Actuarial Senior Officer/Assistant Manager/Manager

CHINA LIFE INSURANCE (SINGAPORE) PTE LTD; Santo Niño 1st; On-site; PHP 900,000 - 1,300,000; Full time

Job summary

CHINA LIFE INSURANCE (SINGAPORE) PTE LTD is seeking an experienced actuary to prepare reserves, embedded value assessments, and statutory submissions. You will analyze movement in valuation results, support system enhancements and coordinate with internal and external stakeholders on valuation-related projects.

The role requires familiarity with RBC2 regulations and actuarial reserving, along with strong MS Excel skills.

Qualifications

• Bachelor's degree in Actuarial Science or related subject.
• Good communication and project management skills.
• Familiar with Singapore RBC2 regulations and RBC2 development is an advantage.
• Familiar with actuarial reserving and embedded value reporting.
• Proficient in MS Excel and MS Access.

Responsibilities

• Responsible for the preparation of reserves, new business embedded value, statutory forms and other internal and external reports.
• Perform analysis of results, including explanation of movement in valuation results.
• Provide support in enhancing and modification of the valuation system.
• Monitor the financial positions of the company to ensure ongoing RBC2 solvency.
• Assist to manage valuation related projects and coordinate with internal and external parties.
• Involve in the annual review exercise of experience studies, bonus investigation, stress test and policies such as reserving SOP, NBEV SOP, CAR computation SOP and Par Internal Governance Policy.
• Assist in the preparation of annual SAA review and business plan.
• To participate in other projects assigned by the Chief Actuary

Skills

Communication skills

Project management

RBC2 regulations familiarity

Education

Bachelor's degree in Actuarial Science or related subjects

Tools

MS Excel

MS Access

Job description

Roles and Responsibilities

• Responsible for the preparation of reserves, new business embedded value, statutory forms and other internal and external reports
• Perform analysis of results, including explanation of movement in valuation results
• Provide support in enhancing and modification of the valuation system
• Monitor the financial positions of the company to ensure ongoing RBC2 solvency
• Assist to manage valuation related projects and coordinate with internal and external parties
• Involve in the annual review exercise of experience studies, bonus investigation, stress test and policies such as reserving SOP, NBEV SOP, CAR computation SOP and Par Internal Governance Policy
• Assist in the preparation of annual SAA review and business plan

Others

• To participate in other projects assigned by the Chief Actuary

Job Requirements

1. Good degree in Actuarial Science or related subjects
2. Job title and rank depend on the number of years actuarial working experience in direct life insurance business or consulting firms
3. Familiar with Singapore RBC2 regulations and RBC2 development is an advantage
4. Familiar with actuarial reserving and embedded value reporting
5. Proficient in MS Excel and MS Access
6. Good communication and project management skills