Executive, Actuarial

Critical Tasks and Expected Contributions/Results:

• To support APAC valuation tasks for Australia and Singapore as follows:

  • Assist in internal US GAAP reporting local statutory reporting (e.g. ALCO and ORSA) as well as annual reserve and expense study

  • Assist in setting reserves for financial close conduct claims and loss ratio detailed movement analysis and understanding of underlying key drivers

  • Data preparation and assist in the development and maintenance of claims/actuarial database and analytic dashboards

  • Provide support in optimizing and streamlining reserving processes. This includes proposing and implementing improvements while maintaining robust controls and proper documentation

  • Participate in actuarial reserving projects such as IFRS17 and collaborate with other business functions in ad-hoc projects to implement key strategic initiatives

  • Any other ad-hoc tasks as assigned

Key Challenges/Anticipated Changes in Environment:

• Able to juggle priorities and work under pressure to meet tight deadlines

• Have strong financial acumen and professional integrity. Able to balance and apply actuarial principles in a commercial setting

Developmental Value of Position:

• Develop the ability to work independently while taking ownership to contribute actively to a high-performing team environment

• Cultivate a strong growth mindset to have a deep hunger and willingness to experiment explore and broaden actuarial expertise

• Strengthen communication and interpersonal skills to productively interact with cross-functional colleagues.

Experience/Knowledge Education and Other Requirements:

• Bachelors degree in Actuarial Science or related field of study

• Associate level or candidates actively pursuing actuarial qualifications from the Society of Actuaries Institute and Faculty of Actuaries or comparable actuarial bodies

• 1-3 years of relevant actuarial experience. Strong fresh graduates are welcome.

• Good knowledge and experience of valuation and reporting process

• Good understanding in health insurance health claim process healthcare systems IFRS17 is a plus

• Good knowledge and strong interest in programming (e.g. Alteryx AWS ResQ SQL and Tableau). Proficient in Microsoft (Excel Access Powerpoint etc.)

• Strong communication and presentation skills

Personal Competencies Required:

• Have good understanding of the Actuarial valuation function and operating models

• Strong analytical and numerical skills applied to insurance and finance data domains

• Ability to apply technical knowledge and skills in automating and streamlining work processes

• Fast learner and detail oriented. Be able to complete tasks assigned accurately and in a timely manner. Be able to identify and highlight critical issues to be discussed throughout the whole process

About The Cigna Group