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Assistant Vice President

2 months ago

Singapore Great Eastern Life Assurance Co Ltd Full time
Job Purpose

We are looking for an aspiring actuary to join our actuarial General Insurance (GI), Group, and Accident & Health (A&H) team. Reporting to the Head of GI and A&H Pricing, you will be leading a dynamic team of actuaries and assist the company in the managing of the GI, Group and A&H portfolio. This includes product pricing, product development, and monitoring of products. Provide actuarial support to actuarial valuation team, and General, Group and A&H businesses.

The Job

• Product pricing and data analysis, by developing and enhancing in-house statistical capability, which includes:
- Design and develop pricing models that meet internal and regulatory requirement;
- Design and perform data analysis with the aim of providing actionable insights, as well as setting pricing assumptions;
- Periodic profitability study and experience analysis
- Assist in the financial management of the business, including reinsurance program review
- Support business units by generating relevant reports for monitoring and tracking purposes
• Collaborate with internal/ external stakeholders to price and develop GI, Group and A&H products. This includes:
- Collaborating with internal stakeholders on the design and pricing of the products; and
- Work closely with underwriters and claims managers to integrate new product features and improvement in processes into their day to day operational activities.
- Provide technical support on other related matters, such as marketing, underwriting, claims management and system development
• General Insurance regional involvement to provide pricing guidance and review support across entities
• Assisting the Company in driving the GI, Group and A&H business through experience and profitability analysis on various business lines.
• Play a leading role in actuarial pricing related projects, and supporting the business units in achieving their key performance indicators.

Our Requirements

• Degree Holder in Actuarial or Statistics
• A qualified/ near qualified Actuary
• 6 years or above in relevant actuarial roles.
• Experience working closely with underwriting, claims and product developers.
• Experience in project management and presenting financials to management.
• In depth knowledge of GI, Group, A&H insurance products and actuarial practice.
• Excellent in statistical analysis, problem solving and communication skills
• Proficient in MS Excel
• Good knowledge of statistical packages and strong interest in programming (e.g. SAS, SQL, VBA, Prophet)
• Familiar with IP Shield, General Insurance products, reinsurance structures, AS400 system data structure, RBC2, IFRS17 and Prophet programming will be an advantage

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.