About FWD Group

FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.

For more information, please visit www.fwd.com

PURPOSE

• Responsible for supporting the execution and evolution of the Group reinsurance strategy, which should result in consistent and efficient use and management of reinsurance across the group.
• Responsible for supporting the day to day management of the FWD Re reinsurance entity and identification and execution of strategies to leverage the internal use and growth of FWD Re working with FWD business units in the region. 

KEY ACCOUNTAIBILITIES

• Act as Subject Matter Expert in Group Reinsurance Team to support the overall reinsurance strategy formulation and management across the Group including FWD Re.
• Support FWD Re entity management by coordinating the reporting, risk & compliance, capital, finance, investment and commercial matters across Group functions, Japan BU, TIM finance and actuarial teams.
• Closely work with business units, identify and execute on opportunities to further expand the remit and usage of FWD Re within the Group. Roll out countries to modernize reinsurance platform, process, control and management.
• Develop reinsurance expertise within Group and countries.
• Build and maintain relationship with internal & external reinsurers to increase company negotiation position on pricing and treaty.
• Review internal and external reinsurance proposals and treaties exceeding countries' authorities. Input into review of new treaties or changes in existing treaties across the Group alongside Group actuarial product team and set out group standards for minimum requirements.
• Coordinate the reinsurance advisory committee whose responsibilities include approving the reinsurance strategy, policy and framework, reviewing and challenging the adequacy of reinsurance and the performance of the main reinsurance arrangements within the Group and overseeing risks related to reinsurance.
• Monitor and assess the adequacy, effectiveness and performance of the main reinsurance arrangements within the Group. Define metrics and develop tools for assessing the effectiveness of reinsurance arrangement.
• Design and develop Group reinsurance governance to ensure relevance to business and alignment with the FWD reinsurance strategy.
• Perform reinsurance reporting for regulatory compliance, external reporting and reinsurance management.

QUALIFICATIONS / EXPERIENCE

• 10+ years insurance experience in actuarial and/or risk management functions
• Significant experience working directly in a reinsurer is a must.  
• Fellowship member of an internationally recognised actuarial professional body

KNOWLEDGE & TECHNICAL SKILLS

• Deep understanding of reinsurance, capital solutions, Embedded value and accounting financial reporting metrics
• Understanding of the interactions for insurance liabilities, capital, product, EV, financial reporting, and risks
• Working knowledge of applicable laws, regulations, rules, codes of conduct
• Strong communication and influencing skills