Manager/ Senior Actuarial Analyst
6 hours ago
Job Description
Reserving
- Data preparation for actuarial reserves modelling
- Perform initial selection of IBNR
- Set initial assumptions for modelling, for example risk margins, expense load and large loss
- Draft the actuarial report and prepare the relevant presentation deck
- Review and improve the data extraction, transformation and load (ETL) process
Capital Management
- Compute the internal, regulatory, and rating agency adequacy ratio
- Update the relevant reports, presentation deck and other materials
Asset-Liability Management
- Produce the liability profile for the investment department to match its assets profile
- Update the relevant reports, presentation deck and other materials
Department administration
- Assist the Head of Department in minor day-to-day administration of the department, such as task tracking, dissemination of ERM memo, etc.
Job Requirements
Experience
- Bachelor's degree in Actuarial Science
- Currently pursuing professional Associate Actuarial qualification with at least 75% on completion.
- Relevant 5 years work experience
is required in the General Insurance industry in Reserving/ Capital
Knowledge/ Skills
- Describe, analyse, and validate the information requirements for estimating unpaid claims
- Build and analyse claim development triangles
- Construct and appraise unpaid claims estimates using basic techniques
- Assess the influence of operating changes on the estimation of unpaid claims
- Adjust data and/or estimation techniques for changes in internal and external environment
- Estimate recoveries
- Estimate unpaid claim adjustment expenses
- Appraise and validate the results of the estimation process for adequacy and reasonableness
- Simple data extraction, transformation, and load (ETL)
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