Head of Valuation

  • 35861
  • Life - Actuarial
  • |
  • Singapore
  • |
  • Sep 17, 2019
  • Responsible for developing the team working on the valuation, stress testing and other reporting requirements in the Actuarial Services Department to support business needs and reports to the Chief Actuary or Appointed Actuary.
  • Supports the Appointed Actuary in his role under the Insurance Act, to safeguard the financial health of the insurance company and to protect the interest of the policyholders.
  • Responsible for persistency monitoring, Universal Life business management, Business Planning, Prophet Modeling and Model Governance, and day to day administration of the Reinsurance programs.
  • Provide support on Balance Sheet optimization projects.
  • Works closely with the regional office, external actuarial consultants, internal and external auditors and regulators, ensuring adherence to the company guidelines in the IFIM and statutory regulations.
  • Will support Appointed Actuary to meet following key objectives of the Asset Liability Management function. Optimize shareholders’ value and fulfilling Policyholders Reasonable Expectations, including meeting all financial obligations in full as they fall due in the foreseeable future.
  • Qualified Actuary from a recognized Actuarial examination body.
  • Extensive Actuarial knowledge with experience in Life Valuation preferred.
  • In depth experience with reporting processes and the reporting control environment.
  • In depth knowledge in local RBC1 and RBC2 regulations.
  • Strong communication and presentation skills.
  • Experience in managing team.
  • Strong interpersonal skills with proven ability of planning and problem solving.
  • Ability to work effectively under pressure with competing and at times rapidly changing priorities.
  • Ability to develop cohesive working relationships with internal and external stakeholders.