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Health Actuary (Finance Policy)

Careers@Gov
Agency: Ministry of Health
Job no.: 531500
Work type: Permanent/Contract
Location: Singapore
Categories:Economics/Statistics, Healthcare, Policy Formulation, Research and Analysis, Sciences (e.g. life sciences, bio-technology etc.), Statistics

The Ministry of Health’s (MOH) vision is to champion a healthy nation with our people – to live well, live long and with peace of mind. As an open country constantly exposed to an interconnected world, Singapore faces complex issues in public healthcare. MOH constantly grapples with new challenges brought on by an increasingly globalised world, a rapidly ageing population and rising expectations. MOH’s responses to these challenges include preventing and managing the outbreak of diseases such as SARS and Influenza A (H1N1), designing a healthcare system that delivers care in an integrated and effective manner, growing the capacity and capabilities within the sector, and managing healthcare inflation.

As an MOH officer, you will be involved in formulating and implementing policies that guide Singapore’s healthcare ecosystem. You will work alongside a team with varied skills and backgrounds, but with the common goals of (i) promoting good health and reducing illnesses; (ii) ensuring that Singaporeans have access to good and affordable healthcare; and (iii) pursuing medical excellence. Your work will have far-reaching impact on the health and lives of Singaporeans.

You will support the actuarial work needed for MOH’s national insurance schemes, namely MediShield Life, CareShield Life, and ElderShield. The analyst will work with a MOH senior actuary and MOH’s appointed actuarial consultants to review premiums and advise on the actuarial impact of the design of scheme benefits, with a view to ensuring long-term scheme sustainability. You will also oversee risk-management, governance and financial reporting of the schemes on a regular basis.

Requirements 

  • Background in actuarial science, mathematics, statistics, finance / accounting or economics
  • Working towards fellowship of a recognised actuarial body
  • Fresh graduates are welcome to apply, but some actuarial experience in government agencies or private insurers is an advantage
  • Knowledge of RBC2 and IFRS17 is an advantage
  • Good quantitative skills, as well as writing and communication skills
  • Good people skills to deal with internal and external stakeholders
  • Strong critical thinking abilities
  • Able to work independently and display initiative
  • Able to work under pressure in a fast paced environment and welcomes challenges

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