Actuarial jobs in Singapore

New Product Pricing
– Liaise and coordinate with Product team to provide actuarial support in product development process. It includes:
1) Develop and maintain pricing models, ensure accuracy and robustness in technical pricing
2) Propose assumptions and methodologies used in pricing
3) Use relevant pricing model to derive premium rates and assess profitability, as well as highlighting key risks associated with the product;
– Ensure that the proposed premium rates are adequate and provide sufficient resilience against risks;
– Ensure that the assumptions used in pricing are consistent with internal guidelines / experience and pricing methodology is compliance with both regulatory and internal requirement;
– Comply with internal and regulatory filing requirements in relation to pricing, create higher standard on the premium certification report & regulatory filing processes

Product Implementation
– Liaise and coordinate with Product, Operation and IT teams to provide actuarial support to new product implementation, which includes operational set-up, system testing and policy documents review;
– Provide actuarial support in preparing policy illustration of life insurance products and ensuring that they are compliant with industry / regulatory requirement

Reinsurance
– Point of contact with reinsurers;
– Coordinate and participate in reinsurance contracts review;
– Other reinsurance matters which includes retention limit review

Other product related project
– Handle special quotations and other policy servicing queries;
– Conduct regular evaluation of distribution remuneration structure, including assessing its market relevance and financial sustainability;
– Provide actuarial support to review / evaluate any relevant corporate initiatives / incentive / campaign

Undergraduate degree from a recognized university, major in Actuarial Science, Math or Statistics preferred

Minimum 3 years of actuarial experience

Strong actuarial knowledge, strong analytical and problem solving skills

Engaging and open minded working attitude with emphasis on being a good team player

Meticulous for detail in risk assessment and profitability analysis

Proficient in Microsoft Office (Excel, Words, Power Point)

Proficient in actuarial computing (VBA, SQL, R, Prophet)