Analyst / Senior Analyst (Actuarial)

Objective:
To be a member of UIB Asia’s analytics team extending services to existing and new clients.

To play a role in building UIB Asia as the HUB of Analytics Excellence for UIB Group, based in the Singapore office.

Overall Role:
The role holder will play an integral part in supporting brokers and clients in developing solutions and giving sound advice to clients.

Role holder is expected to become familiar with our tools and approach, to develop and propose optimal reinsurance solutions to clients and evaluate the impact on profit, capital, volatility and other priorities. Role holder will also implement models that provide pricing advice to brokers based on the various proposed structures.

The role requires a clear understanding of the various reinsurance fundamentals and structures to manage risk and their implementation within the modelling framework.

The ideal candidate is also one who seeks progression to a more client-facing role.

Key Accountabilities/Core Competence Indicators:

1. Key Responsibilities

• Lead technical conversations with brokers and clients, and assist promptly to queries
• Perform technical costing of the reinsurance solutions using experience and exposure pricing techniques, and to working with brokers to determine the feasibility of proposed structures and target pricings
• Perform Dynamic Financial Analysis (DFA) as a part of the reinsurance optimisation exercise
• Present Actuarial and CAT modelling result findings to clients and propose solutions to meet their needs and constraints
• Work with CAT Modelling Analysts in testing and determining the validity of CAT Modelling results
• Conduct technical and skills development of team members and clients
• Lead internal research, market benchmarking and other value-proposition initiatives.

Required Knowledge and Skills:

• Between 3 to 6 years of experience in Non-Life Insurance / Reinsurance Actuarial space
• Experience in Reinsurance Treaty and/or CAT Modelling
• Ability to work independently and resourcefully, with a client-centred focus
• Strong ability to manage multiple assignments and meet deadlines in a timely manner
• Team player with excellent presentation and communication skills
• Proficient in MS Office Suite (Word, Excel and PowerPoint)
• Prior working experience in DFA software (e.g. ReMetrica, MetaRisk, URS Risk Explorer), CAT Modelling tools, VBA and SQL is a plus
• Degree in Actuarial Studies or related fields such as mathematics, finance or statistical studies
• Good progress in actuarial exam qualifications with a recognised Actuarial institute
• Multilingual in English and at least one other Asian language.

Send your updated CV and cover letter to

[email protected]

with the subject line

“Application – Analytics Team”

and specify the role you are applying for.

We regret to inform that

only shortlisted candidates will be contacted

, and we will

not respond to unsolicited approaches from recruiters

whom we do not currently liaise with.

UIB Asia Reinsurance Brokers Pte Ltd is a subsidiary of UIB Holdings UK Ltd.

Established in Singapore in 1997, UIB Asia is determined to maintain the highest standards of innovation, flexibility, professionalism and service to our clients in the Asia Pacific regions.

UIB Asia is a proud member of the UIB group of companies. We work in close partnership with all the UIB Offices around the world including members of the International Insurance Brokers Association (IBA) to achieve the optimum and most cost efficient reinsurance solutions for our clients.

Classes Covered

All Classes of Non Life Reinsurance, including Property, Construction, Marine, Energy, Aviation, Casualty, BBB, Trade Credit /Political Risks, Treaty (Proportional and Non Proportional) and Facultative

Geographical Regions Served From This Office

Asia including Japan, Korea, China, and the Indian Sub Continent