Senior Manager, GI Actuarial

Key Responsibilities

• Partner with the CFO to fulfil delegated GI Chief Actuary responsibilities providing strategic direction and leadership in actuarial matters.
• Lead and oversee month-end valuation of insurance liabilities, internal financial reporting, ensuring key movements and deviations from Plan are clearly communicated to senior management and key stakeholders.
• Lead the regular forecasts, business plan and other ad-hoc forecast exercises for GI business, ensuring alignment to overall business strategy.
• Lead MAS reporting and be the key contact person liaising with external Certifying Actuary on actuarial and valuation matters
• Proactively identify and anticipate risks within the GI business, promptly highlighting them to senior stakeholders and recommending mitigation strategies.
• Engage with key functions, such as GI Pricing, Business Intelligence, Underwriting, Finance and Risk to provide insight on performance of products and drive improvements.
• Ensure compliance of actuarial processes and models with internal policies and regulatory requirements.
• Oversee reinsurer selection, regular reinsurance review, annual renewal exercises including approvals
• Provide timely and comprehensive updates on status and outcome to relevant stakeholders
• Stay updated of market changes and/or regulatory changes relating to general insurance, advising the business and senior leaders on potential impacts and opportunities.
• Support GI pricing responsibilities in the absence of the GI Pricing Manager to ensure continuity of business operations.

Qualification & Requirements

QUALIFICATIONS / EXPERIENCE

• Bachelor’s Degree in Actuarial Science. Advanced degrees or professional actuarial qualifications highly desirable.
• Over 10 years of experience in building and implementing models, preferably in the insurance industry.
• In depth knowledge about (i) Singapore RBC and other reporting requirements that general insurers in Singapore have to comply with
• Advanced programming skills: R, Python or SQL is a plus
• Experience in developing and implementing technical cost / demand models or other data science projects
• Demonstrated ability to lead and manage projects and collaborate effectively with cross-functional teams.
• Strong analytical and strategic thinking skills, with the ability to provide actionable insights and recommendations to senior management.

KNOWLEDGE, SKILLS & ABILITY

• Strong business acumen in the GI insurance market
• Excellent communication and presentation skills, with the ability to convey complex actuarial concepts to non-technical stakeholders.
• Strong interpersonal skill and excellent project management skills
• Ability to present and influence stakeholders on complex ideas
• Willing to be hands-on
• Ability to learn things quickly and have an inquisitive nature on technology

Benefits

FWD Insurance offers employees a comprehensive benefits package that includes competitive pay, incentives, a Health Maintenance Organization (HMO) plan, flexible work schedules, career growth opportunities, and government-mandated benefits like leave and maternity/paternity leave. They also have programs like “WorksForMe” to encourage work-life balance and offer special leave entitlements, including rolling over vacation leaves and converting unused sick leaves to vacation.