Actuarial

• Singapore
• Permanent

About the role The opportunity is with a leading insurance firm and they are seeking a seasoned Life Pricing Actuary to lead a team. Key Responsibilities Responsible for the pricing of Individual insurance products and ensuring that our pricing strategies are competitive, profitable, and compliant with internal and regulatory requirements. Manage the pricing for all individual insurance products, including new product development and product enhancements Conduct actuarial analysis and research to support pricing decisions, including data collection, analysis, and modeling Ensure that all pricing strategies comply with regulatory requirements and company policies Manage and develop a team of actuaries and analysts, providing mentorship and guidance as needed Oversee the development and maintenance of pricing models, tools, and systems Stay up-to-date with industry trends and regulatory changes related to pricing Requirements At least 7 years of experience, including at least 2 years of experience in actuarial pricing Knowledge of regulatory requirements related to insurance pricing, such as MAS, LIA MOH regulations, and guidelines. Qualified Actuary (under Institute of Actuaries / Society of Actuaries / Institute of Actuaries of Australia) Strong analytical skills, with experience in actuarial modeling, data analysis, and statistical analysis Excellent communication skills, with the ability to explain complex actuarial concepts to non-technical stakeholders Strong leadership skills, with the ability to manage and develop a team of actuaries and analysts Strong project management skills, with the ability to manage multiple projects and priorities simultaneously EA License 16S8145EA Reg No: R23116952

• Malaysia
• Up to 15,000 RM
• Permanent

Client Manager – Family ReTakaful (Actuarial) Our client, a leading reinsurance organization in Malaysia, is seeking an ambitious and outgoing actuary to fill the role of Client Manager, with a focus on family retakaful business. As a Client Manager, you will play a pivotal role in managing relationships with key clients while also applying your actuarial expertise in retakaful pricing. This unique hybrid role offers the opportunity to blend technical pricing skills with client-facing responsibilities, ensuring that our client's solutions meet the evolving needs of the market. While your primary geographical focus will be on Malaysia, there will also be opportunities to engage with clients in Indonesia. Key Responsibilities: Client Management Build and maintain strong relationships with clients, acting as their primary point of contact for family retakaful solutions. Understand client needs and collaborate with internal teams to develop customized solutions that align with their objectives. Engage with external stakeholders, including brokers and insurers, to drive business growth and enhance client satisfaction. Reinsurance Pricing Apply actuarial expertise to price family retakaful treaties, ensuring competitiveness while maintaining profitability. Analyze market trends, risk factors, and portfolio performance to inform pricing strategies. Collaborate with the underwriting and product development teams to refine pricing models and methodologies. Geographical Focus Manage client portfolios primarily in Malaysia, with additional exposure to the Indonesian market. Stay informed of regional market dynamics and regulatory developments to ensure compliance and competitiveness. Qualifications & Experience: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field. Professional actuarial qualifications (e.g., FIA, FSA) not necessary. A minimum of 5 years of actuarial experience with a direct insurer / reinsurer. Experience with retakaful or takaful products is advantageous but not mandatory. Pricing experience, while beneficial, is not mandatory. Demonstrated ability to manage client relationships and engage with external stakeholders. Strong analytical and problem-solving skills, with the ability to translate technical insights into actionable business strategies. Excellent communication and interpersonal skills, with a client-focused mindset. Ability to work independently and as part of a team, with a proactive approach to client management. EA License 16S8145EA Reg No: R23116952

