Valuation Manager

The Cigna Group; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

A leading health insurance provider in Singapore is seeking an Actuarial professional to support valuation tasks and enhance existing processes. The ideal candidate has a Bachelor's degree in actuarial science, at least 5 years of actuarial experience, and strong programming skills. This role offers a dynamic work environment and opportunities for professional growth.

Qualifications

• 5+ years of actuarial experience, with knowledge of Valuation or Pricing.
• Understanding in health insurance and IFRS17 is a plus.
• Excellent English verbal and written communication skills.

Responsibilities

• Value insurance technical liabilities under US GAAP, BE GAAP, STAT & IFRS 17.
• Develop actuarial methodologies and assumptions.
• Ensure compliance with local regulations and actuarial policies.

Skills

Actuarial science

Strong analytical skills

Programming skills

Communication skills

Education

Bachelor’s degree in actuarial science or related field

Associate in the Society of Actuaries or comparable designation

Tools

Microsoft Excel

SQL

Tableau

AWS

Alteryx

Job description

Critical Tasks and Expected Contributions / Results

To support on APAC valuation tasks such as

• Value insurance technical liabilities under US GAAP, BE GAAP, STAT & IFRS 17
• Develop actuarial methodologies and assumptions considering relevant financial, claims, underwriting data.
• Ensure reserving processes and standards are consistent with actuarial policies and guidance, as well as compliance with local regulations.
• Enhance and automate existing processes and controls using programming, modernize valuation models to report monthly reserves on a timely and accurate manner.
• Monitor reserves adequacy and provide insights on drivers, including reconciliation of views on profitability between reserving, pricing & plan.
• Assess the company’s financial condition (i.e. ORSA, IWST, Actuarial Investigation Report & Actuarial-focused Returns).
• Manage the presentation of results to external and internal stakeholders, incorporating supporting analysis and commentary for all metrics.
• Align reserving processes and models and tools across APAC entities.
• Support other functions on reserving, business initiative & projects and strategic business decisions as relevant.

Key Challenges / Anticipated Changes in Environment

• Be able to juggle priorities and work under pressure to meet tight deadlines.
• Be high degree of personal, high intellect, strong financial acumen; with professional integrity and be able to balance and apply actuarial principles in a commercial setting.

Developmental Value of Position

• Works well independently and takes ownership to influence team environment.
• Possess a deep hunger and willingness to experiment in order to learn and grow further.
• Dynamic individual with strong communication and interpersonal skills to productively interact with different colleagues.

Experience / Knowledge, Education and Other Requirements

• Bachelor’s degree in actuarial science or related field of study
• Associate in the Society of Actuaries, Institute of Actuaries, or comparable actuarial designation preferred
• Understanding in health insurance, health claim process, healthcare systems, IFRS17 is a plus.
• 5+ years of actuarial experience, with knowledge of the Actuarial functions (Valuation or Pricing) and operating models
• Excellent English verbal and written skills
• Strong proficiency in Programming (macro), Microsoft (Excel, Access, Powerpoint etc.), Alterlyx, AWS, ResQ, SQL and Tableau preferred

Personal Competencies Required

• With knowledge of Actuarial functions (Valuation or Pricing) and operating models
• Strong analytical and numerical skills, applied to insurance and finance data domains
• Ability to apply technical knowledge and skills in automating and streamlining work processes
• Fast learner. Be able to pick up tasks assigned in fast turn-around time, timely and accurately, in order to spot out and escal critical issues to be discussed throughout the whole process.

About The Cigna Group

Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.