Reserving Actuary

CHINA REINSURANCE (GROUP) CORPORATION Singapore Branch; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A major reinsurance firm in Singapore is seeking a Reserving Actuary to support technical reserve estimates and enhance reserving models. Candidates should have 3–6 years of actuarial experience, familiarity with IFRS assessments, and strong analytical skills. The role provides opportunities for professional growth within a diverse and dynamic environment.

Benefits

Competitive salary

Opportunities for professional growth

Inclusive team environment

Qualifications

• 3–6 years of actuarial experience, preferably in general insurance or reinsurance.
• Familiarity with reserving techniques and regulatory requirements.
• Experience with IFRS 4 / IFRS 17 assessments.
• Experience in a multinational (re)insurance environment is an advantage.

Responsibilities

• Support the reserving function to produce accurate technical reserve estimates.
• Enhance and maintain reserving models and methodologies.
• Perform regular reserve reviews and prepare reports.
• Collaborate with teams to validate data and improve assumptions.
• Prepare working papers for internal stakeholders and auditors.

Skills

Analytical skills

Problem-solving skills

Communication skills

Team collaboration

Actuarial software proficiency

Tools

Excel

Actuarial software

Job description

China Re Group is the largest reinsurance group in Asia and the 8th globally by gross premium income. The Group is rated “A (excellent)” continuously by A.M. Best since 2010, rated “A+” or “A” continuously by Standard & Poor’s since 2014.

In 2016, we set up China Re Singapore Branch with the approval of a license from the Monetary Authority of Singapore. Our office is located within Raffles Place, at CapitaGreen on Market Street.

Currently, we are writing both life and general business in the Asia Pacific region.

We are now seeking to fill the following position in our Singapore team.

Reserving Actuary

Responsibilities

• Support the reserving function in producing accurate and timely technical reserve estimates across multiple lines of business.
• Assist in the enhancement and maintenance of reserving models and methodologies, ensuring compliance with internal standards and regulatory requirements.
• Perform regular reserve reviews and analyses to assess adequacy and trends, and prepare reports for management review.
• Collaborate with underwriting, claims, and finance teams to validate data and improve reserving assumptions.
• Prepare working papers, summaries, and presentations for internal stakeholders, auditors, and regulators.
• Contribute to the implementation of IFRS 17 and other actuarial valuation frameworks.
• Support process improvement and automation initiatives within the actuarial team.
• Work closely with head of actuary to support capital modelling, risk management, and solvency assessments.

Requirements

• 3–6 years of actuarial experience, preferably in general insurance or reinsurance reserving.
• Familiarity with reserving techniques, actuarial valuation standards, and relevant regulations in Singapore or the Asia region.
• Experience with IFRS 4 / IFRS 17 assessments preferred.
• Proficiency in actuarial software and Excel.
• Strong analytical, problem-solving, and communication skills.
• Ability to work collaboratively in a cross-functional environment.
• Experience in a multinational (re)insurance environment will be an advantage.

What We Offer

• Competitive salary and entry level based on experience.
• Opportunities for professional growth in a global, dynamic environment.
• Be part of a diverse and inclusive team, working with industry experts across multiple regions.

Interested parties, please apply with your detailed resume.

We regret that only shortlisted candidates will be notified.