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Apply for the Reinsurance role at Prudential in Singapore.
Lead risk assessment and reinsurance initiatives while advancing your career.
Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
This role is responsible for assessing, advising and planning for future risks, seen and unforeseen, using knowledge of commercial, market and economic principles.
Job Profile Summary
This role is responsible for assessing, advising and planning for future risks, seen and unforeseen, using knowledge of commercial, market and economic principles.
Job Description
Responsible for management and implementation of reinsurance initiatives. Providing support to other special projects where the partnership with reinsurers are involved.
Providing secretariat support to the Reinsurance Sub-Committee, including the production of the key Reinsurance management information.
Responsible for the timely signing and execution of reinsurance treaties backing all reinsurance arrangements.
Responsible for reinsurance administrative process, not limited to design and automate reinsurance process
Liaises and negotiates with reinsurers to maximize PACS stakeholders benefits
Responsible for financial reinsurance projects and reinsurance for new product pricing
Design and enforcement on controls / SOP around reinsurance system setup and changes/enhancements
Ensure proper documentation and implement best practices for the entire reinsurance work
Responsible for reinsurance reporting to MAS, senior management and regional office
Develop department plans, controls, resources and formulate policies in area of responsibility
Look beyond existing solutions and own area to define/resolve complex issues in new situation
Competencies & Personal Traits
Good technical, analytical and problem solving skills, with the ability to work independently
Substantial managerial experience
Good communication skills
Details oriented
Self-motivated and outcome oriented
Committed to excellence and always strive to deliver results with high standards
Strong leadership traits to provide guidance and motivation to staff
Working Experience
At least 7 years of actuarial experience
Professional Qualifications
Qualified/Nearly qualified actuary from a recognized professional actuarial body
Education
Degree in Actuarial
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.