19 Actuarial Analyst jobs in Singapore

At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.

It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you're not just safeguarding AIA's financial wellbeing. You're securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on.

About the Role

Responsible for providing financial projections, analysis and assessments, and business insights pertaining to the Embedded Value and Value of New Business reporting.

EV / VONB Reporting (60%)

• Help to manage regular EV / VONB reporting process
• Ensure that adequate controls and checks are performed, and that these controls meet internal and external audit requirements
• Ensure the timeliness and accuracy of submissions

Prophet Modelling (30%)

• Perform / review the codings of new products into Prophet and ensure consistency with Pricing
• Review modelling enhancements and impact analysis and conduct reasonableness checks on the impact
• Review the consolidation of model changes in the master model and perform impact testing on the master model
• Ensure proper documentation for all model changes

Strategic planning and projects (10%)

• Support the annual strategic planning exercise, including the enhancement of models for the budget exercise, and preparation of management reports / presentations
• Support company projects and initiatives from an EV perspective

Believe in better with AIA. If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

Job Title:  Actuarial Analyst

Job Duration: 12 months contract with a possibility to extend or to go perm

Morgan McKinley is seeking an Actuarial Analyst for a 12 month contract assignment with a possibility to extend or to go perm

Key Responsibilities:

• Assist in the production of regulatory stress tests, ensuring compliance with all relevant requirements.
• Support capital and dividend analysis for the FRP and GIST, delivering insights that inform strategic decision-making.
• Contribute to the economic capital production processes, providing analytical support and accurate reporting.
• Collaborate with cross-functional teams to ensure the accuracy and integrity of actuarial models and analyses.
• Document methodologies, assumptions, and results, contributing to internal reports and presentations.

Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related field.
• 2 to 4 years of relevant work experience in actuarial analysis or a similar role.
• Strong knowledge of regulatory frameworks, capital analysis, and stress testing methodologies.
• Proficiency in actuarial software and MS Excel; familiarity with programming languages (e.g., Python, R) is a plus.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and collaboratively in a fast-paced environment.

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Morgan McKinley Pte Ltd
Koh Boon Sien
EA Licence No: 11C5502
EA Registration No. R

**At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.***It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.***If that interests you, read on.***About the Role**Responsible for providing financial projections, analysis and assessments, and business insights pertaining to the Embedded Value and Value of New Business reporting.**EV / VONB Reporting (60%)*** Help to manage regular EV / VONB reporting process* Ensure that adequate controls and checks are performed, and that these controls meet internal and external audit requirements* Ensure the timeliness and accuracy of submissions**Prophet Modelling (30%)*** Perform / review the codings of new products into Prophet and ensure consistency with Pricing* Review modelling enhancements and impact analysis and conduct reasonableness checks on the impact* Review the consolidation of model changes in the master model and perform impact testing on the master model* Ensure proper documentation for all model changes**Strategic planning and projects (10%)*** Support the annual strategic planning exercise, including the enhancement of models for the budget exercise, and preparation of management reports / presentations* Support company projects and initiatives from an EV perspective**Believe in better with AIA.** If you work at AIA, you play an important part in this movement. Which is why we give you every opportunity to learn, grow and shape your career - your way! #LI-SF1*Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.**You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.*
#J-18808-Ljbffr

Position Objective:

Responsible for providing financial projections, analysis and assessments, and business insights pertaining to the Embedded Value and Value of New Business reporting.

Roles and Responsibilities:

EV / VONB Reporting (60%)

• Help to manage regular EV / VONB reporting process

• Ensure that adequate controls and checks are performed, and that these controls meet internal and external audit requirements

• Ensure the timeliness and accuracy of submissions

Prophet Modelling (30%)

• Perform / review the codings of new products into Prophet and ensure consistency with Pricing

• Review modelling enhancements and impact analysis and conduct reasonableness checks on the impact

• Review the consolidation of model changes in the master model and perform impact testing on the master model

• Ensure proper documentation for all model changes

Strategic planning and projects (10%)

• Support the annual strategic planning exercise, including the enhancement of models for the budget exercise, and preparation of management reports / presentations

• Support company projects and initiatives from an EV perspective

Minimum Job Requirements:

• Education – University graduate (Major in Actuarial Science / Mathematics)

• Experience – 2 to 4 years of life insurance related actuarial working experience

• Certifications/licenses – Progression (or intended) in actuarial examinations.

• Special skills – Proficient in Prophet

This global reinsurer continues to invest and grow in the region. It is now recruiting an Actuarial Analyst (IFRS) in Singapore.

Responsibilities

Reporting to Reserving Actuary, you are a member of the Property & Casualty team and responsible for the calculation of reserves. You will conduct reserving studies and benchmarks to develop market driven reserving bases. You are required to support all actuarial components of IFRS reporting, including input validation, analysis and explanation of results. You will also collaborate with the regional and global teams on strategic initiatives and projects.