• Singapore
• $10,000 - $12,500
• Permanent

About the Opportunity The opportunity is with a global provider of specialized insurance and reinsurance solutions, catering to intricate and diverse risks with a strategic presence in major markets spanning the Americas, Europe, and Asia Pacific. They are looking for a nearly/newly qualified actuary to join the regional Property & Casualty team based in Singapore to support the growth in the region. The role will provide an opportunity to work across a diverse range of portfolios for different markets and lines of business. This role will have an initial focus on Property, Tech, and Marine.  Responsibilities A detailed portfolio review is needed to identify pricing/underwriting actions that should be taken to enhance profitability. Build/maintain pricing models which can include predictive modeling techniques such as GLM and Machine Learning. Account pricing for larger policies where there is sufficient claims experience to do so. Be part of the financial management of the portfolios through planning activities. Design and develop monitoring infrastructure to track key performance metrics for strategic portfolios. Present technical results to a wide range of internal stakeholders including frontline business owners and management. Enhance the quality of data and processing efficiency to meet expanding business needs as the P&C portfolios grow Requirements Around 5 years of experience in an actuarial role for general insurance with the majority of time spent on the pricing function. Demonstrate good problem-solving skills based on a solid foundation in analyzing data and applying statistical techniques. Experience in predictive modeling is seen as an advantage. Experience with programming languages (e.g. SQL/Python) and actuarial applications (e.g. Emblem/Radar) is seen as an advantage. Newly qualified or part-qualified actuary with progression towards qualification. A motivated individual who can work well independently as well as in a team. Strong communication skills and ability to liaise with various stakeholders. This role will have close engagement with the stakeholders of various countries and products. The ability to interact with colleagues from different backgrounds and communicate in a direct and prompt manner will be critical to success in this role and further opportunities within the organization.  If this sounds like the opportunity for you, click apply or email me your updated resume at ryan@lunos-search.com EA License 16S8145EA Reg No: R23116952

• Singapore
• Permanent

Our client, a leading global P&C insurer, is looking for a Consumer Lines Actuary to join their team in Singapore. The successful candidate will work with underwriting teams to develop and implement pricing strategies and provide analytical support for the consumer lines portfolio. Key Responsibilities: Pricing Strategies: Develop and execute effective pricing strategies in collaboration with underwriting teams. Analytical Support: Provide detailed analytical support to senior management. Business Intelligence: Lead initiatives related to pricing, business intelligence, and product development. Portfolio Analysis: Conduct detailed analysis of the portfolio to monitor product, account, and campaign performance. Recommendations: Make informed recommendations on underwriting and pricing actions. Data Analytics: Stay updated with the latest advancements in data analytics and drive continuous improvement. Stakeholder Collaboration: Build and maintain strong relationships with internal stakeholders at all levels. Qualifications: Experience in a similar actuarial role within the insurance industry, preferably in consumer lines. Strong analytical skills and proficiency in data analytics. Ability to develop and implement pricing strategies. Excellent communication and relationship-building skills. Up-to-date knowledge of data analytics advancements. This role is ideal for a strategic thinker with a passion for data analytics and a proven track record in actuarial roles. If this sounds like the opportunity for you, click apply or email me your updated resume at fairuz@lunos-search.com EA License 16S8145 EA Reg No: R1443068

• Singapore
• Permanent

We are seeking a motor pricing actuary to join our client - an established P&C Insurance organisation with a global presence. This role offers an exciting opportunity to contribute to their motor pricing strategies and profitability of their motor insurance products in the region. Key Responsibilities: Develop and enhance pricing models for motor insurance products, ensuring they align with business objectives and regulatory requirements. Analyze data and trends to optimize pricing structures and improve underwriting profitability. Collaborate with underwriting, claims, and finance teams to assess and mitigate risks effectively. Conduct regular performance reviews and monitor key metrics to evaluate pricing effectiveness. Stay updated with market trends, competitor analysis, and regulatory changes impacting motor insurance. Requirements: Part-qualified actuary with minimum 3 years experience in motor pricing within the general insurance industry. Proficiency in actuarial software and advanced Excel skills; knowledge of programming languages (e.g., R, Python) is advantageous. Strong analytical skills with the ability to interpret complex data and provide actionable insights. Excellent communication skills to articulate findings and influence stakeholders effectively. Ability to thrive in a fast-paced environment and manage multiple priorities independently. If this sounds like the opportunity for you, click apply or email me your updated resume at fairuz@lunos-search.com EA License 16S8145EA Reg No: R1443068