Reserving Actuary

-; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading reinsurer in Singapore is seeking a Reserving Actuary to support the reserving function by producing accurate technical reserve estimates. The ideal candidate should have 3-6 years of actuarial experience, preferably in general insurance or reinsurance reserving, and proficiency in actuarial software and Excel. Strong analytical and communication skills, along with the ability to work collaboratively in a diverse team, are essential. Competitive salary and growth opportunities in a dynamic environment are offered.

Benefits

Competitive salary

Opportunities for professional growth

Diverse and inclusive team

Qualifications

• 3-6 years of actuarial experience, preferably in general insurance or reinsurance reserving.
• Familiarity with reserving techniques and relevant regulations in Singapore.
• Experience with IFRS 4 / IFRS 17 assessments preferred.

Responsibilities

• Support accurate technical reserve estimates across business lines.
• Enhance and maintain reserving models and compliance.
• Collaborate with teams to validate data and improve assumptions.

Skills

Actuarial experience

Analytical skills

Problem-solving

Communication skills

Collaborative work

Bilingual communication

Tools

Actuarial software

Excel

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.
• Effectively bilingual in both written and verbal communications including communicating with Chinese speaking colleagues in the head office.
• 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.