Assistant Manager, Actuarial

About The Job

• Build the infrastructure and processes to collect, process and standardize disparate data across multiple systems.
• Work with reinsurance business units, actuarial and operations teams across all entities in the Great Eastern Group.
• Present a centralised view of the Group-wide reinsurance data for analytical investigations and reporting.
• Monitor reinsurance counterparty risk exposure.
• Measure the performance of reinsurance arrangements for each class of business.
• Assist to design and build reinsurance simulation models for profitability studies.
• Assist to study and propose suitable net retention levels.
• Quantify impact of reinsurance commission basis and amount.
• Prepare Reinsurance Management Strategy and Reinsurance Management Policy for local entity.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlight any potential concerns /risks and proactively shares best risk management practice.
• Other responsibilities entailed.

We are looking for people who

• Degree in Actuarial Science.
• Minimum 2 years working experience.
• Good understanding of the insurance and reinsurance industry.
• Good communication, project management and time management skills, and possess good problem-solving ability.
• Proficient in Microsoft Office and programming language.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

How you succeed

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

About Great Eastern

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies:
Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.