Actuary, Valuation Lead

  • 35537
  • Life - Actuarial
  • |
  • Singapore
  • |
  • Jul 24, 2019
Reinsurance
RESPONSIBILITIES
  • Drive the annual model and assumptions review process with an aim to maintain sophistication in modelling and keeping assumption up to date for applicable reporting standards including IFRS and SII.
  • Perform movement analysis and present results to stakeholders.
  • Maintain high-quality documentation of valuation processes and write high-quality reports to disseminate financial information.
  • Assist in the strategic development of the valuation function.
  • Manage external audit of covered balance sheets.
  • Advise business units on local valuation and reporting topics.
  • Support the development of the new IFRS17 reporting process.
  • Maintain knowledge of developments in the re/insurance industry and field of actuarial work.
  • Support planning and performance assessment process.
QUALIFICATIONS
  • Fellow of a recognized actuarial body.
  • 10+ years of experience in the insurance/reinsurance industry preferably including 5+ years in valuation and financial reporting.
  • Hands on experience in IFRS, SII and/or US GAAP reporting standards.
  • Practical experience in dealing with the biometric risk inherent in products sold in the Asia region will be an advantage. These include different varieties of term, personal accident, whole life, universal life, critical illness, disability, long term care, hospital cash and reimbursement style Health products.
  • Knowledge of different reinsurance structures and associated reserving approaches. These include different forms of quota share, surplus share, coinsurance and Retakaful structures.
  • Ability to lead and manage actuarial teams.
  • Excellent communication skills as demonstrated in general conversation, clear and complete responses to stakeholders, and an ability to tailor the message to the audience.
  • Superior report writing skills with an ability to explain complex topics in simple words.
  • Experience with AXIS and Datalink is an asset.
  • Experience in programming is a plus.