Actuarial Assistant Manager

2 weeks ago


Singapore RAFFLES HEALTH INSURANCE PTE. LTD. Full time

Job Summary
The successful candidate will play a pivotal role in the development of commercially viable health insurance customer offerings. This role will primarily be involved in pricing of new business / products and will be working closely with both the Business Sales and Product Development teams.
Job Responsibilities
Conduct monthly reserve valuations for premium and claims liabilities, ensuring accuracy and regulatory compliance (IFRS 17 and IFRS 4 frameworks).
Analyze and present valuation and pricing results to stakeholders, providing data-driven insights to support strategic decision-making.
Perform experience studies including mortality, morbidity, persistency, inflation, and expense analyses.
Maintain, enhance, and develop actuarial models, valuation methodologies, pricing tools, and quotation engines.
Carry out capital management activities such as ORSA exercises, business projections, budgeting, CAR monitoring, and stress testing.
Manage reinsurance arrangements, including treaty management, reinsurance premium processing, recoveries, and facultative reinsurance for new and existing products.
Support system setup and implementation for new product launches.
Prepare and submit MAS regulatory returns, ensuring full compliance with local reporting standards.
Liaise with auditors during annual financial closings to ensure alignment with IFRS 4 and IFRS 17.
Produce and enhance business management information and client reports, focusing on portfolio management and data-driven business insights.
Collaborate with cross-functional stakeholders to implement strategic initiatives and enhance workflows, ensuring data accuracy and appropriateness.
Stay updated with changes in actuarial standards, regulations, and industry best practices to maintain compliance and apply latest methodologies.
Requirements
Actuarial / Mathematics / Statistics Degree
Good progress in the Actuarial professional examinations
3 to 6 years of relevant experience
Excellent knowledge of MS Excel, with basic knowledge of VBA
Good knowledge of Python
Excellent communication and presentation abilities
Meticulous and resourceful individual
Ability to work both independently and collaboratively
Experience in pricing of Group Employee Benefit schemes
We regret to inform that only shortlisted candidates will be notified.
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