Senior/Business Analyst (Reinsurance)

For the past 75 years, MS First Capital has been actively involved in the non-life insurance business both in Singapore and across Asia. Our roots can be traced back to the 1950s where we engaged in writing both personal and commercial lines of non-life insurance business across various classes such as Fire, Engineering, Marine Hull, Marine Cargo, Bond, Professional Indemnity, Motor, Public Liability, Worker's Compensation, Personal Accident and other Miscellaneous Accident.

We are a reputable source of cutting-edge insurance options, catering to a diverse range of clients, both individuals and corporate. We are proud that our financial strength rating of A+ (Superior) with Stable outlook has been reaffirmed by AM Best, given our consistently impressive financial performance. We are also recently awarded Top 300 Employer by the Singapore Opportunity Index for our effort in creating meaningful career pathways, fostering inclusive growth, and investing in our employees potential.

This is a perfect gateway into the highly niche sector of non-life reinsurance, part of Singapore's bustling financial services sector. As a wholly-owned entity of the world-renowned Mitsui Sumitomo Insurance (MSI) Group, we are dedicated to developing talents for our sector. As a member of our talent pool, you can look forward to comprehensive professional training, sponsorship of professional qualifications, a friendly and collaborative culture and a competitive compensation package.

Key Responsibilities

1. End-to-End Reinsurance Domain Leadership

• Document and optimise business processes across:

. Treaty underwriting & contract lifecycle
. Facultative risk placement & approval workflow
. Technical accounting (premium, claims, adjustments)
. Claims lifecycle (Treaty & Facultative)
. Bordereaux processing
. Retrocession arrangements

• Define unified operating model across both lines where possible.

2. Technology Modernisation Delivery

• Lead requirements for core system replacement or modernisation initiatives. Conduct:

. As-Is / To-Be process mapping
. Gap analysis
. Functional & technical specifications
. Data migration mapping
. Integration requirements (Finance, Risk, Exposure systems)

• Support SIT, UAT, parallel runs and go-live.

3. Stakeholder Engagement

• Partner with:

. Treaty Underwriters
. Facultative Underwriters
. Claims & Technical Accounting teams
. Finance & Risk
. IT & Vendors

• Facilitate workshops and drive consensus across multiple business lines.

4. Data, Reporting & Regulatory

• Define reporting requirements for:

. GWP / Net / Ceded reporting
. Exposure aggregation
. IFRS 17
. MAS and APAC regulatory frameworks

• Support reconciliation and data governance initiatives.

Requirements

Mandatory:

• 7+ years in Reinsurance.
• Proven hands-on exposure to BOTH Treaty and Facultative business.
• Delivered at least one core system implementation or major modernisation program in conjunction with business users, technology teams (in-house & external vendors)
• Strong documentation and process modelling capability.
• Experience in stakeholder management across underwriting & finance.
• Experience with SAP FS-RI, SICS, TIA or proprietary reinsurance platforms.

Due to the volume of applications received, we will only contact shortlisted candidates. We may retain your personal data for as long as it is necessary to fulfil the purposes for which they were collected, or as required or permitted by applicable laws. Should you disagree, please contact our Data Protection Officer for more information on the retention and disposal of your personal data.