Specialist, Actuarial (Reinsurance)

AIA SINGAPORE PRIVATE LIMITED; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading reinsurance company in Singapore is seeking a candidate with at least 5 years of relevant experience in life reinsurance. The role involves preparing RI accounting postings and statements, supporting audit queries, and ensuring compliance with regulatory requirements. The ideal candidate should be detail-oriented, possess advanced Excel skills, and be willing to work in a fast-paced environment.

Qualifications

• Meticulous and detail-oriented.
• Willingness to work in a fast-paced environment.
• Basic accounting concepts.
• At least 5 years of relevant working experience in life reinsurance.

Responsibilities

• Prepare RI related accounting posting and reporting.
• Prepare RI statement of account for outward reinsurance.
• Attend to audit queries on reinsurance accounting.

Skills

Advanced MS Excel

Basic SQL

Tableau

Interpersonal skills

Communication skills

Analytical skills

Job description

Support on Reinsurance Management, Reinsurance Accounting and Reporting Functions.

Responsibilities

• Prepare Reinsurance (RI) related accounting posting and reporting as part of the monthly/quarterly process for outward reinsurance.
• Prepare RI statement of account (SOA) for outward reinsurance, liaise with reinsurers to clarify on queries and to process the settlement upon confirmation of the RI SOA.
• Prepare financial account balance reconciliations between the ledger and RI SOA for all outward reinsurance on a quarterly basis.
• Attend to audit queries on reinsurance accounting, processes and controls.
• Support on the set up and testing of new RI transaction in the administration system and accounting system.
• Support in reinsurance treaty arrangement (RI approval process, treaty review and documentation), treaty performance monitoring and review.
• Support on internal and regulatory reporting requirements related to RI.
• any other ad-hoc tasks as assigned to support the department function

Requirements

• Meticulous and detailed-oriented.
• Advanced MS Excel, basic SQL and Tableau skills
• willingness to work in a fast-paced environment
• good interpersonal and communication skills
• good analytical skill
• basic accounting concepts
• at least 5 years of relevant working experience in life reinsurance