Head of Gi Actuarial and Data Analytics

Established in Asia in 2013, FWD is the insurance business of investment group, Pacific Century Group, and spans Hong Kong & Macau, Thailand, Indonesia, the Philippines, Singapore, Vietnam, Japan and Malaysia, offering life and medical insurance, general insurance, employee benefits, Shariah and Family Takaful products across a number of its markets.

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

Similarly, if you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

Define and set the actuarial and data analytics vision and strategy. Deliver the strategy by creating and developing enablers including people, processes and technology. Promote and create a data-driven culture to embed data and analysis into the business decision making process.

KEY ACCOUNTAIBILITIES

Actuarial- Involved in the strategic direction of the GI portfolio from business planning, product initiatives, partnerships, marketing and cost efficiencies- Manage the valuation and pricing of the GI portfolio, including:
- Providing inputs and / or insights to key stakeholders for regulatory, management reporting, Group Office reporting-
- Ensuring the data quality of GI actuarial data needs-
- Liaising with Group Actuarial and local teams for Product Approval Requirement-
- Lead portfolio monitoring, analysis and presentation to Product Management Committee and collaborate with other functions to implement decisions- Drive the negotiation and placement of reinsurance contracts. Review quarterly RI bordereaux, statement of accounts, RI premiums

Data Analytics- Define the Data Analytics vision and strategy across people, process and technology to grow the company’s use of data in its decision making- Develop Advanced Analytics capabilities that can be integrated and deliver value into the business, and future proof the team’s technical and personal capabilities- Drive Data Governance in the company, including selecting the right tool / software and target operating model and stakeholder management- Lead the Data Analytics in the engagement with other functions to make information available for reporting, business monitoring and analytics

QUALIFICATIONS / EXPERIENCE- Bachelor’s Degree with 8-10 years of General Insurance experience- Experience of working with Personal Lines underwriters and pricing tools- Experience with defining and setting data strategy in an insurance context- Experience in building AI / ML operations from a people, technology and process point of view

KNOWLEDGE, SKILLS & ABILITY- Proficient with Excel and VBA; Working knowledge of SQL, Access, AWS, Python and / or Sagemaker- Genuine interest in the use of technology to solve business problems- Innovator and keeping up with new technology- Energetic self-starter with the ability to work and influence at all levels of the organization- Strong communication skills with the ability to explain Actuarial concepts in simple terms- Ability & experience to lead a medium sized team (5-10 people)