Manager, Actuarial, Asia

QBE Insurance Group; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

Join a leading international insurer as an Actuarial Manager, responsible for performance management, economic capital modeling, and team leadership. You will develop complex models, ensure quality controls, and provide guidance to junior staff while collaborating with stakeholders. Enjoy a comprehensive benefits package and a supportive work environment focused on personal growth.

Benefits

Flex and hybrid working options

Work from home policy

Paternity leaves matching with maternity leave

Well-being programs

Pensions

Medical benefits

Access to online learning via LinkedIn Learning

3 additional days off (Family care leaves)

Study leave

Marriage leave

Qualifications

• Experience with actuarial analyses or predictive modeling.
• Property and casualty actuarial field experience.
• Reserving experience is a must.

Responsibilities

• Managing the complete valuation process and project scope.
• Developing new monitoring and ad-hoc reports.
• Providing technical advice to less experienced actuarial staff.

Skills

Actuarial Science

Analytical Thinking

Conflict Resolution

Critical Thinking

Decision Making

Performance Management

Problem Solving

Risk Management

Statistical Analysis Software

Education

Tertiary Degree

Job description

Primary Details

Time Type: Full time
Worker Type: Employee

You will be responsible for performance management, reporting, planning, economic capital modelling (ECM), and governance.

Your new role

1. Managing the complete valuation process, defining project scope, and managing performance against plans.
2. Developing new monitoring and ad-hoc reports as required.
3. Knowing and applying relevant standard actuarial reserving models and pricing techniques.
4. Developing complex models and modifying standard techniques for maximum benefit.
5. Maintaining quality controls throughout the valuation process.
6. Building and maintaining relationships with internal stakeholders.
7. Providing technical advice and guidance to less experienced actuarial staff and clients.
8. Managing Actuarial Analysts and facilitating team achievement of KPIs.
9. Ensuring all conclusions and recommendations are fully supported by analytical results.
10. Managing budgeted resources and accurately forecasting resource needs to achieve fiscal responsibility.
11. Performing economic capital modelling (ECM) using Igloo software to measure and analyze economic capital requirements, incorporating various risk factors such as insurance risk, credit risk, market risk, etc., for Hong Kong, Macau, Singapore, Malaysia, and Vietnam.
12. Performing model validation exercises and ensuring the validation process is robust and appropriate to ensure the ECM outputs are materially free from errors.
13. Performing reinsurance assessment, pricing, premium allocation, and supporting reinsurance purchases to optimize risk mitigation strategy.
14. Supporting the IFRS17 team in estimating the Risk Adjustments and conducting the Onerous Contract Assessments.

About you

• Tertiary Degree or equivalent combination of education and work experience.
• Relevant Actuary society certification, such as Fellow-Casualty Actuary Society (FCAS), Fellow of the Institute of Actuaries (FIA), or IFOA.
• Experience working within the actuarial function in a multinational financial services business.
• Property and casualty actuarial field experience.
• Experience with actuarial analyses or predictive modeling.
• Economic Capital modelling knowledge is preferred.
• Increasing levels of responsibility.
• Reserving experience is a must.
• Moderate relevant General Insurance experience.

Effective communication skills.

About QBE

What if you could have a positive impact – at work and in the world?

At QBE, we’re enabling a more resilient future – for our customers, communities, environment, and for our people. We’re building momentum to achieve something significant and know our people are at the centre of our success.

Our industry offers interesting and varied careers where you can help people to protect what matters most. As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented, and kind. And with more than 13,000 people working across 27 countries, our scale means we’re big enough for your ambitions, yet small enough for you to make a real impact.

QBE Asia’s operations is part of the QBE International Division, and has had a presence in Asia for more than 130 years with offices in Singapore, Hong Kong & Macau, Malaysia, and Vietnam. We continue to be recognized for our ongoing focus on digital innovation to deliver exceptional value and operational excellence for our customers, business partners, people, and the community. We support ESG efforts through the QBE Foundation, which helps to create strong, resilient, and inclusive communities, by focusing investment and efforts on two key areas where we believe we can have the greatest impact – climate resilience and inclusion.

Benefits

Excited to share our comprehensive benefits package at QBE!

• Flex and hybrid working options
• Work from home policy
• Paternity leaves matching with maternity leave
• Well-being programs
• Pensions
• Medical benefits
• Globally, access to online learning via LinkedIn Learning
• On top of annual leaves, 3 additional days off (Family care leaves)
• Study leave
• Marriage leave
• Internal Appreciation program with points to redeem nice merchandise and life experiences

Join us and enjoy a work environment that values your well-being and personal growth! #EmployeeBenefits #WorkLifeBalance #CareerDevelopment

Join us now, so you can be part of our success – and we can be part of yours.

Your career at QBE — Let’s make it happen.

Skills:

Actuarial Science, Analytical Thinking, Conflict Resolution, Critical Thinking, Decision Making, Financial Products, Intentional collaboration, Managing performance, Performance Management (PM), Problem Solving, Project Scoping, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS)

How to Apply:

To submit your application, click "Apply" and follow the step-by-step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

About Us

We are an international insurer and reinsurer offering a diverse portfolio of commercial, personal, and specialty products, as well as risk management solutions. Our product portfolio includes property, motor, crop, energy, marine, and aviation. We employ a team of around 13,000 people in 27 countries around the world.