Polytechnic Apprentice, Property & Casualty Actuarial

 | Actuarial | Apprenticeship / Dual Studies | n.a. | Allianz Singapore | Full-Time | Temporary

Entity: Allianz SE Singapore Branch

 #L1-RS1

Job Purpose

Allianz Apprenticeship Programme

Business Functions - Property and Casualty Actuarial

Allianz Apprenticeship programme is a 12-month programme. The objective of this programme is to attract, develop, and retain talented individuals who will become future leaders in the company, while also fostering an inclusive and diverse work environment.
 

What you do

You will be responsible for Corporate Actuarial topics in the Asia Pacific Property & Casualty ("PC") business with focus on reserving, technical reporting (IFRS17), planning and controlling, reinsurance topics and Lines of Business ("LOB") reporting in the region. The role also encompasses the improvement of Operating Entities ("OE") actuarial processes and actuarial maturity level. 

The tasks and projects expected for the apprenticeship are: 

1. Data preparation and filling up templates for the Independent Reserves Review 
2. Setting up quarterly reserve Key Performance Indices ("KPIs") tracking and LOB reporting performance analysis including but not limited to Gross Written Premium, Combined Ratio ("CoR"), Loss Ratio ("LR") and Expenses Ratio ("ER") movement via Power BI or other software. 
3. Collect and check information such as attritional, large and catastrophe claims split, earned exposure and number of claims by LOB to enhance the Loss Ratio Walk for the region
4. Improve reinsurance process in particular on Catastrophe data submission ("ASPIRE") timeliness and accuracy.  Improve AZAP reinsurance pricing tools. 
5. Support any other projects including but not limited to Integration of any newly acquired company to meet Group's requirements. 
6. Support Business-As-Usual ("BAU") activities including but not limited to quarterly actuarial closing activities, analysis and commentaries and product approval. 
    

What you bring

1. Recent Diploma graduate from the Polytechnic in Singapore (less than two years after graduation) in Actuarial Science, Mathematics, Statistics, Finance, Economics, or a related field.
2. Strong mathematical proficiency, with solid understanding of probability, statistics, and financial mathematics.Familiarity with actuarial principles and methodologies would be an advantage
3. Strong technical, analytical & problem-solving, and communication skills. 
4. Modeling and Forecasitnng with actuarial models, and basic regulartory insurance knowledge would be desirable.
5. Committment to continuous ongoing professional development
6. Willingness to learn and adapt to new challenges, and flexibility to work on various tasks as required
7. Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint)

What we offer

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter

where you are from, what you look like, who you love or what you believe in.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation.

Join us. Let's care for tomorrow.