Raffles Medical Group Ltd – Actuarial Intern

Company
Raffles Medical Group Ltd
rafflesmedical.com
Designation
Actuarial Intern
Date Listed
13 Aug 2024
Job Type
Entry Level / Junior Executive
Intern/TS
Job Period
Immediate Start, For At Least 3 Months
Profession
Accounting / Auditing / Taxation
Industry
Healthcare / Fitness / Sports
Location Name
Raffles Hospital, Singapore
Address
585 North Bridge Road Raffles Hospital, Singapore 188770
Map
Allowance / Remuneration
$800 - 1,200 monthly
Company Profile

About Raffles Medical Group

Founded in 1976, Raffles Medical Group (RMG or the Group) is one of the leading integrated private healthcare providers in the region, providing a continuum of services from primary, secondary, and tertiary care to wellness and health insurance for people across Asia.A proudly Singaporean brand, RMG is listed on the mainboard of the Singapore stock exchange (SGX: BSL) and operates in 14 cities in five countries in Asia. This network includes four hospitals and over 100 multi-disciplinary clinics, offering services such as health screening, specialist care, diagnostic radiology, dental, and traditional Chinese medicine. Together with about 2,900 employees, RMG brings more than 47 years of trusted healthcare expertise and care to over 2.8 million patients annually across our network as their trusted partner for health.

Job Description

Objective of Internship

The aim of this program is to provide a comprehensive enrichment experience for interns to have an overview of the actuarial work in Health Insurance Industry. During this program, interns will have the opportunity to participate in actuarial related work and data analytics work in Raffles Health Insurance. The interns will be given the exposure to understand the medical related data, ie socioeconomic data of patient, claims data and medical services utilization data along with healthcare trending data. With the guidance, they are required to organize, present and analyse the data and present key stakeholders the business insight. They will also support in product pricing and valuation reporting in Actuarial department. We hope that at the end of this program, they will have a better understanding of the healthcare and health insurance industry.


Job Description 

Reporting

- Designing and enabling profitability forecasting by product framework

- Enhancing in-house reserving tool

- Redefining existing actuarial framework and toolset

- Assist in streamlining and developing automated solutions for financial reporting, with understanding of the various Actuarial and Finance processes


Pricing

- Working with pricing team members to enhance the functionality of pricing model

-Streamline the controls and checking

-Prepare user requirements, test plans and perform UAT.

- Help in various competitor analysis and market study in health insurance industry

 

Qualifications 

- Students in Actuarial Science, Mathematics, Statistics or other related disciplines that possesses an analytical and quantitative component

- Experience in product lines such as life product or health product will be an advantage.

- Strong analytical skills, attention to details, resourceful and team player.

– Self-motivated and well-organised individual to be able to manage full product development and approval cycle independently with support from other teams

This position is already closed and no longer available.  You may like to view the other latest internships here.

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