Job Listing

The Job

- As the HoD responsible for IFRS17 financial reporting to obtain auditor’s sign off on IFRS17 financial statements.
- Review the IFRS17 transition opening balance including liability reconciliation and Fair Value Approach/CSM calculations.
- Review IFRS17 2022 comparative and 2023 financial statements, followed by 2024 quarterly reporting
- Support CFO and senior management in performing management assessments on reasonableness of IFRS17 results, including performing liability, CSM and profit movement and forecast analyses,
- Work closely with the auditor and regional office to meet IFRS17 deadlines.
- Work closely with Finance on the preparation of IFRS17 quarterly and annual financial statements and relevant disclosure notes for SGAAP.
- Work closely with the Malaysia office to prepare Singapore office’s annual Group consolidated financial reporting
- Managing a team of actuarial staff on day-to-day work
- Work with Actuarial Pricing and provide feedback to implement IFRS17 in pricing. Review the analysis of Significant Insurance Tests and liability liquidity assessments done by Actuarial Pricing team for new products.
- Implement enhancements and best practices to shorten the IFRS17 financial reporting time needed for quarter-end and annual reporting cycles.

JOB REQUIREMENTS

- Degree in Actuarial
- Professional certifications (e.g., Fellow of Society of Actuaries…)
- Experience in implementing IFRS17 and managing IFRS17 financial reporting team
- Deep understanding of MAS RBC2 reporting is a plus
- Excellent conceptual and analytical skills
- Excellent communication and stakeholder management skills and ability to work well with external stakeholders and auditors is very important
- Good interpersonal skills and ability to guide and motivate staff

Roles & Responsibilities
Governance, Risk & Compliance
- Support a strong GRC (Governance, Risk and Compliance) culture and conduct within the team.

Business
- Support the development and implementation of IFRS17 Reporting in the Singapore business.

Leadership
- Head of Department (HoD) for IFRS Financial Management

People & Talent
- Guide and manage a team of actuarial staff to develop the experience and in-house expertise to ensure the Singapore business is able to report IFRS17 on a timely and sustainable basis.
- Provide mentorship and coaching to direct reports to ensure they are highly engaged and performing to the best of their potential.
- Responsible for developing bench strength in the team
- Develop Individual Learning and Development Plans for all reports

Other Responsibilities
- The incumbent may be assigned additional/new roles when circumstances change.
- The Company reserves the right to revise the roles and responsibility as it deems fit, as and when necessary, and will inform the staff accordingly.

Key Stakeholders
(A) Internal
- Singapore Chief Actuary and MC members
- Actuarial (BAU), Pricing, Modelling & EV reporting team, and other actuarial colleagues
- Finance (Reporting, Ops, Investment Reporting, FRS FIN)
- Investment Management
- ITD colleagues (especially FRS IT project members)
- Asia Regional Office

(B) External
- External auditors
- External advisors and consultants
- Malaysia AA and CFO as and when necessary

Committees
- The incumbent will be invited to attend Financial Management Committee (FMC) to report on IFRS17 results.