Critical Tasks and Expected Contributions/Results:
To support APAC valuation tasks, including:
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Valuation of Insurance Technical Liabilities: Assist with valuation under US GAAP and SG RBC 2 standards.
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Reserving Compliance: Ensure reserving processes align with actuarial policies, guidance, and local regulatory requirements
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Process Enhancement: Automate and modernize valuation models and controls to deliver timely and accurate monthly reserve reporting.
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Reserve Adequacy Monitoring: Track reserve adequacy, provide insights on key drivers, and reconcile profitability views across reserving, pricing, and planning teams.
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Financial Condition Reporting: Contribute to ORSA, IWST, Actuarial Investigation Reports, and other actuarial-focused returns.
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Stakeholder Presentations: Manage result presentations for internal and external stakeholders, including analysis and commentary on key metrics.
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Cross-Functional Support: Collaborate with other teams on reserving, business initiatives, strategic projects, and decision-making processes as needed.
Key Challenges/Anticipated Changes in Environment:
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Be able to juggle priorities and work under pressure to meet tight deadlines.
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Possess a high degree of personal integrity, intellect, and strong financial acumen. Demonstrate professional integrity while balancing and applying actuarial principles effectively in a commercial setting.
Developmental Value of Position:
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Works well independently and takes ownership to influence team environment
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Possess a deep hunger and willingness to experiment in order to learn and grow further
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Dynamic individual with strong communication and interpersonal skills to productively interact with different colleagues
Experience/Knowledge, Education and Other Requirements:
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Bachelor’s degree in actuarial science or related field of study
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Associate in the Society of Actuaries, Institute of Actuaries, or comparable actuarial designation preferred
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Understanding in health insurance, health claim process, healthcare systems is a plus.
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3+ years of actuarial experience, with knowledge of the Actuarial functions (Valuation or Pricing) and operating models
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Excellent English verbal and written skills
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Strong proficiency in Programming (macro), Microsoft (Excel, Access, Powerpoint etc.), Alterlyx, AWS, ResQ, SQL and Tableau preferred
Personal Competencies Required:
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With knowledge of Actuarial functions (Valuation or Pricing) and operating models
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Strong analytical and numerical skills, applied to insurance and finance data domains
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Ability to apply technical knowledge and skills in automating and streamlining work processes
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Fast learner. Be able to pick up tasks assigned in fast turn-around time, timely and accurately, in order to spot out and escalate critical issues to be discussed throughout the whole process.
About The Cigna Group
Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.
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What We Do
At Cigna, we're more than a health insurance company. We are your partner in total health and wellness. And we’re here for you 24/7 – caring for your body and mind.
As a global health service company, Cigna's mission is to improve the health, well-being, and peace of mind of those we serve by making health care simple, affordable, and predictable.
Our values are the core of our culture. Our values guide how all 74,000 of us around the world work together, serve our customers, patients, clients, communities, and deliver on our mission.