Valuation Actuary
4 days ago
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. Using its experience and expertise, 'œ The Art & Science of Risk ', SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk '“ in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.
Job Summary
This position requires performing financial valuation and reporting for SCOR Global Life Asia Pacific entities on IFRS, Solvency 2 and Local Statutory basis. The role also involves analysing and presenting the financial results to various stakeholders (SCOR head office, local management team, local auditors and local regulators). This role is a 12 months contract position.
Key duties and responsibilities
Produce cashflows, reserves, DAC and VOBA on quarterly basis for IFRS, Solvency 2 and Local Statutory reporting basis in accordance to company guidelines.
Analyze and explain financial results and variance to senior management.
Communicate with auditors / regulators with respect to methodology and results explanation.
Assist in other reporting activities and ad hoc projects e.g. Business Planning exercises, IFRS 17 etc.
Assist in maintenance / enhancement of working tools and initiatives to streamline the existing valuation process.
Required experience & competencies
**Experience**:
Good understanding in financial reporting and valuation
Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint) and Prophet software.
**Personal Competences**:
Detail-oriented with strong organizational, interpersonal and communication skills
Excellent technical, analytical and problem-solving skills
Self-motivated and positive working attitude
Demonstrate ability to solve problems and work independently
Required Education
Good progress with actuarial exams with one of the following actuarial associations - Society of Actuaries, Institute or Faculty of Actuaries, Institute of Actuaries of Australia
Graduates welcome
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