Reserving Actuary

Starr Insurance is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.

Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world's fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

GENERAL SUMMARY

This role will be supporting the Regional Actuary for the calculation, analysis, and communication of insurance technical provisions across various lines of business in APAC region. You will provide critical insights on claims reserves and portfolio profitability, ensuring the company's reserves are adequate, comply with local and international regulatory requirements, and support business decision-making.

You will also liaise with the auditors on various requirements for the APAC markets.

DUTIES AND RESPONSIBILITIES

• Perform quarterly and annual actuarial reserving analyses for all relevant business lines (e.g., Property, Casualty, Financial Lines, Marine, Travel, etc.) across APAC markets.
• Contribute to the enhancement of actuarial reserving methodologies, processes, models while ensuring best practice and compliance with regional standards (e.g., IFRS 17, local GAAP).
• Prepare and communicate reserving results, trends, and assumptions to local and regional management, finance, and other stakeholders.
• Perform delivery of management information for senior management as required.
• Support local statutory and group reporting requirements while liaising with auditors and regulators as required.
• Provide reserving insights for pricing, planning, reinsurance, and capital management activities.

EXPERIENCE & REQUIRMENTS

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.
• 8-10 years of reserving experience in re/insurance industry. Pricing experience is an advantage.
• Qualified or near-qualified actuary (e.g., FIAA, FIA, FCAS, etc.).
• Strong communication and persuasion skills required, interaction with various internal and external stakeholders, including Finance, Claims, Underwriting, SAO provider and Auditors
• Skilled in MS Office tools, Power BI
• Sound knowledge of reserving techniques
• Familiarity with IFRS 17 and/or local regulatory requirements
• Advanced proficiency in actuarial related applications such as Excel
• Proactively take on and manage own projects independently and delivery within required timeframes
• Analytical and problem-solving skills
• Negotiation, judgment and decision-making ability
• Advanced numeracy
• Professional business writing and presentation skills.