Reinsurance

Prudential Services Asia; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Prudential Services Asia is seeking a seasoned actuary to assess, advise and plan for future risks using commercial, market and economic insights. The role focuses on reinsurance initiatives and strategic partnerships.

You will lead reinsurance governance, support committees, ensure timely signing of treaties, develop controls and report to MAS and regional offices. At least 7 years of actuarial experience and qualification are required.

Qualifications

• Good technical, analytical and problem solving skills, with the ability to work independently.
• Substantial managerial experience
• Good communication skills
• Details oriented
• Self‑motivated and outcome oriented
• Committed to excellence and always strive to deliver results with high standards
• Strong leadership traits to provide guidance and motivation to staff

Responsibilities

• Responsible for management and implementation of reinsurance initiatives.
• Providing support to other special projects where the partnership with reinsurers are involved.
• Providing secretariat support to the Reinsurance Sub-Committee, including the production of the key Reinsurance management information.
• Responsible for the timely signing and execution of reinsurance treaties backing all reinsurance arrangements.
• Responsible for reinsurance administrative process, not limited to design and automate reinsurance process.
• Liaises and negotiates with reinsurers to maximize PACS stakeholders benefits.
• Responsible for financial reinsurance projects and reinsurance for new product pricing.
• Design and enforcement on controls / SOP around reinsurance system setup and changes/enhancements.
• Ensure proper documentation and implement best practices for the entire reinsurance work.
• Responsible for reinsurance reporting to MAS, senior management and regional office.
• Develop department plans, controls, resources and formulate policies in area of responsibility.
• Look beyond existing solutions and own area to define/resolve complex issues in new situation.

Skills

Technical skills

Analytical thinking

Problem solving

Leadership

Communication

Detail oriented

Self-motivated

Education

Degree in Actuarial

Qualified/Nearly qualified actuary

Job description

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Job Profile Summary

This role is responsible for assessing, advising and planning for future risks, seen and unforeseen, using knowledge of commercial, market and economic principles.

Job Description

• Responsible for management and implementation of reinsurance initiatives.
• Providing support to other special projects where the partnership with reinsurers are involved.
• Providing secretariat support to the Reinsurance Sub-Committee, including the production of the key Reinsurance management information.
• Responsible for the timely signing and execution of reinsurance treaties backing all reinsurance arrangements.
• Responsible for reinsurance administrative process, not limited to design and automate reinsurance process.
• Liaises and negotiates with reinsurers to maximize PACS stakeholders benefits.
• Responsible for financial reinsurance projects and reinsurance for new product pricing.
• Design and enforcement on controls / SOP around reinsurance system setup and changes/enhancements.
• Ensure proper documentation and implement best practices for the entire reinsurance work.
• Responsible for reinsurance reporting to MAS, senior management and regional office.
• Develop department plans, controls, resources and formulate policies in area of responsibility.
• Look beyond existing solutions and own area to define/resolve complex issues in new situation.

Who we are looking for: Competencies & Personal Traits

• Good technical, analytical and problem solving skills, with the ability to work independently
• Substantial managerial experience
• Good communication skills
• Details oriented
• Self‑motivated and outcome oriented
• Committed to excellence and always strive to deliver results with high standards
• Strong leadership traits to provide guidance and motivation to staff

Working Experience

At least 7 years of actuarial experience.

Professional Qualifications

Qualified/Nearly qualified actuary from a recognized professional actuarial body

Education

Degree in Actuarial

Equal Opportunity Employer

We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part‑time / fixed‑term work, or any other status protected by applicable law.

We encourage the same standards from our recruitment and third‑party suppliers taking into account the context of grade, job and location.

We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

About Prudential

We are Prudential. For every life, we are partners. For every future, we are protectors. Prudential plc provides life and health insurance and asset management to 17 million customers across 20 markets in Asia and Africa. We are headquartered in Hong Kong and have dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange. We are focused on four strategic regions: Greater China, ASEAN, India and Africa. Our customers are served by around 55,000 agents and more than 200 bank partners. Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom. Find out more at www.prudentialplc.com Follow us on LinkedIn