Actuarial Support Analyst, P&C/ Actuarial Analyst, P&C

3 days ago


Singapore Zurich 56 Company Ltd Full time

Actuarial Support Analyst, P&C/ Actuarial Analyst, P&C
Job Summary
As a P&C actuarial support analyst/ actuarial analyst in Zurich Insurance, you will be involved in supporting the reserve valuation on different bases including IFRS17, support in business planning, capital management processes, and providing support to the chief reserving actuary including insights into risks, underlying performance & implications for the business.
Key Accountabilities
Support in evaluating insurance technical liabilities on a quarterly basis for management and regulatory reporting for both IFRS4 & IFRS17 bases as well as formal submission of actuarial investigation report and actuarial-focused returns for financial year-ends. This includes, but is not limited to, compiling & categorizing data, performing data validation, conducting analyses & experience investigations, deriving the reserving components (such as discounting and risk adjustment), and verifying factors & assumptions used in computations to ensure robust output.
Uphold the internal Zurich reserving & financial reporting processes, standards, and guidelines and ensure consistency and compliance with Group, Regional, and Local regulatory & statutory policies.
Assist in assessing the company’s financial condition (i.e. solvency assessment, Own Risk Solvency Assessment (ORSA) & Industry Wide Stress Test (IWST) process), under economic & business conditions as prescribed by the regulator.
Support in Plan/ forecast loss ratio, including enhancing operational processes to improve the quality, transparency, and timeliness of the loss ratio planning / forecasting on IFRS17 basis as well as the reconciliation of views on profitability between reserving and pricing actuarial.
Contribute to business performance monitoring meetings by collaborating with different functions such as Data & Digital, Pricing & Financial Planning & Analysis, providing insights on trends & developments and communicate key uncertainties & issues.
Inculcate a sense of team spirit, teamwork, and inter-team collaboration.
Support Finance, Underwriting, Pricing, Claims, Risk, and other functions on reserving, business initiatives & projects, and strategic business decisions as relevant.
Job Qualifications
We are open to fresh graduates as well as candidates with 2-3 years of general insurance actuarial experience. We will also consider candidates with relevant experience in fields such as finance, risk management, or data analytics.
A bachelor's degree in actuarial science, mathematics, statistics, economics, or a related field.
Progressing towards professional actuarial qualifications with recognized actuarial body such as IFoA, SOA, IAA, or CAS.
Familiarity with commonly used software in the industry (e.g. ResQ and SAP) & programming languages (e.g. RStudio, SQL, VBA, and Power BI) is a plus.
Knowledge in Actuarial Pricing and Accounting is a plus.
Good understanding of actuarial concepts including reserving.
Strong analytical and problem-solving skills.
Good communication skills are important as you will be required to explain complex actuarial concepts to non-actuarial stakeholders.
Good time management skills, and able to manage multiple concurrent projects efficiently.
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