Reinsurance

Prudential Assurance Company Singapore; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

Prudential Assurance Company Singapore is looking for an experienced actuary to manage reinsurance initiatives and provide support on key financial projects. You will lead the implementation of reinsurance processes and liaise with reinsurers to maximize benefits. The ideal candidate has at least 7 years of actuarial experience and a degree in Actuarial science.

This position emphasizes autonomy, technical skills, and strong leadership in a collaborative environment.

Qualifications

• At least 7 years of actuarial experience.
• Qualified/Nearly qualified actuary from a recognized professional actuarial body.

Responsibilities

• Management and implementation of reinsurance initiatives.
• Support to other special projects with reinsurers.
• Ensure timely signing and execution of reinsurance treaties.
• Manage reinsurance administrative processes.
• Liaise and negotiate with reinsurers.
• Oversee financial reinsurance projects and new product pricing.
• Design controls and SOP around reinsurance systems.
• Provide proper documentation for reinsurance work.
• Responsible for reinsurance reporting to MAS and senior management.
• Develop plans, controls, and policies in reinsurance.

Skills

Good technical skills

Analytical skills

Problem solving skills

Good communication skills

Leadership traits

Detail oriented

Self-motivated

Education

Degree in Actuarial

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.

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.

Equal Opportunity Statement

Prudential is an 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.