Job Listing

About the Job
We are seeking a motivated and aspiring actuary to join our Accident & Health (A&H) actuarial team. You will be part of a dynamic team of actuaries managing the Group Insurance and A&H portfolio, supporting A&H business initiatives and delivering data-driven insights to achieve overall business objectives. This role offers a unique opportunity to gain hands-on experience in product pricing, product development, monitoring of products performance and providing actuarial support to actuarial valuation team and A&H business teams, within the Integrated Shield health insurance space.

Product pricing and data analysis, by developing and enhancing in-house statistical capability, which includes:
- Design and develop pricing models that meet internal and regulatory requirement.
- Design and perform data analysis with the aim of providing actionable insights, as well as setting pricing assumptions.
- Assist the Company in driving the A&H business through periodic profitability study, experience analysis and portfolio performance analysis.
- Assist in the financial management of the business, including reinsurance program review.
- Support business units in achieving their key performance indicators, such as generating relevant reports for monitoring and tracking purposes.

Collaborate with internal/ external stakeholders to price and develop A&H products, particularly Integrated Shield Plan. This includes:
- Collaborating with internal stakeholders on the design and pricing of the products.
- Work closely with underwriters and claims managers to integrate new product features and improvement in processes into their day to day operational activities.
- Provide technical support on business decisions, such as marketing, underwriting, claims management and system development.

Support A&H reserving and financial reporting processes, which includes:
- Assist in the preparation of A&H actuarial reserves and financial reporting under local and international standards (ie. RBC2, IFRS17).
- Support the development and maintenance of valuation models, relevant coding and assumption setting.
- Collaborate with finance and actuarial valuation teams to ensure consistency and accuracy in actuarial inputs, through close reconciliation between actuarial and finance key figures.

We are looking for people who
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
- A near qualified Actuary.
- 4 years or above in relevant actuarial roles.
- Candidates who have passed IFoA SP1/SA1, or SOA GH101/GH301, or IAA General Insurance and Health specialisation, or CAS Exam 5, or are actively pursuing actuarial certification, will be given priority consideration.
- Experience working closely with underwriting, claims and product developers.
- Experience in project management and presenting financials to management.
- In depth knowledge of GI, Group, A&H insurance products and actuarial practice.
- Excellent in statistical analysis, problem solving and communication skills.
- Proficient in MS Excel.
- Good knowledge of statistical packages and strong interest in programming (e.g. SAS, SQL, VBA, Prophet).
- Familiar with IP Shield, General Insurance products, reinsurance structures, AS400 system data structure, RBC2, IFRS17 and Prophet programming will be an advantage.