Total 4 finance banking insurance job vacancies in Science / R&D / Research category in D02 Anson, Tanjong Pagar

Responsibilities:

• Manage end-to-end Pricing and implementation of new products.
• Assist the Actuarial Pricing leads and participate actively in end-to-end actuarial pricing process, which includes executing premium and benefit pricing, actuarial assumption setting, profitability testing, product system implementation and user acceptance tests for quotation systems and administrative systems in ensuring end-to-end smooth and timely product delivery.
• Liaise with the Products, Distribution and Policy Servicing teams to closely support with client requests around in force policy statement updates, post sales illustrations, channel incentive analysis, marketing campaign setup.
• Involved in working on risk management related projects including addressing market risk mitigation, insurance risk review, and operation risk management.
• Assist to other non-product development activities as well as involvement in department wide exercises such as periodic experience studies updates, financial stress tests, board reports, regulatory initiatives, systems infrastructure upgrades, sales tools and marketing support.
• Support the Head of Pricing to safeguard the financial health of the insurance company and protect the interest of policyholders as well as in ensuring the statutory responsibilities under the Insurance Act are met.

Requirements:

• Bachelor's degree in Actuarial Science, Statistics, Economics or any relevant discipline
• At least 1-2 years actuarial experience on life insurance product pricing is a plus
• Experience with Prophet, VBA and Excel Programing is a plus
• Sharp communication skills will be important as clear business connectivity
• Engaging and open minded working attitude with emphasis on being a good team player
• Meticulous with a keen eye for detail for financial analysis

Interested Applicants, please email your resume to charmane.lalog@manpower.com.sg (R1767650), stating the position as the subject title in the email.

Job Description:

• Assist the Valuation and Reporting team in all areas of reporting and valuation work, with a focus on reinsurance.
• Person-in-charge to administer the reinsurance treaty for the Life business. This includes maintaining the reinsurance system, ensuring timely settlement of premiums and recoveries, and providing support to other stakeholders on reinsurance matters (e.g. retention review exercise, inputs for IFRS17 valuation, etc).
• Assist the team to conduct experience studies, formulating suitable basis for valuation and pricing assumptions.
• Assist to develop, maintain, and ensuring the actuarial models used for the above activities are accurate, efficient and well documented.
• Assist the team in the annual data validation exercise to ensure accuracy of valuation data.
• Participate in ORSA stress test.
• Assist in any ad-hoc actuarial investigations and corporate initiatives from time to time.
• Any other tasks assigned by the company.

Requirements:

• Min 2 to 4 years’ experience in Life Insurance valuation or reinsurance roles. Having knowledge of Singapore statutory reporting (RBC 2) will be an advantage.
• Experience or knowledge in Prophet modeling is preferred but not a must. Candidates will be given on-the-job training as necessary.
• Good Microsoft Excel and/or Access skills
• Excellent technical, analytical and problem-solving skills.
• Self-motivated and positive working attitude
• Intends to seek Actuarial qualifications.
• Strong communication and interpersonal skills

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem- solving skills as you improve how we predict and mitigate risk. Our Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG’s major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics and performance measurement. They collaborate with Marketing, Operations and Financial Management.

About the role

What you need to know:

This will be a key resource in carrying out APAC DVRs while supporting Singapore local statutory reporting requirements, including but not restricted to annual stress tests, IFRS17 reporting, regulatory compliance returns, ALM monitoring and Solvency returns.

The candidate is expected to work with analysts and experienced actuaries as part the regional team to provide actuarial advice to the business functions including profit centres, underwriting, finance, and risk management. Key responsibilities include:

• Assist in local GAAP quarterly reserving and solvency estimates for local regulatory reporting for assigned APAC countries
• Assist in preparation of US GAAP quarterly management results
• Assist in preparation of annual Detailed Valuation Reviews, Insurance Liability Valuation Report and Financial Condition Report / Stress testing
• Assist in preparation of quarterly Board and Risk committee reporting
• Assist in reviewing capital targets and investment strategies including ALM
• Provide support to the budget loss ratio exercise and annual financial planning
• Assist in supporting strategic portfolio reviews and deep dive analyses of certain business segments
• Assist with implementation of IFRS 17 reporting requirements
• Assist in other ad-hoc analyses as required.

