Reserving Actuary

Job Summary

In this exciting and fast-paced role, you will be working across APAC (including China, North Asia, South Asia & ANZ) supporting the Head of L&H Reserving, APAC in the management of all L&H group reserving activities with a key focus on IFRS17, Solvency II, and other projects.

You will have a high degree of responsibility and autonomy whilst undertaking and leading key projects within the team.

You will also liaise with the auditors on various requirements for the APAC markets.

About the Department: APAC Actuarial

The APAC L&H Reserving team is based in SCOR’s offices in Singapore, Sydney, Beijing, and Seoul. This includes business written in approximately 30 countries and 13 legal entities in the region.

We are a diverse and engaged team, providing expert actuarial analysis and insight for our stakeholders.

Responsibilities

KEY TASKS

• Provide value-adding insight on the drivers of financial performance, movements in IFRS and SII results, experience emergence, and recommendations for management actions.
• Provide oversight of the production of L&H reserves for Group results (IFRS 17, SII) each quarter, participating in the landing process and ensuring the results are robust.
• Provide support on the annual assumption setting process, reviewing the experience analysis produced by the business and leveraging the analysis to set the best estimate assumptions.
• Work closely with and provide guidance to APAC L&H actuarial teams on issues of methodology, appropriate techniques, and expert judgment.
• Be a key member in implementing various process improvement initiatives within APAC.
• Support and coordinate with the auditors in relation to actuarial topics.
• Support the Central teams with their review of APAC markets results.
• Responsible for end-to-end reserving process for the Singapore statutory reporting for SRAP, producing quarterly and annual RBC2 results, and supplying stress tests and analysis for the Own Risk and Solvency Assessment.
• Work with the Capital Management team to provide accurate insurance risk forecasts to manage capital within the comfort range.
• Support the local (Korea) statutory reporting for SRAP - Seoul Branch.
• Support and coordinate for ad hoc projects and thematic reviews.

Relationships

• Support the Head of L&H Reserving, APAC in being the primary point of contact for the Corporate Actuarial and Group Actuarial teams on all Life & Health matters in the region.
• Communicate actuarial issues to other teams in the context of earnings, capital, liquidity, etc.
• Work closely with other teams within APAC, including the modelling team, L&H business unit, colleagues in the wider Finance team, Pricing, and Risk management.

Qualifications

Experience:

• Qualified/nearly qualified Actuary (FSA, FIA, or FIAA).
• Relevant experience in a life insurance/reinsurance business.
• Deep experience of at least one of: IFRS17, Solvency II, experience analysis, or local statutory reporting in an APAC market. IFRS17 experience is a strong plus.
• Proficient in Microsoft Office suite (e.g. Word, Excel, Access, PowerPoint), Prophet software.
• Familiar with data analytics tools such as R, SQL, or Python is a plus.

Personal Competencies:

• Good to have: Proficiency in speaking and reading Korean to support colleagues in Korea.
• Enjoys working at pace, in a close-knit team.
• Demonstrates curiosity and enthusiasm for continuous improvement.
• Proactive, organized, and adept at stakeholder management.
• Strong technical skill set and ability to work independently.