Actuarial Senior Officer / Assistant Manager

China Life Insurance Company Singapore (CLIS) aims to cultivate a strong sense of belonging among all employees through a people-oriented corporate culture.

Position Objective:

• To be involved in areas such as IFRS17 valuation reporting functions, actuarial modelling (liability model/ALS model), as well as other ad-hoc actuarial projects.

Job Description:

• Support IFRS17 valuation reporting for production and ensure the financials are in compliance with current accounting standards.
• Identify areas of enhancement in IFRS17 valuation reporting to streamline and add value to the current production process.
• Maintenance and enhancement of both Prophet liability and ALS model for RBC2, IFRS17, and other internal reporting purposes.
• Support IFRS 17 business planning, including but not limited to the development of new capabilities/KPIs, analyzing financial results, sensitivity testing, and optimizing business strategies with a forward-looking view.
• Drive and provide support to audit matters, as well as other ad-hoc projects related to IFRS17.
• Support other business unit functions, if needed.

Job Requirements:

• Bachelor's degree in Actuarial Science or closely related subjects, such as Data Analysis and Mathematics.
• Minimum 3 to 5 years of working experience related to IFRS17 valuation in the life insurance industry.
• Technical, sensitive to details, ability to work independently and apply critical thinking.
• Job title and rank depend on the number of years of actuarial working experience in Life/GI insurance.
• Proficient in MS Excel, Macro, and Prophet Model coding.
• Good communication skills, meticulous and detail-oriented team player.
• Must be a member of an actuary association recognized by the Singapore actuarial society and have good progress in actuarial exams.
• Ability to read and write in Chinese will be an advantage.
• Fluent in both spoken and written English and Chinese.