Current jobs related to Reserving Actuary - Singapore - SCOR

  • Reserving Actuary

    2 weeks ago

    Singapore SCOR SERVICES ASIA-PACIFIC PTE. LTD. Full time

    **Job 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...

  • Reserving Actuary

    3 days ago

    Singapore SCOR Full time

    Reserving Actuary **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...

  • Reserving Actuary

    2 weeks ago

    Singapore SCOR SERVICES ASIA-PACIFIC PTE. LTD. Full time

    **Job 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,...

  • Reserving Actuary

    6 days ago

    Singapore SCOR Full time

    **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...

  • Actuary - Life Reserving

    2 days ago

    Singapore Gravitas Recruitment Group Full time

    My client is looking for a highly motivated Life Reserving Actuary specialising in the Korea market to be based in Singapore. **What you'll be doing** - Perform actuarial production and review support for IFRS4, IFRS17, and Solvency 2 for North Asia (Korea and Japan) market - Develop and implement methodologies for calculating reserves. - Monitor trends in...

  • Apac Reserving Actuary

    5 hours ago

    Singapore AIG APAC HOLDINGS PTE. LTD. Full time

    **Who we are** American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse...

  • Regional Reserving Actuary

    2 days ago

    Singapore Munich Re Full time

    **Regional Reserving Actuary (P&C)**: Career Level 3 / 4 **Location** Singapore, Singapore We are seeking an exceptional Property & Casualty nearly/newly qualified actuary to join our Regional CFO team as Regional Reserving Actuary for P&C business. Based out of our regional hub in Singapore, this role reports to the Regional Head of Reserving, and will...

  • Senior Valuation Actuary, L&h Reserving, Apac

    6 days ago

    Singapore SCOR Full time

    Senior Valuation Actuary, L&H Reserving, APAC **Job Summary** As Senior Actuary, APAC L&H Reserving, you will be responsible for supporting L&H group reserving activities (covering IFRS4, IFRS17, and Solvency II) as well as Singapore statutory reporting. You will also support in the annual assumption update process for L&H business in Asia Pacific,...

  • Apac Regional Reserving Actuary

    2 weeks ago

    Singapore AIG Full time

    Who we are American International Group, Inc. (AIG) is a leading global insurance organization. Building on 100 years of experience, today AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in more than 80 countries and jurisdictions. These diverse...

  • Senior Valuation Actuary, L&h Reserving, Apac

    1 week ago

    Singapore SCOR Full time

    **Job Summary** As Senior Actuary, APAC L&H Reserving, you will be responsible for supporting L&H group reserving activities (covering IFRS4, IFRS17, and Solvency II) as well as Singapore statutory reporting. You will also support in the annual assumption update process for L&H business in Asia Pacific, reviewing the experience analysis and setting best...

Reserving Actuary

2 weeks ago

Singapore SCOR Full time

**Job 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, and User Acceptance Testing of actuarial model changes.

You will have the opportunity to liaise with colleagues across the SCOR group, explaining the results to our stakeholders. You will also have the opportunity to participate in strategic projects.

**About the Department: APAC Actuarial**

The APAC Actuarial team is based in SCOR’s offices in Singapore, Sydney, Beijing and Seoul, and covers both Life & Health and Property & Casualty business. 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 for Asia Pacific.

**Key duties and responsibilities**

**Valuation & Closing Process**
- Review and production support of the IFRS 4, IFRS 17 and Solvency II for the North Asia market
- Liaise with local Technical Accounting team to produce IFRS result
- Respond to the external actuarial audit process for North Asia and relationships with local auditors on actuarial topics
- Liaise with IT to streamline and automate valuation process
- Assist in drafting actuarial valuation reports for IFRS and solvency II for North Asia market
- Perform the annual/half yearly Analysis of Change process on SII and IFRS17 results
- Prepare the quarterly settlement statements for Covea retrocession, and assist in creating a longer-term solution to automate this process
- Standardise and continuously improve reserving processes, analysis and controls.
- Check & review others work as part of the ‘do, check, review’ process

**Modelling**
- Assist with quarterly Prophet User Acceptance Testing
- Propose improvements on tools and methodology
- Update the Best Estimate assumptions and other parameters in the Prophet model
- Contribute to group/global projects
- Assist the North Asia market’s contribution to the SCOR Group IFRS17 project, including:

- Testing and dry run activities
- Prophet model process enhancements
- Communicating with global stakeholders to keep up with progress developments

**Experience**:

- Nearly or newly qualified actuary (FSA, FIA, FIAA, or equivalent)
- 6 to 11 years relevant experience in a insurance/reinsurance business or equivalent capabilities
- Experience of experience analysis and best estimate assumption setting
- Experience of reserving/valuation - Best estimate liability valuation, and/or IFRS 17 and Solvency II experience preferred
- Experience of producing and checking future cash flows using actuarial software preferably with Prophet.
- Experience of reviewing others work and managing tasks independently

**Personal Competences**:

- Applicants must have native-level proficiency in Korean as the role requires you to work with 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, including experiences in Prophet, SQL, Python and Excel VBA
- Excellent communication and interpersonal skills

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.