Reinsurance Analyst

2 weeks ago


Singapore SINGAPORE LIFE LTD. Full time
Reinsurance Analyst Job Description

Singapore Life Ltd. is a leading financial services company seeking a skilled Reinsurance Analyst to join our team. As a key member of our reinsurance team, you will play a crucial role in driving the financial modeling and projections of reinsurance solutions, including analysis of reinsurance on capital and profitability.

Key Responsibilities:
  • Drive the financial modeling and projections of reinsurance solutions, including analysis of reinsurance on capital and profitability.
  • Support the team in providing data and analysis for negotiation and assessment of new reinsurance treaties/addendums.
  • Prepare regular reinsurance bordereaux.
  • Involve in process improvement to ensure accuracy and timeliness of reports.
  • Prepare regular internal reports to Reinsurance Committee.
  • Prepare IGP Pool reporting which includes periodic PYER and captive reports as well as ad-hoc data requests on clients who are exploring a pool arrangement.
  • Work closely with other teams to set up new reinsurance arrangement in reinsurance system and incorporate them in actual reporting.
  • Reinsurance Treaty Management
  • Support renewals and adjustment premiums calculation for catastrophe XOL treaties.
  • Analyze current group and individual business experience and performance compared to target.
  • Analyze COR and operating profits for the group business portfolio.
  • Understand and be familiar with all reinsurance treaties and addendums to be able to set up and execute current, new and renewal treaties in Renova or reinsurance programs.
  • Help on Reinsurance Retention study.
  • Support the pricing team by providing reinsurance-related data and information that are required in pricing individual life and/or group insurance products.
Requirements:
  • 0-3 years of experience in group and individual insurance/reinsurance.
  • Experience in prophet modeling is an advantage.
  • Experience in RENOVA or other reinsurance software is an advantage.
  • Experience in financial reinsurance is an advantage.
  • Good knowledge of Risk Based Capital 2 capital regime is an advantage.
  • Degree in Actuarial Studies.
  • Good progress in actuarial exams with a recognized actuarial body (e.g. SOA, IFOA, IOAA).

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