Critical Tasks and Expected Contributions/Results:
- To support APAC valuation tasks for Australia and Singapore as follows:
Assist in internal US GAAP reporting, local statutory reporting (e.g. ALCO and ORSA), as well as annual reserve and expense study
Assist in setting reserves for financial close, conduct claims and loss ratio detailed movement analysis and understanding of underlying key drivers
Data preparation and assist in the development and maintenance of claims/actuarial database and analytic dashboards
Provide support in optimizing and streamlining reserving processes. This includes proposing and implementing improvements while maintaining robust controls and proper documentation
Participate in actuarial reserving projects such as IFRS17 and collaborate with other business functions in ad-hoc projects to implement key strategic initiatives
Any other ad-hoc tasks as assigned
Key Challenges/Anticipated Changes in Environment:
- Able to juggle priorities and work under pressure to meet tight deadlines
- Have strong financial acumen and professional integrity. Able to balance and apply actuarial principles in a commercial setting
Developmental Value of Position:
- Develop the ability to work independently while taking ownership to contribute actively to a high-performing team environment
- Cultivate a strong growth mindset to have a deep hunger and willingness to experiment, explore and broaden actuarial expertise
- Strengthen communication and interpersonal skills to productively interact with cross-functional colleagues.
Experience/Knowledge, Education and Other Requirements:
- Bachelor’s degree in Actuarial Science or related field of study
- Associate level or candidates actively pursuing actuarial qualifications from the Society of Actuaries, Institute and Faculty of Actuaries, or comparable actuarial bodies
- 1-3 years of relevant actuarial experience. Strong fresh graduates are welcome.
- Good knowledge and experience of valuation and reporting process
- Good understanding in health insurance, health claim process, healthcare systems, IFRS17 is a plus
- Good knowledge and strong interest in programming (e.g. Alteryx, AWS, ResQ, SQL and Tableau). Proficient in Microsoft (Excel, Access, Powerpoint etc.)
- Strong communication and presentation skills
Personal Competencies Required:
- Have good understanding of the Actuarial valuation function and operating models
- Strong analytical and numerical skills, applied to insurance and finance data domains
- Ability to apply technical knowledge and skills in automating and streamlining work processes
- Fast learner and detail oriented. Be able to complete tasks assigned accurately and in a timely manner. Be able to identify and highlight critical issues to be discussed throughout the whole process
