Valuation Actuary

PARTNER REINSURANCE ASIA PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A key opportunity has arisen for an actuary in a dynamic global firm, contributing to the APAC L&H business. The role includes preparing actuarial valuations, maintaining models, and ensuring compliance with various standards. Candidates should possess strong analytical skills and 5-7 years of relevant experience, with a focus on developing expertise within the valuation team.

Qualifications

• Fully qualified/nearly qualified actuary required.
• 5-7 years’ actuarial experience in Life (re)insurance.
• Proficiency in English is necessary.

Responsibilities

• Prepare quarterly actuarial valuation under various reporting bases.
• Maintain documentation of methodologies and procedures.
• Support audits and enhance valuation processes.

Skills

Organized

Attention to details

Strong communication

Problem-solving skills

Team orientated

Education

Degree in Actuarial Science or related field

Tools

AXIS/R

Job description

Overall Summary: The job holder will be a key contributor to different reserving activities across the APAC L&H business.

Key Responsibilities:

• Prepare and support the quarterly actuarial valuation of APAC L&H business under various reporting bases (US GAAP, SII, IFRS17, MAS, HK RBC, VIF, BMA)

• Maintain documentation of methodologies, processes, procedures, controls and results

• Set up and maintain actuarial valuation models for various lines of business with a focus on DMTM business

• Monitoring and tracking of DMTM business including reconciliation of cedant accounts/data against marketing companies campaign data

• Prepare the quarterly APAC valuation result review and reporting

• Support continuous enhancement in processes and controls

• Provide support for both internal and external audits

• Develop technical knowledge (product, assumptions, regulation, industry trends) and become an expert within the Valuation team

• Support the annual Experience Studies and Assumptions setting process

• Support the APAC Chief Actuary and Senior Valuation Actuaries on ad-hoc projects

Technical Skills/Competencies:

• Fully qualified/nearly qualified actuary

• Knowledge of AXIS/R would be an advantage

• Proficiency in English

Behavioural Competencies:

• Organized, able to work in a matrix structure

• Attention to details

• Strong communication and problem-solving skills

• Team orientated

• Unafraid of challenges and a desire to learn.

• Wish to work in a dynamic and culturally diverse environment with colleagues possessing a wide and varied range of skills and experience.

Work Experience:

• Degree holder with 5-7 years’ actuarial experience in Life (re)insurance