Project Actuary, Asia role from a Life Reinsurer (Singapore)
The Role
Our client is now looking to hire an Actuary within the Asia Pricing – Project team.
The department has migrated their core actuarial models and processes from MoSes and Excel to a new high-performance modelling platform. They are looking for candidate with keen interest in modelling and problem solving. Successful candidate will take on the ownership to improve all aspects of the actuarial systems workflow, including calculation accuracy and process automation. You will work closely with the actuarial system developer in the design, implementation and testing of process, modelling and infrastructure improvements.
In addition, you will be involved in pricing functional activities including building on the company’s pricing methodologies and advancement of the company’s pricing process through supporting division-wide projects and guidance.
Duties
Support the development and maintenance of a robust set of actuarial modelling tools and processes.
Key tasks include:
- Liaise with internal stakeholders including Pricing, Corporate Actuarial and Actuarial Systems Team to suggest enhancement to aid modelling efficiency, accuracy and consistency.
- Represent Pricing in relevant internal projects that affect current modelling process.
- Stay abreast of developments in pricing and capital methodology and support implementation of these into the modelling tools.
- Review user requirement document & guide junior team member to perform local changes and test changes made by actuarial system developer.
- Review go-live documentation, user guides and excel regression model.
Support the delivery of improvements to methodology, processes, and documentation to enhance pricing capability:
- Support the implementation of division wide methodologies.
- Ensure consistency of pricing processes and that systems are appropriately robust and in line with the company supported infrastructure.
- Facilitate and provide consolidated view from Asia Pricing teams on division wide projects.
Provide ad-hoc support to quote team, for example:
- Perform analysis to monitor experience as part of inforce treaties rate review.
- Review and maintenance of pricing tools and methodologies.
Qualifications & Experience
- Qualified Actuary (IFoA, SOA or IOAA)
- At least 5 years of working experience in a Modelling, Pricing or Corporate Actuarial role with demonstrable interest in actuarial modelling and coding experience, e.g. SQL, C++, Python or VBA.
- Experience of using Prophet, MoSes, RiskAgility FM, Tyche or similar modelling platforms, including an understanding of the benefits and limitations of such platforms.
- Good analytical skills and a demonstrable ability to plan, prioritise workloads and deliver tasks on time.
- Ability to be forward-looking and design solutions that are versatile to address future needs.
- Excellent written and verbal communication skills, and the ability to build and manage relationships with stakeholders in Actuarial and non-Actuarial teams.
- Advanced understanding of Microsoft Excel and Word.