Job Purpose/ Role
We currently have an opening for a Life & Health Actuarial Expert in the Finance Division of our Singapore Branch. This position reports to the Head of Life & Health Actuarial based in Germany, and the Regional Chief Financial Officer based in Singapore. This is an expert position and has no staff reporting into it.

Key responsibilities

• Providing direct support the Life & Health Certifying Actuary towards the fulfillment of the local regulatory reporting requirements.
• Prepare and perform actuarial analysis for assigned business area(s), including documentation, communication and explanation of results.
• Execute actuarial reserving approaches and processes in line with global processes, including early identification of adverse reserve developments.
• Prepare & provide reserving information and business projections for the branches and internal reporting, in compliance with Group & local regulatory requirements, e.g. MVBS, MAS, LFSA.
• Assist in the business planning process by providing appropriate input, as well as developing and maintaining models that aid actuarial calculations.
• Communicate with the business on all actuarial and reserving issues, such as identifying deviations from plan or adverse business development, as well as proposing appropriate action items.
• Liaise with internal and external auditors and regulators regarding reserving related issues.
• Promote and foster close collaboration and interaction with the various business areas in the company (e.g. Finance, Underwriting, Client Management, etc.).
• Peer review work from other team members in the same team and perform quality checks.
• Constantly keep abreast of leading market practices and actuarial techniques to drive innovation in the team.
• Complete ad-hoc requests and projects, as assigned.

Experience & Key skills

• Masters or Bachelor's degree in Mathematics, Statistics or Actuarial Sciences.
• Newly / Nearly qualified Actuary.
• At least five years of professional actuarial experience in the insurance/reinsurance industry or in consulting, ideally in a multinational company with a matrix reporting structure.
• Self starter with excellent analytical skills, highly detail oriented and ability to think outside of the box.
• Extensive computer skills including MS Office (Excel, Word). Knowledge of RAFM, SAS, SQL and MS Access would be advantageous.
• Finance, insurance and reinsurance knowledge, ideally in Life & Health, as well as a firm understanding of the complexities inherent in a (re)insurance company.
• Robust knowledge of Life & Health business financials and actuarial concepts (e.g. reserving & pricing techniques, rate development, regulatory rules & regulations, etc.).
• Knowledge of Singapore regulatory requirements and IFRS 17 would be advantageous.
• Enjoy working in an international environment and across different cultures.
• Mobility across different locations would be advantageous.

24469 | Actuarial | Professional | Allianz Reinsurance | Full-Time | Permanent

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Note: Diversity of minds is an integral part of Allianz’ company culture. One means to achieve diverse teams is a regular rotation of Allianz Executive employees across functions, Allianz entities and geographies. Therefore, the company encourages its employees to have motivation in gaining varied skills from different positions and to collect experiences from across Allianz Group.