Requirements

A qualified actuary, you will possess at least 2 years of relevant experience in either property & casualty (P&C) or life & health (L&H) in insurance and reinsurance. Knowledge of IFRS or statutory reporting requirements is preferred. With strong communication and interpersonal skills, you are highly commercial, independent, a strong team player and comfortable operating in a fast-paced environment.

To Apply

Please submit your resume to Er Hann at quoting the job title and reference number EH34260. Due to the high volume of responses, only shortlisted candidates are notified.

Licence No: 16S8060

Registration No: R

At AIG, we are reimagining the way we help customers to manage risk. Join us as a Senior Actuarial Analyst to play your part in that transformation. It's an opportunity to grow your skills and experience as a valued member of the team.

Make your mark in Actuarial

Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG's major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.

How you will create an impact

The Senior Actuarial Analyst will be a key member in APAC Personal Lines Pricing and Portfolio Management team, working closely with local and regional business, underwriting team on strategic initiatives to achieve profitable growth and business goals. You will be a "go-to" source for help and support because of your deep technical knowledge and expertise. As an experienced team member, you are expected to drive continual improvement and impacting the way that things get done. Your key responsibilities and accountabilities include:

• Deliver actuarially sounded pricing analysis for new business opportunities, rate reviews, rate change recommendation and impact analysis of the existing business in a timely manner
• Develop, maintain and ensure raters are up to date with latest assumptions, and continuously improve the functionalities that would increase efficiency and turnaround time for underwriters
• Maintain robust portfolio management and monitoring of rate levels, rate changes and rate adequacy
• Proactively engage with the underwriters and business team sharing and discussing insights and findings from the analysis, with recommendations on rate or underwriting actions to improve profitability
• Collaborate with local and regional Product, Claims, Finance, Underwriting, IT and Data Analytics functions to ensure data used for pricing and monitoring is complete, accurate, adequate and timely
• Carry out loss ratio and lapse analysis for business sold through direct marketing to determine appropriate assumptions used for campaign approval and monitoring
• Support profit studies and development of budget loss ratios for assigned countries and segments
• Peer review and collaborate with reserving actuary in annual detailed valuation review
• Comply with key regulatory and risk management procedures, as well as audit requirements

What you'll need to succeed

• Candidates with strong actuarial experience, preferably in pricing and portfolio management of personal lines business including but not limited to Accident & Health, Auto and Home insurance
• Working experience in the insurance industry
• Proven proficiency in actuarial concepts and methodologies with strong analytical and problem-solving skills and thorough understanding of general insurance including underwriting policies, claims handling policies and local legislation
• Possess strong GLM technical modelling skills using software such as Radar or Emblem, and data management using SQL, Tableau or Power BI
• Ability and willingness to pick up coding, programming languages and database skills
• Ability to manage tight deadlines, priorities and handle multiple tasks simultaneous
• Excellent communication both written and verbal, presentation, and interpersonal skills
• Highly motivated, strong attention to details, willingness to learn and adapt in a dynamic and fast changing environment

Ready to take your career to the next level? We would love to hear from you.

Qualifications
Bachelors degree in Actuarial or Business Science
At least 6 actuarial exams
At least three years of work experience
Intermediate knowledge of reserving
Understanding of life actuarial modelling
Some life insurance product knowledge
Strong communication and interpersonal skills
Ability to work under pressure
Responsibilities
Work closely with the local team lead and the modelling team in Singapore to set up the Valua‐tion model locally.
Assist with Model and Assumption Updates
Assist valuation team with quarterly valuation production runs
Ad hoc investigations into new business assumptions and profitability analyses
Regular maintenance and spot checking exercises
#J-18808-Ljbffr

Company

Munich Re

Location

Singapore , Singapore

The Munich Re LH2 Regional Structured Solutions team is a dynamic and high-performing team renowned for designing and delivering bespoke non-traditional reinsurance solutions (financial reinsurance) tailored to the unique needs of clients across the Asia Pacific, Middle East, and Africa regions. We are looking for an Actuarial Analyst to take on a pivotal role in the in-force management of financial reinsurance within these regions.

This position offers an exciting opportunity to advance your actuarial career by mastering the complexities of financial reinsurance. While collaborating with diverse stakeholders, you will apply your technical expertise in data management, monitoring, and valuation to ensure seamless in-force management operations of LH2 financial reinsurance. Beyond technical excellence, this role allows you to develop a well-rounded skillset by enhancing your communication, stakeholder management, and project leadership abilities. Join us in a fast-paced, results-oriented environment where you can make a meaningful impact and thrive as part of a global leader in financial reinsurance.

