Role purpose
To perform actuarial, financial modelling and catastrophe risk analyses to support Miller Singapore in winning, placing and monitoring complex insurance and reinsurance risks in Asia markets.
Role deliverables
• Model the probability distributions of the gross / ceded / net underwriting results of an (re)insurance client.
• Utilise cost / benefit analysis to advice brokers and clients “optimal” reinsurance programs based on risk tolerance levels.
• Model and analyse natural catastrophe exposure for various business streams, when requested, to support Miller’s offering to its clients
• Carry out investigations of the appropriateness and sensitivity of modelling assumptions, maintaining Miller’s commercial position where this does not conflict with relevant professional standards
• Maintain robust documentation, data cleansing, data manipulation and peer review practices to ensure accuracy and relevance of model outputs and assumptions, clearly explaining any limitations of outputs
• Communicate modelling process and results with internal and external stakeholders, both verbally and through formal reports/presentations, to a very high standard
• Work with the team to build trusting relationships with internal and external stakeholders
• Ensure high standards of accuracy in work and manage competing priorities to deliver work in a timely fashion
• Adhere to and meet fully the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and procedures are written to encapsulate the compliance, legal and financial crime related legislation and regulations which apply to Miller.
• Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as MAS regulations.
• Promote Miller brand and values to enhance Miller’s reputation in the market
Requirements:
- Bachelor’s degree in Actuarial Science / Mathematics / Statistics / or Computer Science
- FCAS, FIAA, FIA or working towards qualification
- Minimum 5 years general insurance experience, reinsurance preferred.
- Good Excel skills
- Strong oral and written communication skills for a variety of audiences
- Experience with programming languages to automate modelling processes
- Past experiences at a broker or non-broking background (e.g., (re)insurance company) across multiple lines of business
- Able to make assumptions when faced with missing or unreliable data
