Non-Life Business Development Actuary from a Consulting Firm (Malaysia / Singapore / Thailand / Hong Kong)
About the job
A key member of the company to lead and drive business development processes and contribute to achieving the company’s financial target. Below are the projects that will be involved:
Mergers and Acquisitions
- Lead advisor on small, medium and large merger and capital raising projects
- Due diligence support including appraisal valuation advice and data room support
- Determining prospective companies for M&A activity
IFRS 17
- Providing support to insurers on IFRS 17 implementation, such as interpretation of guidelines, Drafting (or review) of technical and position paper, gap analysis, Internal model construction, financial impact assessment, assessment of Liabilities on an IFRS 17 basis, support in transition to IFRS 17, and providing insights on market best practices
Reserving and RBC
- Play an instrumental role in the development of techniques for determining reserves and establishing appropriate risk margins for RBC for clients.
Product Pricing and Premium Rating
- Pricing of general insurance business, using both traditional premium rating techniques as well as the more sophisticated techniques such as generalised linear modelling (GLM).
Capital Modeling
- Involved in the development and implementation of Risk Based Capital (RBC) across Asia Pacific and have a thorough understanding of the workings of each country's framework as well as the overall concept of RBC. To build Dynamic Financial Analysis (DFA) models using stochastic simulation techniques to estimate an insurer's optimal capital levels.
Reinsurance Optimisation
- Assessing an insurer's optimal level of reinsurance cover using sophisticated modelling tools (such as DFA) as well as industry benchmarks and traditional retention analysis techniques.
Requirements:
- Minimum 10 years of actuarial experience in GI, ideally with experience in a consulting environment
- Qualified or nearly qualified in the actuarial exams under either the Institute and Faculty of Actuaries (UK), the Society of Actuaries (US) or the Institute of Actuaries of Australia
- Strong client facing experience and ability to negotiate and influence clients
- Strong interpersonal and leadership skills
- Experience in working in a project-based, team-oriented environment, with a proven track record in face-paced and demanding environment
- Highly organized and are able to work under pressure