Job Purpose
The role will join a team of actuaries in Valuation as Manager with a key focus on Capital Adequacy Ratio and the related in-depth analysis, as well as support in policy liabilities valuation and critical regulatory reporting.
The Job
- Responsible for the computation and analysis of RBC2 Capital Adequacy Ratio, particularly asset and liability risk charges, and communicating the results to the stakeholders.
- Responsible for reviewing asset and liability risk charges calculations to ensure compliance to MAS guidelines.
- Assist in policy liability valuation and preparation of statutory forms, as well as other internal and external reports.
- Provide responses to queries from regulators and auditors, as well as internal parties.
- Set up reporting process for IAIS Insurance Capital Standard (ICS) implementation and bridge to both MAS RBC2 and IFRS17 framework.
- Guide junior members in the team and review their work to ensure quality and timely completion of core deliverables.
- Proactively explore areas for enhancement to raise the standard of current work practice.
- Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
- Maintains awareness of industry trends and development on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
- Highlights potential concerns /risks and proactively shares the best risk management practices.
Our Requirements
- Degree holder in Actuarial Science and with good progress in Actuarial exams
- 4 to 6 years of actuarial work experience
- Proficient at Actuarial reserving, with familiarity with Singapore RBC2 framework being an advantage, particularly asset and liability risk charge calculations
- Excellent time management and communication skills
- Excellent in statistical analysis and problem solving
- Self-motivated, able to multi-task, work independently under tight timeline
- Keen and passionate to explore new approach / tools.
- Proficient at Actuarial work applications such as Prophet and MS Excel, with proficiency in SQL being an advantage.
- High level of integrity, takes accountability of work and good attitude over teamwork.
- Takes initiative to improve current state of things and adaptable to embrace new changes.