Job Summary

The successful candidate will play a pivotal role in the development of commercially viable health insurance customer offerings. This role will primarily be involved in pricing of new business / products and will be working closely with both the Business Sales and Product Development teams.

Job Responsibilities

• Conduct monthly reserve valuations for premium and claims liabilities, ensuring accuracy and regulatory compliance (IFRS 17 and IFRS 4 frameworks).
• Analyze and present valuation and pricing results to stakeholders, providing data-driven insights to support strategic decision-making.
• Perform experience studies including mortality, morbidity, persistency, inflation, and expense analyses.
• Maintain, enhance, and develop actuarial models, valuation methodologies, pricing tools, and quotation engines.
• Carry out capital management activities such as ORSA exercises, business projections, budgeting, CAR monitoring, and stress testing.
• Manage reinsurance arrangements, including treaty management, reinsurance premium processing, recoveries, and facultative reinsurance for new and existing products.
• Support system setup and implementation for new product launches.
• Prepare and submit MAS regulatory returns, ensuring full compliance with local reporting standards.
• Liaise with auditors during annual financial closings to ensure alignment with IFRS 4 and IFRS 17.
• Produce and enhance business management information and client reports, focusing on portfolio management and data-driven business insights.
• Collaborate with cross-functional stakeholders to implement strategic initiatives and enhance workflows, ensuring data accuracy and appropriateness.
• Stay updated with changes in actuarial standards, regulations, and industry best practices to maintain compliance and apply latest methodologies.

Requirements

• Actuarial / Mathematics / Statistics Degree
• Good progress in the Actuarial professional examinations
• 3 to 6 years of relevant experience
• Excellent knowledge of MS Excel, with basic knowledge of VBA
• Good knowledge of Python
• Excellent communication and presentation abilities
• Meticulous and resourceful individual
• Ability to work both independently and collaboratively
• Experience in pricing of Group Employee Benefit schemes

We regret to inform that only shortlisted candidates will be notified.