actuary to lead actuarial valuations and ensure compliance with regulatory requirements. The ideal candidate will possess strong analytical skills, extensive experience in general insurance, and technical expertise in actuarial modelling software, contributing to the development of new products and effective pricing strategies.

Qualifications

• Minimum 5 years of actuarial experience in the general insurance industry.
• Strong knowledge of RBC 2, FCR, and MAS reporting requirements.
• Self-motivated and proactive.

Responsibilities

• Lead and perform actuarial valuations for pricing across general insurance.
• Ensure compliance with MAS regulations.
• Enhance and maintain actuarial models for forecasting and pricing.

Skills

Analytical skills

Problem-solving skills

Communication skills

Stakeholder engagement

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, or related discipline

Fellow of a recognized actuarial body (e.g., IFoA, SOA, CAS)

Tools

ResQ

Igloo

Emblem

Excel

R

Python

SQL

Job description

Key Responsibilities:

• Lead and perform actuarial valuations for reserving and pricing across various general insurance product lines, such as motor, property, liability, and personal accident.

• Ensure compliance with Monetary Authority of Singapore (MAS) regulations, including preparation and sign-off of:

  - Financial Condition Reports (FCR)

  - RBC 2 submissions

  - Appointed Actuary annual certification

• Collaborate with internal stakeholders (Underwriting, Finance, Claims, Product, and Reinsurance) to provide insights that inform business decisions and improve profitability.

• Enhance and maintain actuarial models for forecasting, pricing, and capital adequacy in line with company policy and regulatory expectations.

• Support portfolio monitoring by analysing loss ratios, claims trends, inflation, and emerging risks in the Singapore market.

• Lead actuarial input in the development of new products and tariff reviews, ensuring technical soundness and market competitiveness.

• Contribute to reinsurance strategy development by providing data-driven assessments of retention structures, treaties, and catastrophe exposure.

• Supervise and mentor junior actuarial staff, fostering a strong internal actuarial capability.

Requirements:

• Fellow of a recognised actuarial body (e.g., IFoA, SOA, CAS).

• Must be registered or eligible to be registered as a Certified Actuary with MAS under MAS Notice 133/134.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related discipline.

• Minimum 5 years of actuarial experience in the general insurance industry, preferably in a direct insurer operating in Singapore.

• Strong knowledge of RBC 2, FCR, and MAS reporting requirements.

• Solid technical expertise in reserving, pricing, experience monitoring, and reinsurance analysis.

• Proficiency in actuarial modelling software (e.g., ResQ, Igloo, Emblem) and data tools (Excel, R, Python, SQL).

• Strong analytical and problem-solving skills with keen attention to detail.

• Effective communication and stakeholder engagement skills, with the ability to present technical results to non-actuarial teams.

• Self-motivated, proactive, and capable of working both independently and collaboratively.