What we’re looking for:

• Candidate with Mathematics/Actuarial/Statistics/Economics or any related degree background, with some progress towards pursuing a professional actuarial qualification
• 1-2 years of working experience in the General insurance industry
• Fresh graduates will be considered
• Familiarity with traditional actuarial techniques and models
• Ability to manage multiple tasks simultaneous
• Ability to work as part of a team as well as take responsibility for his individual contribution
• Ability to meet tight deadlines and prioritize own work
• Effective time management and strong communication skills
• Ability to forge relationships with other areas of the business
• Working knowledge on typical actuarial reserving software
• Strong knowledge of MS Excel and MS Access, knowledge of VBA

Who we are

American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security.

Get to know the business

General Insurance is a leading provider of insurance products and services for commercial and personal insurance customers. It includes one of the world’s most far-reaching property casualty networks. General Insurance offers a broad range of products to customers through a diversified, multichannel distribution network.

As an actuary at AIG, you will be challenged and encouraged to reach your greatest potential. Every day will bring new opportunities to stretch your analytical and problem- solving skills as you improve how we predict and mitigate risk. Our Financial Actuaries are on the frontlines, quantifying risk, pricing insurance and reserving losses for AIG’s major regulated and rated insurance operating companies globally. Portfolio Analytics and Pricing Actuaries support AIG’s businesses and are responsible for technical pricing, product development analytics and performance measurement. They collaborate with Marketing, Operations and Financial Management.

About the role

What you need to know:

The successful candidate will be supporting the AIG Singapore insurance business and regional initiatives, and work as a member of the APAC actuarial team to achieve goals and deliver on strategic initiatives.

We are looking for a candidate who will be assisting the Pricing and Portfolio management team responsible for portfolio optimization, assessment of pricing adequacy and company strategies, for the purpose of ensuring company financial strength, regulatory compliance, and meeting profit objectives.

This position will also provide opportunities to assist in reserving predictive modeling, develop accurate analysis techniques, suggest innovative product designs, and coordinate with others within or outside the department on various projects.

• Provide the Singapore business and wider APAC with the actuarial support required to achieve profitable growth and business goals
• Work cross functionally to collect, compile, and analyze all relevant data / information including product’s competitive analysis, customer analysis, and / or market trends.
• Produce pricing analysis for large accounts and schemes within agreed timescales, working closely with underwriters
• Support the development, alignment, and execution of portfolio strategies
• Prepare and deliver robust analytics to inform and guide decisions relating to new product developments or revisions in a timely manner
• Provide support in the development of products, pricing and rating plans, and risk segmentation strategies
• Provide support to budget loss ratio estimates and financial planning
• Provide assistance to the Appointed Actuary
• Collaborate with local and regional product teams, Finance, Marketing, Underwriting, Claims and IT
• Assist with validation and documentation of pricing models according to global standards
• Ensure execution of rate level indication exercise

What we’re looking for:

• Candidate with Mathematic/Actuarial or any related degree background, with some progress towards pursuing a professional actuarial qualification
• At least 3 years working experience in the insurance industry
• Relevant experience in the portfolio management/analytics/underwriting field is preferred
• Strong analytical, financial, research, and problem-solving skills
• Relevant experience with consolidating data and developing reporting metrics
• Skills with Excel, VBA, PowerBI, SQL, R, Python and PowerPoint software
• Ability to manage multiple tasks simultaneously
• Ability to work as part of a team as well as take responsibility for his individual contribution
• Effective time management and strong communication skills