Valuation Actuary

SCOR UK Company Limited; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

SCOR UK Company Limited is seeking an experienced professional in Singapore to manage L&H group reserving activities. The role involves oversight of reserving processes and supporting key actuarial projects associated with IFRS17 and Solvency II.

Applicants should offer over 5 years of experience in life insurance or reinsurance, alongside nearly qualified actuary qualifications. Strong analytics and communication skills are crucial for success within this dynamic environment.

Qualifications

• 5+ years of relevant experience in a life insurance/reinsurance business.
• Deep experience in IFRS17 or Solvency II.
• Proactive and organized approach to complex tasks.

Responsibilities

• Provide oversight of L&H reserves for Group results each quarter.
• Support the annual assumption setting process and leverage analysis.
• Implement process improvement initiatives within APAC.

Skills

Experience with IFRS17

Experience with Solvency II

Data analytics tools (R, SQL, Python)

Stakeholder management

Curiosity and continuous improvement

Strong communication skills

Education

Nearly qualified Actuary (FSA, FIA, or FIAA)

Job description

In this exciting and fast‑paced role you will be working across APAC (including China, North Asia, South Asia & ANZ) supporting the Director of L&H Reserving AP Singapore 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.9 countries and 15 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 Head of L&H Reserving, APAC.

Responsibilities

KEY TASKS

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.

Provide support on the annual assumption setting process, reviewing the experience analysis produced by the business and leveraging the analysis to set the best estimate assumptions, working in conjunction with the other APAC L&H actuarial team leaders.

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

Be a key member in implementing various process improvement initiatives within APAC.

Support and coordinate with the auditors in relation to actuarial topics.

Support the Central teams with their review of APAC markets results.

Responsible for end‑to‑end reserving process for the Singapore statutory reporting for SRAP, producing quarterly and annual RBC2 results, Industry Wide Stress Testing, and supplying stress tests and analysis for the Own Risk and Solvency Assessment.

Work with the Capital Management team to provide accurate insurance risk forecasts to manage capital within the comfort range.

Support and coordinate for ad‑hoc projects and thematic reviews.

Relationships

Support the Director of L&H Reserving AP Singapore on all Life & Health matters in the region.

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

Work closely with other teams within APAC, including the modelling team, L&H business unit, colleagues in the wider Finance team, Pricing, and Risk management, to share common knowledge and common purpose.

Qualifications

Experience:

Nearly qualified Actuary (FSA, FIA, or FIAA)

5+ years of relevant experience in a life insurance/reinsurance business.

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.

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

• 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 skill development.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.