GI Actuary - Reserving

Employer
Oliver James Associates
Location
Singapore, Singapore
Salary
SGD70000 - SGD130000 per annum
Posted
30 Jul 2022
Closes
29 Aug 2022
Ref
16116992
Job Function
Insurance
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
RESERVING & REPORTING
  • Support team providing value adding actuarial reserving advice to the Singapore GI business units
  • Responsible for IBNR calculation and maintain valuation models
  • Perform analytical analysis to support IBNR determination
  • Production of Annual Actuarial Reports and regulatory reporting reports
  • Perform business plans and forecasts to reflect business strategic initiatives and are in line with targets
  • Assists with implementing, monitoring and managing local Governance in line with Group requirements
  • Ensure adherence to Controls (e.g. ZRP) according to Group policy for Actuarial Reserving
  • Assists with RBC monitoring and RBC parameterization process


RISK MANAGEMENT & CAPITAL MODELLING
  • Performs quantitative risk management activities including standard capital modeling, solvency monitoring and stress testing for non-life companies in the region.
  • Assists to improve risk quantification process and tools, including natural catastrophe modeling, loss modeling, reserving, investment and credit risk models.
  • Provides support on reinsurance pricing and reinsurance optimization projects.
  • Assists in the preparation or review of ORSA reports of the group companies within the region.
  • Supports on any regional ERM initiatives, focusing on quantitative risk management perspective.
  • Conducts regular assessment on current risk management tools and guidelines in view of compliance to regulatory, industry and internal company standards.
  • Ad hoc support to actuarial functions such as reserving and pricing.


IFRS17 & REPORTING
  • Accountable for financial and regulatory deliveries for GI & Group Health portfolio; and ensure internal and regulatory compliance
  • Manage valuation data workflows and reserve models, and uphold best practices
  • Lead reserve studies and business planning with the team to provide actionable business insights on the GI & Group Health portfolio
  • Drive automation initiatives of actuarial processes for regulatory and management reporting
  • Drive the adoption of new data analytic techniques & technology on reserving process
  • Develop key IFRS17 implementation initiatives for short term business
  • Develop IFRS17 actuarial models, conduct studies for IFRS 17 and valuation assumptions
  • Close collaboration with cross actuarial teams and other departments in providing support to automate an end-to-end integrated reporting process
  • Support team in financial reporting and ad-hoc project