Actuarial Manager

Responsibilities

• Provide support to the business units in the business planning in particular leading forecast of the key assumptions such as loss ratios, rate movement and retention ratios
• Adhere to relevant AP Policies and work with regional chief actuary to implement local pricing and reserving processes and procedures.
• Perform appropriate checks within processes to minimize inaccuracies
• Comply with documentation of key processes and policies
• Adhere to relevant Actuarial standards and good practice
• Meet all internal and external reporting requirements
• Assist analysis function in the business unit
• Responsible for submission of statutory returns and reports
• Develop and maintain monitoring and ad-hoc reports
• Manage projects to ensure timely delivery
• Sound understanding the operating and business environment and apply to actuarial activities including pricing, reserving, etc.
• Develop insight to support decision making by the business
• Responsible of the assumptions and processes of liabilities valuation and pricing for the Branch and provide insight to Monetary Authority of Singapore and Regional Chief Actuary
• Understanding industry trends and analyzing competitive position
• Deliver specific management information for Distribution and Products
• Construct and maintain databases, MI, reporting, consistency to support business analysis and planning
• Lead or co-lead reserving processes and pricing projects
• Use tools and perform tasks to support the following Actuarial activities:

Analytics

• Assist in development of strategy and business direction by contributing to planning and forecasting
• Develop and maintain data frameworks and tools that deliver reusable, scalable and flexible management info to meet business needs

Portfolio Management

• Build/deploy portfolio management platform and lead the continuous improvement of portfolio management techniques
• Implement monitoring reports and dashboards for purpose of underwriting, distribution and claims management
• Conduct technical analyses and regular reviews of portfolio performance against modeled results

Reserving

• Conduct insurance liability valuation estimates for Singapore operation with regional team
• Report to local management team, regional chief actuary and MAS on reserve findings and outcomes including discussion on experience analysis

Requirements

• General experience of working within the Actuarial function in a multinational financial services business
• Pricing and reserving of GI commercial business preferred
• MAS reporting
• Relevant tertiary qualifications with fellowship qualification of a recognized professional actuarial body preferred
• Understanding of industry practice in Actuarial analysis, modelling and underwriting
• Understanding of insurance business process
• Understanding of Monetary Authority of Singapore liability valuation and RBC requirements
• Understanding of Compliance issues
• Effective communication
• Able to persuade and influence both directly and indirectly
• Able to work independently
• Advanced Excel and other analytical tools
• Good skills in the use and interpretation of numerical data
• Ability to organize own work to meet deadlines
• Ability to work within defines procedures