Senior Valuation Actuary

2 weeks ago

Singapore SCOR SERVICES ASIA-PACIFIC PTE. LTD. Full time

Job Summary
This exciting role places you in SCOR's South Asia L&H valuation team. The team performs valuation activities for the South Asia macro-market, covering 3 offices writing business in c.20 countries.

As a senior member of the team, you will be responsible for leading key valuation tasks and guiding juniors attached to the same project(s).


You will support the Head of L&H Reserving in a broad range of valuation activities, which includes reporting for IFRS17, Solvency II, and the various Local Statutory Bases.

You will also support non-reporting valuation activities such as model development, stress tests and experience analysis.

You will have a high degree of responsibility and autonomy in whilst undertaking and leading key tasks within the team.


You will have the opportunity to liaise with colleagues across the SCOR group via the presentation of valuation results to our many stakeholders.

You will also participate in various projects including process enhancements, modelling improvements and data management.

About the Department:
APAC Actuarial


The APAC Actuarial team is based in SCOR's offices in Singapore, Sydney, Beijing and Seoul, and covers both Life & Health and Property & Casualty business.

This includes business written in c.30 countries and 13 legal entities in the region. We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders. The department is lead by the Chief Reserving Actuary for Asia Pacific.

Group reporting

  • Responsible for IFRS17 and Solvency II reporting
  • Produce quarterly / yearly deliverables on a timely basis and in good quality. Provide value adding insight on drivers of the movements in results and experience emergence.
  • Support the annual assumptions update / experience analysis exercise by reviewing proposed changes and performing impact analysis to the South Asia business.
  • Support the annual stress test exercise by preparing model runs and reviewing the South Asian results.
  • Identify model deficiencies or possible enhancements (if any), work with the modelling team to improve these points.

Local Statutory Reporting

  • Assume leadership for the local statutory reporting of one of the South Asia submarkets.
  • Produce quarterly / yearly deliverables on a timely basis and in good quality. Provide value adding insight on drivers of the movements in results and experience emergence.
  • Take ownership and keep up to date on developments to the local reserving and capital regulations. Update the reporting processes to comply with any changes.

Other Activities

  • Support the quarterly model development cycle by working with the modelling teams to plan / test enhancements and changes to the South Asia models.
  • Support the wider team on various projects such as process enhancements, modelling improvements and data management.
  • Provide guidance and support to junior team members.

Experience:

  • Qualified or nearly qualified actuary (FSA, FIA, FIAA, or equivalent)
- ~8 years relevant experience in a life insurance/reinsurance business

  • Deep experience of at least one of: IFRS, Solvency II, Local Statutory Reporting of an APAC market, Actuarial Modelling
  • Experience of management either small teams or ownership of individual projects
  • Expertise in Microsoft Office (Outlook, Excel, Access, PowerPoint)
  • Experience of Actuarial projection software (ideally Prophet) preferred but not necessary

Personal Competences:

  • Enjoys working at pace, in a closeknit team
  • Demonstrates curiosity and enthusiasm for continuous improvement
  • Proactive, organized and adept at stakeholder management
  • Strong technical skillset
  • Excellent communication and interpersonal skills
  • Creates a supportive environment both when coaching junior members within the team and when working with other teams and colleagues
  • Interest in career and skill development

Required Education:

  • Bachelor's degree in actuarial science, mathematics, statistics, economics, finance, or related field with a strong quantitative orientation.

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