SCOR | Reserving Actuary
3 weeks ago
Provide value-adding insight on the drivers of financial performance, movements in IFRS and SII results, experience emergence, and recommendations for management actions.
As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.
Working at SCOR means engaging with some of the best minds in the industry - actuaries, data scientists, underwriters, risk modelers, engineers, and many others - as we work together to find solutions to pressing challenges facing societies.
As an international company, our common culture is defined by "The SCOR Way." Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.
Job Summary
In this exciting and fast-paced role you will be working across APAC (including China, North Asia, South Asia & ANZ) supporting the Head of L&H Reserving, APAC in the management of all L&H group reserving activities with a key focus on IFRS17, Solvency II and any other projects. You will have a high degree of responsibility and autonomy whilst undertaking and leading key projects within the team.
You will also liaise with the auditors on various requirements for the APAC markets.
About the Department: APAC Actuarial
The APAC L&H Reserving team is based in SCOR's offices in Singapore, Sydney, Beijing and Seoul. 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 led by the Head of L&H Reserving, APAC.
KEY TASKS
Provide value-adding insight on the drivers of financial performance, movements in IFRS and SII results, experience emergence, and recommendations for management actions.
Provide oversight of the production of L&H reserves for Group results (IFRS 17, SII) each quarter, participating in the landing process and ensuring the results are robust.
Provide support on the annual assumption setting process, reviewing the experience analysis produced by the business and leveraging the analysis to set the best estimate assumptions, working in conjunction with the other APAC L&H actuarial team leaders.
Work closely with and provide guidance to APAC L&H actuarial teams on issues of methodology, appropriate techniques, and expert judgment.
Be a key member in implementing various process improvement initiatives within APAC
Support and coordinate with the auditors in relation to actuarial topics
Support the Central teams with their review of APAC markets results
Responsible for end-to-end reserving process for the Singapore statutory reporting for SRAP, producing quarterly and annual RBC2 results, Industry Wide Stress Testing, and supplying stress tests and analysis for the Own Risk and Solvency Assessment
Work with the Capital Management team to provide accurate insurance risk forecasts to manage capital within the comfort range
Support the local (Korea) statutory reporting for SRAP - Seoul Branch
Support and coordinate for ad hoc projects and thematic reviews
Relationships
Support the Head of L&H Reserving, APAC in being the primary point of contact for the Corporate Actuarial and Group Actuarial teams on all Life & Health matters in the region
Communication of actuarial issues to other teams in the context of earnings, capital, liquidity, etc.
Work closely with other teams within APAC, including the modelling team, L&H business unit, colleagues in the wider Finance team, Pricing, and Risk management, to share common knowledge and common purpose.
Experience:
Qualified/ nearly qualified Actuary (FSA, FIA, or FIAA)
Relevant experience in a life insurance/reinsurance business
Deep experience of at least one of: IFRS17, Solvency II, experience analysis, or local statutory reporting in an APAC market. IFRS17 experience is a strong plus.
Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint), Prophet software
Familiar with data analytics tools such as R, SQL or Python is a plus
Personal Competencies:
Good to have: Proficiency in speaking and reading Korean to support colleagues in Korea
Enjoys working at pace, in a close-knit team
Demonstrates curiosity and enthusiasm for continuous improvement
Proactive, organized and adept at stakeholder management
Strong technical skill set and ability to work independently
#J-18808-Ljbffr
-
SCOR | Reserving Actuary
6 days ago
Singapore SCOR Full timeJob Summary This will include preparing the quarterly reserves, uploading these into SCORs systems (accounting system and reserving data warehouse), understanding and analysing the results and movements, reviewing the work of other team members, and producing reports. It will also include preparation of settlement statements for an external retrocession,...
-
SCOR | Reserving Actuary
3 weeks ago
Singapore SCOR Full timeJob Summary This will include preparing the quarterly reserves, uploading these into SCORs systems (accounting system and reserving data warehouse), understanding and analysing the results and movements, reviewing the work of other team members, and producing reports. It will also include preparation of settlement statements for an external retrocession,...
-
SCOR | Senior Performance Actuary
3 weeks ago
Singapore SCOR Full timeThe Senior Performance Actuary will assist the Head of APAC L&H Performance in monitoring and steering the performance of SCOR’s APAC L&H portfolios. The role will play a key part in the adoption, analysis and promotion of Performance KPIs that will drive the performance measurement of the business. Measurement, analysis and communication of these...
-
SCOR | Treaty Technical Accountant Intern
3 weeks ago
Singapore SCOR Full timeJob Description Job Summary Checking and inputting of treaty accounts received from cedants and brokers. Checking and inputting of claim advice received from cedants and brokers. Assist in ad-hoc project or ICS related matters when requested by manager. Responsibilities Key duties and responsibilities Keying and checking of quarterly statement of...
-
SCOR | Junior Portfolio Manager
6 days ago
Singapore SCOR Full timeThe Junior Portfolio Manager supports the administration of insurance and/or reinsurance accounts and contracts. As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of Risk," SCOR uses its industry-recognized...
-
Catastrophe risk intern
2 months ago
Singapore SCOR Full timeResponsibilities: Support project work related to Nat Cat perils research, data collection, model evaluation, climate change study, product development, and/or tool automation. Assist client service and Nat Cat research network initiative for APAC. Opportunity to be part of treaty reinsurance renewal using vendor Cat models and SCOR proprietary pricing tool...
