Position: Actuarial Business Analyst
Duration: 12 Months (renewable )
Location: Singapore
Job description :
Highly experienced Senior Business Functional Analyst specializing in Insurance Actuarial Business Analysis with extensive experience spanning at least 7-10 years.
Candidate should possess profound expertise in pricing and actuarial functionalities within the insurance domain.
This role requires a deep understanding of actuarial principles, insurance products, and business processes to effectively bridge the gap between business requirements and technical solutions
Responsibilities:
- Actuarial Expertise: Leverage comprehensive knowledge of actuarial principles, methodologies, and techniques to support pricing, reserving, and financial forecasting activities.
- Business Analysis: Collaborate with stakeholders including actuaries, underwriters, product managers, and IT teams to elicit, analyze, and document business requirements.
- Requirements Management: Manage and prioritize business requirements, ensuring alignment with organizational objectives and regulatory compliance.
- Functional Design: Develop detailed functional specifications and user stories, translating business requirements into clear and concise deliverables for development teams.
- Data Analysis: Analyze large datasets to identify trends, patterns, and insights that inform pricing strategies and risk assessment.
- Solution Evaluation: Evaluate proposed solutions and enhancements, providing recommendations based on business impact, feasibility, and cost-benefit analysis.
- Stakeholder Communication: Facilitate communication between business stakeholders and technical teams, ensuring mutual understanding of requirements and expectations.
- Testing Support: Collaborate with quality assurance teams to define test cases, validate solution functionality, and support user acceptance testing.
- Training and Support: Provide training and support to end-users, ensuring smooth adoption of new systems and processes.
- Continuous Improvement: Stay abreast of industry trends, best practices, and emerging technologies, proactively identifying opportunities for process optimization and innovation.
Qualifications:
- Bachelor's degree in Actuarial Science, Statistics, Finance, or related field.
Professional actuarial designation (e.g., ASA, FSA, ACAS) strongly preferred. - At least 7-10 years of strong on-ground experience in a business analysis role within the insurance industry, with a focus on actuarial functions and pricing.
- In-depth understanding of insurance products, including life, health, general insurance and reinsurance.
- Proficiency in actuarial software (e.g., Prophet, AXIS, MG-ALFA) and data analysis tools (e.g., SQL, R, Python).
- Strong analytical and problem-solving skills
- Excellent communication skills, with the ability to effectively convey technical concepts to non-technical stakeholders.
- Proven track record of successful project delivery, including requirements gathering, solution design, and implementation.
- Ability to work independently and collaboratively in a fast-paced, dynamic environment, managing multiple priorities and deadlines effectively.
