Risk Management Specialist

3 days ago


Singapore MILLER INSURANCE SERVICES (SINGAPORE) PTE. LTD. Full time

At MILLER INSURANCE SERVICES (SINGAPORE) PTE. LTD., we are seeking an experienced Risk Management Specialist to join our team.

Job Description

The successful candidate will be responsible for performing actuarial, financial modeling and catastrophe risk analyses to support us in winning, placing and monitoring complex insurance and reinsurance risks in Asia markets.

Key Responsibilities
  • Model the probability distributions of gross / ceded / net underwriting results of an (re)insurance client.
  • Utilise cost / benefit analysis to advise brokers and clients on optimal reinsurance programs based on risk tolerance levels.
  • Model and analyse natural catastrophe exposure for various business streams, when requested, to support our offering to clients.
  • Carry out investigations of the appropriateness and sensitivity of modeling assumptions, maintaining our commercial position where this does not conflict with relevant professional standards.
  • Maintain robust documentation, data cleansing, data manipulation and peer review practices to ensure accuracy and relevance of model outputs and assumptions, clearly explaining any limitations of outputs.
  • Communicate modelling process and results with internal and external stakeholders, both verbally and through formal reports/presentations, to a very high standard.
Requirements
  • Bachelor's degree in Actuarial Science / Mathematics / Statistics / or Computer Science.
  • FCAS, FIAA, FIA or working towards qualification.
  • Minimum 5 years general insurance experience, reinsurance preferred.
  • Good Excel skills.
  • Strong oral and written communication skills for a variety of audiences.
  • Experience with programming languages to automate modeling processes.
Estimated Salary: $120,000 - $180,000 per annum

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