-
Life actuarial intern, apac
2 months ago
Singapore SCOR Full timeJob Summary Our internship program is designed to provide students with exposure to our reinsurance business and to develop skills to promote personal and professional development. This internship in the Actuarial Department will give you the opportunity to be involved in various areas in reinsurance valuation and internal projects. In this exciting and...
-
Pricing intern
2 months ago
Singapore SCOR Full timeCompany profile SCOR is a leading global reinsurer, executing an underwriting policy focused on profitability, developing value-added services and adhering to a cautious financial policy in order to meet the expectations of their clients in terms of security. The Actuarial Department in Singapore oversees the pricing of Non-Life reinsurance contracts for...
-
Life data intern, sea markets
2 months ago
Singapore SCOR Group Full timeJob Summary: The SCOR Life Data Intern pool is a group resource to support SCOR’s data enhancement strategy in South Asia. This Data Intern pool is managed by the South East Asia Life Pricing team, but will also service other data and actuarial functions for valuation, technical accounting, inforce management, underwriting, and R&D. Data interns will be...
-
Junior nat cat pricer
1 month ago
Singapore SCOR Full timeWe are looking for a Junior Nat Cat Pricer who is a team player, technically sound, passionately curious, and who ambitiously wants to make business impact. As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying "The Art & Science of...
-
Life actuarial intern, apac
2 months ago
Singapore SCOR Group Full timeJob Summary Our internship program is designed to provide students with exposure into our reinsurance business, and to develop skills to promote personal and professional development. This internship in the Actuarial Department will give you the opportunity to be involved in various areas in reinsurance valuation and internal projects. Responsibilities In...
-
Reserving Actuarial Intern
1 month ago
Singapore Zurich Australian Insurance Ltd. Full timeReserving Actuarial Intern The Opportunity: Here in Zurich Singapore, we provide interns with the opportunity to explore the actuarial reserving career path. Interns will be assigned to support the team in financial reporting deliverables, process improvements, ad hoc projects and more. They will be well positioned to lead automation projects and interact...
-
Senior Performance Actuary
6 days ago
Singapore SCOR SERVICES ASIA-PACIFIC PTE. LTD. Full timeRoles & ResponsibilitiesThe Senior Performance Actuary will assist the Head of APAC L&H Performance in monitoring and steering the performance of SCOR’s APAC L&H portfolios. The role will play a key part in the adoption, analysis and promotion of Performance KPIs that will drive the performance measurement of the business. Measurement, analysis and...
-
Senior Performance Actuary
6 days ago
Singapore SCOR SERVICES ASIA-PACIFIC PTE. LTD. Full timeRoles & ResponsibilitiesThe Senior Performance Actuary will assist the Head of APAC L&H Performance in monitoring and steering the performance of SCOR’s APAC L&H portfolios. The role will play a key part in the adoption, analysis and promotion of Performance KPIs that will drive the performance measurement of the business. Measurement, analysis and...
-
Reserving Actuarial Intern
1 month ago
Singapore Zurich 56 Company Ltd Full timeReserving Actuarial Intern The Opportunity: Here in Zurich Singapore, we provide interns with the opportunity to explore the actuarial reserving career path. Interns will be assigned to support the team in financial reporting deliverables, process improvements, ad hoc projects, and more. They will be well positioned to lead automation projects and interact...
-
Actuarial Executive
1 week ago
Singapore INCOME INSURANCE LIMITED Full timeRoles & ResponsibilitiesIncome’s Actuarial team aims to create exponential value and cultivates a dynamic learning culture. We are a strong partner with other departments to transform and innovate the delivery of simple, honest and customer-focused insurance solutions. You will be an integral member of the Actuarial General Insurance Team who will work in...
-
Actuarial Executive
1 week ago
Singapore INCOME INSURANCE LIMITED Full timeRoles & ResponsibilitiesIncome’s Actuarial team aims to create exponential value and cultivates a dynamic learning culture. We are a strong partner with other departments to transform and innovate the delivery of simple, honest and customer-focused insurance solutions. You will be an integral member of the Actuarial General Insurance Team who will work in...
-
Team leader portfolio manager operations
2 months ago
Singapore SCOR Group Full timeJob Description The Team Leader Portfolio Manager Operations is in charge of her/his team and oversees the administration of insurance and/or reinsurance accounts and contracts (Facultative), from establishing and maintaining contractual data, processing the insurance and/or reinsurance account bookings, claims handling and managing the related cash flow....
-
Singapore SCOR SERVICES ASIA-PACIFIC PTE. LTD. Full timeThe Junior Nat Cat Pricer analyses and prices P&C reinsurance treaty business for assigned markets and lines of business. The role also participates in developing, cultivating and maintaining the Pricing & Modelling community, driving innovation and fostering a culture of service through various projects. This role supports the Cat Manager with ensuring...
-
Senior Life Reserving Actuary
4 weeks ago
Singapore Gravitas Recruitment Group Full timeWe are seeking a highly experienced Senior Life Reserving Actuary to join our team in Singapore or Korea.About the RoleThis is an exceptional opportunity for a skilled professional to specialize in life reserving and reinsurance, working on IFRS4, IFRS17, and Solvency 2 for the North Asia market (Korea and Japan).Perform actuarial production and review...