Actuarial Support Analyst, P&C/ Actuarial Analyst, P&C

Location: Singapore

Job Summary

As a P&C actuarial support analyst/ actuarial analyst in Zurich Insurance, you will be involved in supporting the reserve valuation on different bases including IFRS17, support in business planning and capital management processes and, providing support to the chief reserving actuary including insights into risks, underlying performance & implications for the business.

Key Accountabilities

• Support in evaluating insurance technical liabilities on a quarterly basis for management and regulatory reporting for both IFRS4 & IFRS17 bases as well as formal submission of actuarial investigation report and actuarial-focused returns for financial year-ends. This includes, but not limited to, compiling & categorizing data, performing data validation, conducting analyses & experience investigations, deriving the reserving components (such as discounting and risk adjustment) and verifying factors & assumptions used in computations to ensure robust output.
• Uphold the internal Zurich reserving & financial reporting processes, standards and guidelines and ensure consistency and compliance with Group, Regional, and Local regulatory & statutory policies.
• Assist in assessing the company’s financial condition (i.e. solvency assessment, Own Risk Solvency Assessment (ORSA) & Industry Wide Stress Test (IWST) process), under economic & business conditions as prescribed by the regulator.
• Support in Plan/ forecast loss ratio, including enhancing operational processes to improve the quality, transparency and timeliness of the loss ratio planning / forecasting on IFRS17 basis as well as the reconciliation of views on profitability between reserving and pricing actuarial.
• Contribute to business performance monitoring meetings by collaborating with different functions such as Data & Digital, Pricing & Financial Planning & Analysis etc, providing insights on trends & developments and communicate key uncertainties & issues.
• Inculcate a sense of team spirit, teamwork and inter-team collaboration.
• Support Finance, Underwriting, Pricing, Claims, Risk and other functions on reserving, business initiative & projects and strategic business decisions as relevant.

Job Qualifications

• We are open to fresh graduates as well as candidates with 2-3 years of general insurance actuarial experience. We will also consider candidates with relevant experience in fields such as finance, risk management or data analytics
• A bachelor's degree in actuarial science, mathematics, statistics, economics, or a related field
• Progressing towards professional actuarial qualifications with recognized actuarial body such as IFoA, SOA, IAA or CAS
• Familiarity with the commonly used software in the industry (e.g. ResQ and SAP) & programming languages (e.g. RStudio, SQL, VBA and Power BI) is a plus.
• Knowledge in Actuarial Pricing and Accounting is a plus
• Good understanding of actuarial concepts including reserving.
• Strong analytical and problem-solving skills
• Good communication skills are important as you will be required to explain complex actuarial concepts to non-actuarial stakeholders.
• Good time management skills, and able to manage multiple concurrent projects efficiently.

You are the heart & soul of Zurich! 
 

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?

We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step.

People are Zurich’s most important asset. Their varied skills, perspectives and experiences drive innovation. And they reflect the breadth and diversity of our customers, suppliers, communities and investors around the world. We are committed to attracting and retaining talented individuals from a variety of backgrounds and experiences.

Let’s continue to grow together!

• Location(s):  [[Singapore]] 
• Remote working: [[Hybrid Working Model]]
• Recruiter name: [[Sharon Nichelle Wang]]