Reserving Actuary, APAC

Overview

This role sits within the APAC reserving team with predominant responsibility for the gross and net US GAAP reserves. The role involves supporting with any product related queries across APAC, requiring knowledge of market and region-specific context across all product lines. Responsibilities include the reporting of results to management and the wider Liberty Mutual Group, training and development of actuarial analysts as well as the additional responsibilities listed below. In support of the Integrated Business Unit, this role will assist in the delivery of the reserve analysis needed to support the combined APAC business and ensuring alignment to the GRS reserving process and philosophy, providing an accurate, transparent and independent view of business performance through consistently applied reserving best practice. Preference to Singapore or Malaysia, flexibility to work from LII Asia offices. Responsibilities

Use of accurate, sound, and innovative approaches in projecting and setting reserves (gross and net of outwards reinsurance on a US GAAP basis) to support the Chief Reserving Actuary with the provision of the quarterly reserving analysis to GRS leadership. Act as a trusted independent advisor to the business that communicates the quarterly reserve analyses with insight and confidence, grounded in technical rigor and objectivity. Provide insights that are sought by the business to improve underwriting outcomes. Identify trends, areas of uncertainty, emerging risks and macroeconomic factors that could impact results and propose corrective action in a timely manner. Partner with other parts of the integrated business unit including Business Actuarial, Underwriting, Claims and Management in developing a common view of underwriting profitability by product, industry and region. Support the successful delivery of the process transformation involving tactical and strategic process improvement initiatives. Support the APAC Head of Reserving in providing quarterly reserve analysis to the LII and GRS leadership Seek opportunities to develop existing and new processes, to ensure processes are up-to-date and in line with regulatory requirements, to ensure that the deliverables of the Actuarial Function are timely, accurate and fit for purpose. Provide the highest quality professional service, underpinned by technical rigor, transparency and consistency in all aspects of the above responsibilities. Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviors as set out in the Conduct Risk Policy, as they relate to your role, is core to Liberty Values, placing customers at the center of our business and behaving with integrity. The company expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviors at all times. Experience & Skills

Nearly / newly qualified actuary APAC reserving experience with broad knowledge of retail and / or specialty general (re)insurance portfolios. Relevant experience from consulting, commercial or personal lines also welcomed Strong IT skills – advanced knowledge of MS Excel and the standard MS Office suite is essential. Other experience of working with big data manipulation and visualization software such as SQL and Power BI or similar would also be an advantage for the role, as would analytics coding experience in packages such as R, Python or similar. Analytical problem solver with outstanding verbal and written skills, communicating with a range of internal and external clients of varying experience, expertise and appreciation of actuarial techniques. Commercially minded, with gravitas to influence business decisions in line with strategic plans. Works under limited management supervision. This means that technical supervision on day-to-day matters is not often required but is required for novel situations and development or project work. A growth mindset – highly focused, motivated and committed to ongoing personal learning and development. Ability to work independently and as part of a wider team as well as during periods of change and transformation.

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