Actuarial Pricing Manager

  • 38514
  • Life - Actuarial
  • |
  • Singapore
  • |
  • Nov 4, 2020
Insurance
RESPONSIBILITIES
  • Responsible for the preparation of monthly new business embedded value report and annual in force embedded value report for Singapore life business, with explanation for the movement of results to stakeholders. This includes preparation of embedded value methodology paper and assumptions used.
  • At group level, review NBEV report and IFEV report submissions from other subsidiaries. This includes consolidating and analyzing the financials at group level.
  • Participate in the annual Business Planning exercise by analyzing and forecasting the surplus and new business embedded value, communicating and coordinating effectively with other stakeholders.
  • Responsible for the analysis of profitability for business and assistance in providing insights on the performance and emerging experience.
  • Participate in transformation projects to improve the methodologies and streamline existing processes, as well as strengthen checks and controls to raise the standard of current work practice and quality of results.
  • Participate in actuarial related initiatives or projects.
  • Keeping abreast with the actuarial best practice and latest development in the industry.
  • Proactively explore areas for enhancement with the aim to raise the standard of current work practice.
  • Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
  • Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
  • Highlights any potential concerns /risks and proactively shares best risk management practices.
QUALIFICATIONS
  • At least 3 to 5 years of experience in actuarial work.
  • Degree holder in Actuarial Science and with good progress in Actuarial exams.
  • Familiarity with Singapore RBC2 regulations and good Prophet Experience will be an advantage.
  • Excellent in statistical analysis and problem solving.
  • Self-motivated, able to multi-task, work independently under tight timeline.
  • Good communication and organization skills.
  • High level of integrity, takes accountability of work and good attitude over teamwork.
  • Takes initiative to improve current state of things and adaptable to embrace new changes.