Valuation Actuary

SCOR Services Asia Pacific Pte ltd; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading actuarial services firm in Singapore seeks a skilled actuary to support the Head of L&H Actuarial in managing reserving activities across APAC. The role involves overseeing financial performance insights, managing IFRS17 and Solvency II projects, and collaborating with the local teams to ensure robust reporting. Ideal candidates are qualified actuaries with experience in life insurance and proficiency in actuarial software.

Qualifications

• Qualified or nearly qualified Actuary (FSA, FIA, or FIAA).
• Relevant experience in a life insurance/reinsurance business.
• Deep experience in IFRS17 or Solvency II is a strong advantage.

Responsibilities

• Provide insights on financial performance and management actions.
• Oversee the production of L&H reserves for Group results.
• Support external audits and coordinate with local auditors.

Skills

Qualified actuary (FSA, FIA, or FIAA)

Experience in life insurance/reinsurance

Experience in IFRS17, Solvency II

Proficient in Microsoft Office

Familiar with data analytics tools (R, SQL, Python)

Job description

Job Summary

In this exciting and fast-paced role you will be working across APAC (including China, North Asia, South Asia & ANZ) supporting the Head of L&H Actuarial, APAC in the management of all L&H group reserving activities with a key focus on IFRS17, Solvency II and any other projects. You will have a high degree of responsibility and autonomy whilst undertaking and leading key projects within the team.

You will also liaise with the auditors on various requirements for the APAC markets.

About the Department: APAC Actuarial

The APAC Actuarial reserving team is based in SCOR’s offices in Singapore, Sydney, Beijing and Seoul, and covers the Life & Health business. This includes business written in c.30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is led by the Chief Reserving Actuary for Asia Pacific.

Key duties and responsibilities

• Provide value adding insight on the drivers of financial performance, movements in IFRS and SII results, experience emergence, and recommendations for management actions.

• Provide oversight of the production of L&H reserves for Group results (IFRS 17, SII) each quarter, participating in the landing process and ensuring the results are robust.

• Be the key member for a project where the project involves accurate reporting and settlement for SCOR-Covea deal.

• Work closely with and provide guidance to APAC L&H actuarial teams on issues of methodology, appropriate techniques, and expert judgement.

• Be a key member in implementing various process improvements initiatives within APAC

• Support and coordinate for the external audits with local auditors in relation to actuarial topics

• Work with the APAC L&H actuarial teams to deliver the local IFRS17 reporting requirements as the standard gets adopted across geographies and support the Central teams with their review of APAC markets results

Relationships

• Support theHead of L&H Actuarial, APAC in being the primary point of contact for the Corporate Actuarial and Group Actuarial teams on all Life & Health matters in the region

• Communication of actuarial issues to other teams in the context of earnings, capital, liquidity, etc.

• WorkcloselywithotherteamswithinAPAC, including the modelling team, L&H business unit, colleagues in the wider Finance team,Pricing, andRiskmanagement,toshare common knowledge and commonpurpose.

Experience:

• Qualified/ nearly qualified Actuary (FSA, FIA, orFIAA)

• Relevantexperienceina lifeinsurance/reinsurancebusiness

• Deep experience of at least one of: IFRS17, Solvency II, experience analysis, or local statutory reporting in an APAC market. IFRS17 experience is a strong plus.

• Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint), Prophet software

• Familiar with data analytics tools such as R, SQL or Python is a plus.

Personal Competencies:

• Enjoys working at pace, in a close-knit team.

• Demonstrates curiosity and enthusiasm for continuous improvement.

• Proactive, organized and adept at stakeholder management.

• Strong technical skill set and ability to work independently.

• Excellent communication and interpersonal skills.

• Creates a supportive environment –when guiding and supporting the market valuation teams, as well as working with other teams and colleagues.

• Interest in career and skilldevelopment.

• Able to provide effective challenge to seniormanagers.