Job Description
Our Client:
Our Client is one of the largest reinsurer in the world that provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. With the current growth plans, they are looking to hire individuals who has positive mind set to join the valuation team.
The Role:
This position requires performing financial valuation and reporting for a reinsurance company and its entities on IFRS, Solvency 2 and Local Statutory basis. The role also involves analysing and presenting the financial results to various stakeholders (head office, local management team, local auditors and local regulators).
Key Duties and Responsibilities:
* Produce cashflows, reserves, DAC and VOBA on quarterly basis for IFRS, Solvency 2 and Local Statutory reporting basis in accordance to company guidelines.
* Analyze and explain financial results and variance to senior management.
* Communicate with auditors / regulators with respect to methodology and results explanation.
* Assist in other reporting activities and ad hoc projects e.g. Business Planning exercises, IFRS 17 etc.
* Assist in maintenance / enhancement of working tools and initiatives to streamline the existing valuation process.
Required Experience and Competencies:
Experience:
* At least 5 years of relevant working experience in insurance / reinsurance fields
* Good understanding in financial reporting and valuation
* Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint) and Prophet software.
Personal Competences:
* Detail-oriented with strong organizational, interpersonal and communication skills
* Excellent technical, analytical and problem-solving skills
* Self-motivated and positive working attitude
* Demonstrate ability to solve problems and work independently
Education:
* Good progress with actuarial exams with one of the following actuarial associations - Society of Actuaries, Institute or Faculty of Actuaries, Institute of Actuaries of Australia