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Actuarial Support Analyst, P&C/ Actuarial Analyst, P&C
Salary undisclosed
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- Support in evaluating insurance technical liabilities on a quarterly basis for management and regulatory reporting for both IFRS4 & IFRS17 bases as well as formal submission of actuarial investigation report and actuarial-focused returns for financial year-ends. This includes, but not limited to, compiling & categorizing data, performing data validation, conducting analyses & experience investigations, deriving the reserving components (such as discounting and risk adjustment) and verifying factors & assumptions used in computations to ensure robust output.
- Uphold the internal Zurich reserving & financial reporting processes, standards and guidelines and ensure consistency and compliance with Group, Regional, and Local regulatory & statutory policies.
- Assist in assessing the company's financial condition (i.e. solvency assessment, Own Risk Solvency Assessment (ORSA) & Industry Wide Stress Test (IWST) process), under economic & business conditions as prescribed by the regulator.
- Support in Plan/ forecast loss ratio, including enhancing operational processes to improve the quality, transparency and timeliness of the loss ratio planning / forecasting on IFRS17 basis as well as the reconciliation of views on profitability between reserving and pricing actuarial.
- Contribute to business performance monitoring meetings by collaborating with different functions such as Data & Digital, Pricing & Financial Planning & Analysis etc, providing insights on trends & developments and communicate key uncertainties & issues.
- Inculcate a sense of team spirit, teamwork and inter-team collaboration.
- Support Finance, Underwriting, Pricing, Claims, Risk and other functions on reserving, business initiative & projects and strategic business decisions as relevant.
- We are open to fresh graduates as well as candidates with 2-3 years of general insurance actuarial experience. We will also consider candidates with relevant experience in fields such as finance, risk management or data analytics
- A bachelor's degree in actuarial science, mathematics, statistics, economics, or a related field
- Progressing towards professional actuarial qualifications with recognized actuarial body such as IFoA, SOA, IAA or CAS
- Familiarity with the commonly used software in the industry (e.g. ResQ and SAP) & programming languages (e.g. RStudio, SQL, VBA and Power BI) is a plus.
- Knowledge in Actuarial Pricing and Accounting is a plus
- Good understanding of actuarial concepts including reserving.
- Strong analytical and problem-solving skills
- Good communication skills are important as you will be required to explain complex actuarial concepts to non-actuarial stakeholders.
- Good time management skills, and able to manage multiple concurrent projects efficiently.
- Location(s): [[Singapore]]
- Remote working: [[Hybrid Working Model]]
- Recruiter name: [[Sharon Nichelle Wang]]
- Support in evaluating insurance technical liabilities on a quarterly basis for management and regulatory reporting for both IFRS4 & IFRS17 bases as well as formal submission of actuarial investigation report and actuarial-focused returns for financial year-ends. This includes, but not limited to, compiling & categorizing data, performing data validation, conducting analyses & experience investigations, deriving the reserving components (such as discounting and risk adjustment) and verifying factors & assumptions used in computations to ensure robust output.
- Uphold the internal Zurich reserving & financial reporting processes, standards and guidelines and ensure consistency and compliance with Group, Regional, and Local regulatory & statutory policies.
- Assist in assessing the company's financial condition (i.e. solvency assessment, Own Risk Solvency Assessment (ORSA) & Industry Wide Stress Test (IWST) process), under economic & business conditions as prescribed by the regulator.
- Support in Plan/ forecast loss ratio, including enhancing operational processes to improve the quality, transparency and timeliness of the loss ratio planning / forecasting on IFRS17 basis as well as the reconciliation of views on profitability between reserving and pricing actuarial.
- Contribute to business performance monitoring meetings by collaborating with different functions such as Data & Digital, Pricing & Financial Planning & Analysis etc, providing insights on trends & developments and communicate key uncertainties & issues.
- Inculcate a sense of team spirit, teamwork and inter-team collaboration.
- Support Finance, Underwriting, Pricing, Claims, Risk and other functions on reserving, business initiative & projects and strategic business decisions as relevant.
- We are open to fresh graduates as well as candidates with 2-3 years of general insurance actuarial experience. We will also consider candidates with relevant experience in fields such as finance, risk management or data analytics
- A bachelor's degree in actuarial science, mathematics, statistics, economics, or a related field
- Progressing towards professional actuarial qualifications with recognized actuarial body such as IFoA, SOA, IAA or CAS
- Familiarity with the commonly used software in the industry (e.g. ResQ and SAP) & programming languages (e.g. RStudio, SQL, VBA and Power BI) is a plus.
- Knowledge in Actuarial Pricing and Accounting is a plus
- Good understanding of actuarial concepts including reserving.
- Strong analytical and problem-solving skills
- Good communication skills are important as you will be required to explain complex actuarial concepts to non-actuarial stakeholders.
- Good time management skills, and able to manage multiple concurrent projects efficiently.
- Location(s): [[Singapore]]
- Remote working: [[Hybrid Working Model]]
- Recruiter name: [[Sharon Nichelle Wang]]