Valuation Actuary

Recruiter
Scor
Location
Singapore (SG)
Salary
Competitive
Posted
09 Oct 2020
Closes
09 Nov 2020
Contract Type
Permanent
Hours
Full Time

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Using its experience and expertise, “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – in Life & Health insurance as well as in P&C insurance. Our specialist teams operate in over 120 countries, developing value added and innovative products and services and making long-term commitments to their clients, namely insurers and large corporations.
SCOR's aim, as an independent global reinsurance company, is to develop its Life and P&C business lines, to provide its clients with a broad range of innovative reinsurance solutions and to pursue an underwriting policy founded on profitability, supported by effective risk management and a prudent investment policy, in order to offer its clients an optimum level of security, to create value for its shareholders, and to contribute to the welfare and resilience of Society by helping to protect insureds against the risks they face.

 

 

 

Job Summary

 

This position requires performing financial valuation and reporting for SCOR Global Life Asia Pacific entities on IFRS, Solvency 2 and Local Statutory basis. The role also involves analysing and presenting the financial results to various stakeholders (SCOR head office, local management team, local auditors and local regulators).

 

 

 

Key duties and responsibilities

 

  • Produce cashflows, reserves, DAC and VOBA on quarterly basis for IFRS, Solvency 2 and Local Statutory reporting basis in accordance to company guidelines. Analyze and explain financial results and variance to senior members in the team. Work closely with senior members in the team to communicate with auditors / regulators with respect to methodology and results explanation. Assist in other reporting activities and ad hoc projects e.g. Business Planning exercises, IFRS 17 etc. Assist in maintenance / enhancement of working tools and initiatives to streamline the existing valuation process.

 

 

Required experience & competencies

 

Experience:

 

  • At least 1 year of relevant working experience in insurance / reinsurance fields Good understanding in financial reporting and valuation Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint) and Prophet software.

 

 

Personal Competences:

 

  • Detail-oriented with strong organizational, interpersonal and communication skills Excellent technical, analytical and problem-solving skills Self-motivated and positive working attitude Demonstrate ability to solve problems and work independently

 

 

 

 

Required Education

 

  • Good progress with actuarial exams with one of the following actuarial associations – Society of Actuaries, Institute or Faculty of Actuaries, Institute of Actuaries of Australia