GI Actuary - Reserving
- Employer
- Oliver James Associates
- Location
- Singapore, Singapore
- Salary
- SGD70000 - SGD130000 per annum
- Closing date
- Sep 10, 2022
View more
- Job Function
- Insurance
- Industry Sector
- Finance - General
- Employment Type
- Full Time
- Education
- Bachelors
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RESERVING & REPORTING
RISK MANAGEMENT & CAPITAL MODELLING
IFRS17 & 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
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