GI Actuarial Manager

About FWD Group

FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.

For more information, please visit www.fwd.com

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

If you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

You will lead actuarial valuation and P&L management for the GI business. You will be expected to work closely with the business and senior stakeholders for the general insurance personal lines portfolio.

KEY ACCOUNTAIBILITIES

• Support the CFO in meeting delegated GI Chief Actuary responsibilities
• Lead month-end valuation of insurance liabilities, internal financial reporting, ensuring key movements and deviations from Plan are clearly communicated to key stakeholders
• Lead the regular forecasts, business plan and other ad-hoc forecast exercises for GI business
• Lead MAS reporting and be the key contact person liaising with external Certifying Actuary on actuarial and valuation matters
• Adopt a pro-active approach in anticipating risks in the GI business and highlight them promptly to key stakeholders
• Engage with key functions, such as GI Pricing, Business Intelligence, Underwriting, Finance and Risk to provide insight on performance of products
• Ensure compliance of actuarial processes and models with internal policies
• Support reinsurer selection, regular reinsurance review and annual renewal exercises
• Provide timely updates on status and outcome to relevant stakeholders
• Stay updated of market changes and/or regulatory changes relating to general insurance
• Provide support for GI pricing responsibilities in case of GI Pricing Manager’s extended absence to ensure business continuity

QUALIFICATIONS / EXPERIENCE

• Bachelor’s Degree in Actuarial Science
• 8 to 10 years in building and implementing models, preferably in the insurance industry.
• Strong knowledge about (i) Singapore RBC and other reporting requirements that general insurers in Singapore have to comply with
• Strong programming skills; R, Python or SQL is a plus
• Experience in building technical cost / demand models or other data science projects

KNOWLEDGE, SKILLS & ABILITY

• Strong business acumen in the GI insurance market
• Excellent communication and project management skills
• Strong interpersonal skill
• Ability to present and influence stakeholders on complex ideas
• Willing to be hands-on
• Ability to learn things quickly and have an inquisitive nature on technology