The Role
In this role, you’ll be exposed to various roles of valuation actuaries within a life reinsurer setting. You will capitalize on your existing actuarial experience to help manage reporting duties and make contributions to the firm’s optimal capital management. As part of an international company, you will work with colleagues across Korea, Singapore and UK and will be involved in various valuation activities including IFRS17 and K-ICS through production and analysis of results. There may be support needed for other responsibilities of Corporate Actuarial or ad-hoc regulatory and divisional projects.
You will ideally be a part-qualified actuary with a solid track record and hold an undergraduate or postgraduate degree in a related discipline. Trainings and study support will be provided to the right candidate
Description
1. Support the production of regulatory valuation including IFRS17 and K-ICS for the company’s Korean entity encompassing model runs, compiling results, checking & analysing the output, and documenting results.
2. Assist Corporate Actuary with day-to-day management of regulatory submissions and compliance. Review of calculation results and some research of market practice will also be involved.
3. Support other areas in Corporate Actuarial, or ad-hoc local and divisional projects and training of junior staffs
Qualifications & Experience
Essential
– Actuarial analyst with around 3 to 5 years’ experience in life or long-term non-life insurance
– Proficiency in at least 1 actuarial software
– Strong technical skills in computer software including Microsoft Excel
– Strong quantitative skills, inquisitive mind, and great attention to detail
– Strong analytical, problem solving and communication skills
– Proficiency in Korean and English, both written and verbal
– Ability to work to timelines and multi-tasking
Desirable Experience
– Long-term cash flow projection of protection business
– Knowledge of insurance products and regulation in local market
– Actuarial reporting experience in FRS17 or K-ICS is desirable
– Knowledge of life/long-term reinsurance business is a plus
