Reinsurance

PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LIMITED; Singapore; On-site; SGD 120,000 - 160,000; Full time

Job summary

PRUDENTIAL ASSURANCE COMPANY SINGAPORE (PTE) LIMITED is seeking an experienced actuarial professional to assess, advise and plan for future risks using commercial, market and economic principles. You will lead and oversee reinsurance initiatives, coordinate with reinsurers and internal stakeholders, and drive governance across policies and controls.

The role requires strong managerial experience, deep actuarial expertise, and excellent communication skills to ensure compliant reporting to MAS

Qualifications

• At least 7 years of actuarial experience.
• Actuarial qualification and ongoing professional development.

Responsibilities

• Responsible for the management and implementation of reinsurance initiatives, providing support to special projects with reinsurer partnerships.
• Provide secretariat support to the Reinsurance Sub-Committee, including production of key reinsurance management information.
• Ensure timely signing and execution of reinsurance treaties backing all reinsurance arrangements.
• Oversee reinsurance administrative processes and design/ automate reinsurance workflows.
• Liaise and negotiate with reinsurers to maximize PACS stakeholders’ benefits.
• Oversee financial reinsurance projects and reinsurance for new product pricing.
• Design and enforce controls/SOP around reinsurance system setup and changes/enhancements.
• Ensure proper documentation and implement best practices for the entire reinsurance work.
• Report reinsurance activities to MAS, senior management, and regional office.
• Develop department plans, controls, resources and formulate policies in area of responsibility.
• Look beyond existing solutions and define/resolve complex issues in new situations.

Skills

Technical skills

Problem solving

Independent working

Communication skills

Detail oriented

Leadership

Managerial experience

Education

Degree in Actuarial

Job description

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

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