Head of Inforce Management
5 days ago
The Head of Inforce Management, South Asia will be responsible for overseeing the management of the inforce portfolio for South Asia. He/she will be responsible to formulate strategies, develop frameworks, and implement changes on areas including database management and governance, experience analysis activities to support the Valuation and / or Pricing renewal functions, tracking and monitoring on treaty level performance, where possible, initiate and drive in-force management actions with the local markets.
This role requires strategic mindset, strong leadership skills as well as ability to work collaboratively with cross-functional teams to achieve business goals.
- Work with Deputy Head of South Asia to formulate strategies, develop and maintain an inforce management framework for South Asia
- Act as a lead on database management across South Asia; participate and lead global data transformation projects on behalf of South Asia; ensure compliance on data governance processes
- Drive and manage good quality and in-depth experience analysis activities across all lines of business across South Asia to support the valuation assumption review process and the pricing renewal functions
- Tracking and monitoring on the treaty level business performance; identify key drivers to emerging experience, in particular, on areas of under-performance, where possible, initiate and drive in-force management actions with the local markets
- Communicate utilizing collaboration and influence with key business partners (e.g. business developments, pricing, valuation and finance); present findings and recommendations that maximize knowledge transfer and growth for South Asia as a whole
- Advise senior management on current and emerging industry trends; Recommend best practices on in-force management
- Participate in the Inforce Management, Experience Analysis, and other related knowledge communities to maximize learnings and knowledge transfers with other macro markets
- Represent South Asia as a team lead to support global Inforce Management and related projects
- Proactively seek out opportunities to innovate and develop new processes, procedures and solutions considering corporate impact and consequences of recommendations
- Stay abreast of latest developments in actuarial techniques, applicable laws and regulations, and perform feasibility analysis on potential adoption to enhance operational efficiency
- Advocate performance measurement and build a performance culture
**Experience**:
- Minimum 10 years of relevant working experience in insurance/reinsurance fields
- Good exposure in financial reporting and valuation and/or pricing
- Knowledge and experience of IFRS 17, and/or Solvency II framework (or its equivalent) is a plus
- Adept in using Microsoft Office (e.g. Word, Excel, Access, Powerpoint) and statistical/actuarial software (e.g. SQL, SAS, R, Prophet, Python, Tableau)
**Personal Competences**:
- Strong organizational and project management skills, with the ability to prioritize and manage multiple initiatives simultaneously
- Excellent written and verbal communication and presentation skills, with the ability to influence and persuade senior leaders
- Self-motivated and dedicated to meeting the expectations of internal and external customers
- Strong analytical skills and ability to use data to inform decision making
- Experience with GLM will be a plus.
**Managerial competences**:
- Proven ability to lead and develop a high-performing team
- Support the growth and development needs of the team
**Required Education**:
- Qualified Actuary (A Fellowship qualification with one of the following actuarial associations - Society of Actuaries, Institute or Faculty of Actuaries, Institute of Actuaries of Australia)
SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk - from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.
In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.
At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are
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