Actuarial Valuation Expert
1 month ago
Job Description:
We are seeking a highly skilled Actuarial Valuation Expert to join our team in a strategic reserving role. As an integral member of our APAC valuation team, you will be responsible for supporting on various valuation tasks such as insurance technical liabilities under US GAAP, BE GAAP, STAT & IFRS 17.
Critical Tasks and Expected Contributions/Results:
- Develop actuarial methodologies and assumptions considering relevant financial, claims, underwriting data.
- Ensure reserving processes and standards are consistent with actuarial policies and guidance, as well as compliance with local regulations.
- Enhance and automate existing processes and controls using programming, modernize valuation models to report monthly reserves on a timely and accurate manner.
- Monitor reserves adequacy and provide insights on drivers, including reconciliation of views on profitability between reserving, pricing & plan.
- Assess the company's financial condition (i.e. ORSA, IWST, Actuarial Investigation Report & Actuarial-focused Returns).
- Manage the presentation of results to external and internal stakeholders, incorporating supporting analysis and commentary for all metrics.
- Align reserving processes and models and tools across APAC entities.
- Support other functions on reserving, business initiative & projects and strategic business decisions as relevant.
About the Role:
This is a highly specialized role that requires expertise in actuarial valuations, reserving, and financial analysis. The successful candidate will have strong analytical skills, attention to detail, and excellent communication skills.
Requirements:
- Bachelor's degree in actuarial science or related field of study.
- Associate in the Society of Actuaries, Institute of Actuaries, or comparable actuarial designation preferred.
- Understanding in health insurance, health claim process, healthcare systems, IFRS17 is a plus.
- 5+ years of actuarial experience, with knowledge of the Actuarial functions (Valuation or Pricing) and operating models.
- Excellent English verbal and written skills.
- Strong proficiency in Programming (macro), Microsoft (Excel, Access, Powerpoint etc.), Alterlyx, AWS, ResQ, SQL and Tableau preferred.
About the Company:
The Cigna Group is a leading global health services company dedicated to helping people live healthier, more secure lives. We guide our customers through the healthcare system, empowering them with the information and insight they need to make the best choices for improving their health and vitality.
Estimated Salary:
$120,000 - $150,000 per year, depending on experience and qualifications.
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