Reinsurance (Actuarial)

at  PRUDENTIAL ASSURANCE COMPANY SINGAPORE PTE LIMITED

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

JOB DESCRIPTION:

• Responsible for the preparation of Reinsurance analysis including cost of reinsurance, sum at risks statistics and retention level.
• Responsible for reinsurance reporting to MAS, senior management, local and group office.
• Work closely with Product, Pricing, and Operations teams to provide support for new product launch, initiatives, campaign and where the partnership with reinsurers are involved.
• Work closely with reporting team to provide support on reinsurance solutions for financial / capital optimization.
• Work closely with Finance department to ensure the timely administration of reinsurance transactions and settlement.
• Responsible for timely signing and execution of reinsurance treaties backing all reinsurance arrangements.
• Comply with controls and standard operating procedures around reinsurance system setup, changes and enhancements.

WHO WE ARE LOOKING FOR:

Competencies & Personal Traits

• Good technical, analytical and problem solving skills, with the ability to work independently
• Self-motivated and able to work collaboratively with various stakeholders to drive outcomes.
• Good communication skills
• Detailed oriented
• Committed to excellence and always strive to deliver results with high standards
• Experience with Prophet model and ALS, data processing/conversion software e.g. SQL/DCS/Alteryx is preferred

Working Experience

• 1 – 4 years of relevant experience in actuarial roles or positions
• Fresh graduate is welcome to apply

Professional Qualifications

• Good progress in actuarial examinations from a recognized professional actuarial body

Education

• Degree in Actuarial

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements

Please refer the Job description for details