Actuarial Analyst I at Everest in SG

Title: Actuarial Analyst I

Company: Everest Reinsurance Company (Singapore)

Job Category: Analytics

Job Description:

About Everest: Everest is a global leader in risk management, rooted in a rich, 50+ year heritage of enabling businesses to survive and thrive, and economies to function and flourish. We are underwriters of risk, growth, progress and opportunity. We are a global team focused on disciplined capital allocation and long-term value creation for all stakeholders, who care deeply about our impact on communities and the wider world. The Actuarial Analyst will form a critical part of the International Reinsurance Reserving team, helping to enhance and develop its foundations and capabilities.

The role will require an individual with strong actuarial, analytical and communication skills. It will require interaction with multiple other functional areas including underwriting, finance, compliance, claims, pricing and senior management.

Role reports to the Singapore Reserving Manager.

Responsibilities:

• Support the Singapore reinsurance reserving team in preparing detailed reserve adequacy studies in support of business underwritten across APAC, with potential support for other International locations (e.g UK, Ireland, Middle East & Africa, Latin America & Brazil)
• Assist in quarterly closing tasks; validation of plan ELR amounts, actuarial versus expected and roll forward analysis
• Assist in IFRS 17 best estimate liability annual calculations and local statutory reporting.
• Explore and develop new reserving approaches and methodologies
• Participate in group wide projects to help improve reserving processes
• Ensure collaboration with Pricing Actuarial, Underwriting, Claims and Financial Services
• Timely delivery and communication of results

Professional Experience:

• Student Actuary of the Institute and Faculty of Actuaries (FIA) or similar
• Bachelor’s degree or higher in Maths, Accounting, Economics, Statistics, Business or a similar field
• Recent graduate with preferably some initial P&C actuarial experience
• Knowledge and experience of GI reserving and (ideally) reinsurance is an advantage

Skills & Abilities:

• Strong Excel skills are mandatory. Excel VBA, SQL, Python, etc. is a plus.
• Familiarity with ResQ is a plus.
• Good organisational skills and a strong attention to detail
• Strong written and verbal interpersonal and communication skills.
• Ability to work well in a team environment as well as independently
• A flexible and enthusiastic approach to work with a strong appetite to network, learn and develop.
• Able to work in dynamic and agile environment, especially through remote setting

Competencies:

• The role holder will be required to embrace the Everest Core Values: Collaboration, Thoughtful Assumption of Risk, Execution, Humility and Leadership
• The Everest Core Values are the foundation upon which we (a) conduct our work, and (b) conduct ourselves both internally with our colleagues, and externally with clients/customers
• The Company's success and that of our employees begins with these values. All employees are expected to support and exhibit these values in their interactions with others and through their day-to-day responsibilities

What if I don’t meet every requirement? At Everest we are dedicated to building an inclusive and authentic workplace. So, if you are excited about this role but your past experience doesn’t align perfectly with every element in the job description, we still encourage you to apply. You may be just the right candidate for this or other roles. Please let us know if you need any accommodations throughout the application or interview process.

Our Culture

At Everest, our purpose is to provide the world with protection. We help clients and businesses thrive, fuel global economies, and create sustainable value for our colleagues, shareholders and the communities that we serve. We also pride ourselves on having a unique and inclusive culture which is driven by a unified set of values and behaviors. Click here to learn more about our culture.

• Our Values are the guiding principles that inform our decisions, actions and behaviors. They are an expression of our culture and an integral part of how we work: Talent. Thoughtful assumption of risk. Execution. Efficiency. Humility. Leadership. Collaboration. Inclusion and Belonging.
• Our Colleague Behaviors define how we operate and interact with each other no matter our location, level or function: Respect everyone. Pursue better. Lead by example. Own our outcomes. Win together.

All colleagues are held accountable to upholding and supporting our values and behaviors across the company. This includes day to day interactions with fellow colleagues, and the global communities we serve.

Type: Regular

Time Type: Full time

Primary Location: Singapore

Additional Locations: Privacy Notice | Everest (everestglobal.com)