Assistant Manager/ Senior Executive, Actuarial Valuation

Key Responsibilities:

• Conduct monthly reserve valuations for premium and claims liabilities, ensuring accuracy and compliance with regulatory standards.
• Analyze and present valuation results to stakeholders, providing insights to support strategic decision-making.
• Perform experience studies covering mortality, morbidity and persistency
• Support the development, enhancement, and maintenance of actuarial models and valuation methodologies. This comprises both IFRS 17 and IFRS 4 bases.
• Carry out capital management activities which includes supporting annual ORSA exercise, business projections and budgeting, monitoring the Capital Adequacy Ratio (CAR) and stress testing.
• Manage reinsurance for the in-force block of business. This covers treaty management, reinsurance premium processing, and recoveries.
• Preparation of MAS regulatory returns, ensuring full compliance with local reporting standards.
• Liaise with auditors during annual financial closings, ensuring alignment with both IFRS 4 and IFRS 17 frameworks.
• Collaborate with relevant stakeholders to enhance workflows, as well as ensuring data appropriateness and accuracy.
• Keep up-to-date with changes in actuarial standards, regulations, and industry best practices to ensure compliance and to apply the latest methodologies.

Requirements:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field.
• Experience in life and/or health insurance.
• Minimum 4-5 years of actuarial experience, with a focus on valuation and financial reporting
• Proficiency in Microsoft Office suite of applications, In particular, Excel, Word, PowerPoint and Outlook.
• Familiarity with programming languages such as R, Python, or SQL for data analysis.
• Knowledge of financial reporting standards. In particular, Singapore FRS 4, IFRS17 and Singapore RBC.
• Strong analytical and problem-solving abilities.
• Good progress towards completion of actuarial exams (e.g., Society of Actuaries (SOA), Institute and Faculty of Actuaries (IFoA)).