Job Description
The Role
Reporting to the AVP, Corporate Actuarial, this role is responsible for financial reporting, with a focus on local statutory reporting and capital management including capital forecast and capital optimisation. The incumbent is required to lead and present the results with quality analysis and insights to aid business decisions. The incumbent is also required to manage the day-to-day operations of financial reporting and implement process improvements. The incumbent is expected to work collaboratively within team, across teams and functions, as well as with Division.
This role will also assume people management responsibilities for junior members and be involved in a variety of other activities including:
- Experience analysis
- MI reporting
- Maintenance and testing of actuarial system
- Ad-hoc divisional and local projects
Duties
- Lead the local quarterly and annual reporting as well as local and Division ORSA
- Lead in-force management activities, including solvency monitoring, experience analysis, capital forecast, capital optimisation, enhancements to improve efficiencies and analytics
- Ensure maintenance and adequate testing of actuarial system
- Lead or support divisional and local projects, support business planning, onboard new treaties or reporting basis
Qualifications & Experience
Essential
- Qualified actuary with at least 6 years’ working experience in life insurance or life reinsurance, including at least 3 years in valuation reporting.
- Strong knowledge of MAS regulations
- Strong understanding of actuarial valuation principles and processes, knowledge and experience of actuarial control cycle is a plus
- Strong analytical, problem solving and communication skills
- Proficient in MS-Excel and one actuarial software
Desirable Experience
- Direct or indirect Asian market experience and knowledge: culture, legislation, regulations and commercial practices
- Demonstratable knowledge of IFRS17, US GAAP, BMA and economic capital framework
- Experience in leading a small team
- Proficiency in one Asian language is a plus