Senior Analyst, Actuarial

Posted:
11/26/2024, 5:14:55 PM

Location(s):
Singapore, Singapore

Experience Level(s):
Senior

Field(s):
Finance & Banking

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

Job Description

Senior Analyst, Actuarial

Job Summary:

This is an individual contributor role where the Senior Analyst will report to the Director and be responsible for actuarial modelling & analysis to ensure accurate & timely IFRS17 financial reporting as well as maximize value for the company. The Senior Analyst will collaborate with other sections within the Singapore team, Regional/Corporate Office/HuBS colleagues as well as work directly with the Chief Actuary. The role allows for maximum exposure to other team leaders within the Singapore actuarial team and across business functions, as well as providing excellent career development opportunities for strong candidates. This is a unique opportunity to help the Singapore business grow its presence within the High-Net-Worth market space while managing its business profitability and risk levels. We offer a competitive benefit package and actuarial exam support.

Key Responsibilities:

  • Production of IFRS17 actuarial reserve, LICAT capital calculations and other management reporting deliverables for a business line to be submitted to Regional/Corporate Office during quarter close
  • Conduct robust analysis into the Drivers of Earnings of the business pre and during quarter close, including collaborations with ALM, Finance, Investment and Regional/Corporate teams
  • Quantifying and analyzing sensitivities of the business to identify any potential vulnerabilities, as well as collaborating with ALM, Finance, Investment and Regional/Corporate teams to implement mitigating strategies
  • Building out a robust process and implementation of LICAT capital calculations, while collaborating with a Regional/Corporate Office/HuBS colleagues
  • Collaborate with centralized modeling team to maintain and enhance existing and new actuarial valuation models, as well as help in implementing new product initiatives
  • Collaborate with other employees to build and enhance processes to ensure efficient workflows and a strong control environment
  • Conduct any ad-hoc risk quantification & analysis and contribute to mitigation strategies and alternatives.
  • Additional duties as may be required from time to time by Senior Management.

Job Requirements

  • Minimum of 5 years of experience in Life Insurance industry
  • Actuarial exam progression with a recognized international actuarial body
  • Experience with IFRS17 is preferred
  • Experience with any valuation and reserve/capital framework is required
  • Experience and proficiency in Microsoft Office is required
  • Strong technical skills and problem-solving ability, able to work in a dynamic environment
  • Strong cross team collaboration skills
  • Experience with Moody’s AXIS, Pathwise, Prophet or an alternative actuarial modelling software is preferred

We offer attractive salary, group life and group medical insurance; and excellent career development opportunities to the right candidate.

We are an equal opportunity employer and welcome applications from all qualified candidates. Application forms and resume will be kept for a period of 24 months after completion of the recruitment process. (All information will be held in strict confidence and only be used for recruitment purpose).

Job Category:

Actuarial

Posting End Date:

27/02/2025