Senior Actuarial Analyst

The Great Eastern Life Assurance Company Limited; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading company in the insurance sector is seeking a motivated Senior Analyst for the General Insurance actuarial team. This role involves collaborating with stakeholders, driving business profitability analysis, and enhancing statistical capabilities using tools such as SAS. Candidates should hold a degree in Actuarial studies and have a strong foundation in statistical analysis, programming, and relevant experience.

Qualifications

• 2 to 3 years of relevant working experience.
• Progress in Actuarial examinations.
• Good knowledge of statistical packages.

Responsibilities

• Collaborates with stakeholders to price and develop GI products.
• Performs business projections for planning and stress testing.
• Provides technical support on general insurance matters.

Skills

Statistical analysis

Problem solving

Communication

Programming interest

Education

Degree in Actuarial or relevant fields

Tools

SAS

MS Excel

SQL

VBA

Job description

We are seeking a highly motivated Senior Analyst to become part of the General Insurance (GI) actuarial team. You will be part of a dynamic team of actuaries and provide support to GI business.

· Collaborates with internal/external stakeholders to price and develop GI products.

· Provides pricing guidance and review support across entities.

· Assists the Company in driving the GI business through experience and profitability analysis on various business lines.

· Performs business projections for business planning, stress scenario construction and stress testing under both RBC and IFRS 17 basis.

· Supports valuation and reinsurance (RI) related assessment.

· Develops and enhances in-house statistical capability using SAS software, which includes:

a) Periodic data preparation for valuation and pricing

b) Assist in the financial management of the general business

c) Support business units by generating required reports

· Provides technical support on other general insurance related matters, such as marketing, underwriting and claims management.

· Degree in Actuarial or relevant fields, and good progress in Actuarial examinations

· Excellent in statistical analysis, problem solving and communication skills

· Proficient in MS Excel and good knowledge of statistical packages and strong interest in programming (e.g SAS, SQL, VBA)

· Familiar with general insurance, RBC2, reinsurance structures, IFRS17, AS400 system data structure

· 2 to 3 years of relevant working experience

· Demonstrates alignment with the organisation’s core values through expected behaviours.