Your Role

Data management

• Collaborate with Structured Solutions local teams to ensure accurate and timely receipt of client data for in-force management of LH2 financial reinsurance
• Conduct timely checks and analysis to ensure data integrity and reasonableness

Monitoring

• Support the monitoring and performance analysis of LH2 financial reinsurance, identifying trends and opportunities for optimization
• Prepare regular monitoring reports with actionable insights to support informed decision-making by management

Valuation and Reporting

• Collaborate with valuation teams, accounting teams, Structured Solutions local teams and central units to deliver inputs for quarterly and annual reporting under Solvency II, IFRS, and local statutory reporting frameworks for LH2 financial reinsurance
• Identify keys areas of improvement, streamline and automate processes for valuation and reporting processes

Infrastructure Management

• Support the design, maintenance, and enhancement (including automation) of the monitoring and reporting infrastructures
• Support in ensuring that guidelines, standards, frameworks, tools, and templates for in force management of LH2 financial reinsurance are up-to-date and well-documented

Deal Support

• Provide analytical and technical support for the structuring, pricing, risk analysis, approval and execution of new or modified financial reinsurance

Your Profile

• Between 1 to 3 years of actuarial experience in direct insurance, reinsurance, or consulting
• Fellow or good progress towards qualification with a recognised actuarial body (FSA, FIA, FIAA, or equivalent)
• Strong technical and analytical skills, logical and concise in approach and demonstrate attention to detail
• Highly motivated self-starter with a strong sense of team ethics
• Proficiency in data processing and database structuring tools such as Power BI, MS excel (can perform complex functions), and SQL
• Knowledge of Python is an advantage

Our Benefits

• Flexible and hybrid working arrangement
• Generous annual leave allowance
• Comprehensive dental, life and health insurance coverage

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us

Actuarial Analyst, Structured Solutions

Company

Munich Re

Location

Singapore
, Singapore

The Munich Re LH2 Regional Structured Solutions team is a dynamic and high-performing team renowned for designing and delivering bespoke non-traditional reinsurance solutions (financial reinsurance) tailored to the unique needs of clients across the Asia Pacific, Middle East, and Africa regions. We are looking for an Actuarial Analyst to take on a pivotal role in the in-force management of financial reinsurance within these regions.

This position offers an exciting opportunity to advance your actuarial career by mastering the complexities of financial reinsurance. While collaborating with diverse stakeholders, you will apply your technical expertise in data management, monitoring, and valuation to ensure seamless in-force management operations of LH2 financial reinsurance. Beyond technical excellence, this role allows you to develop a well-rounded skillset by enhancing your communication, stakeholder management, and project leadership abilities. Join us in a fast-paced, results-oriented environment where you can make a meaningful impact and thrive as part of a global leader in financial reinsurance.

Your Role

Data management

• Collaborate with Structured Solutions local teams to ensure accurate and timely receipt of client data for in-force management of LH2 financial reinsurance
• Conduct timely checks and analysis to ensure data integrity and reasonableness

Monitoring

• Support the monitoring and performance analysis of LH2 financial reinsurance, identifying trends and opportunities for optimization
• Prepare regular monitoring reports with actionable insights to support informed decision-making by management

Valuation and Reporting

• Collaborate with valuation teams, accounting teams, Structured Solutions local teams and central units to deliver inputs for quarterly and annual reporting under Solvency II, IFRS, and local statutory reporting frameworks for LH2 financial reinsurance
• Identify keys areas of improvement, streamline and automate processes for valuation and reporting processes

Infrastructure Management

• Support the design, maintenance, and enhancement (including automation)  of the monitoring and reporting infrastructures
• Support in ensuring that guidelines, standards, frameworks, tools, and templates for in force management of LH2 financial reinsurance are up-to-date and well-documented

Deal Support

• Provide analytical and technical support for the structuring, pricing, risk analysis, approval and execution of new or modified financial reinsurance

Your Profile

• Between 1 to 3 years of actuarial experience in direct insurance, reinsurance, or consulting
• Fellow or good progress towards qualification with a recognised actuarial body (FSA, FIA, FIAA, or equivalent)
• Strong technical and analytical skills, logical and concise in approach and demonstrate attention to detail
• Highly motivated self-starter with a strong sense of team ethics
• Proficiency in data processing and database structuring tools such as Power BI, MS excel (can perform complex functions), and SQL
• Knowledge of Python is an advantage

Our Benefits

• Flexible and hybrid working arrangement
• Generous annual leave allowance
• Comprehensive dental, life and health insurance coverage

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experiences, perspectives and thought. This interaction is our foundation. Of our open culture and spirit of partnership. Of how our teams are built and cultivated. Of how we are supported and developed. And at the center of this interaction is each of us

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