Actuarial, Analyst

AIA SINGAPORE PRIVATE LIMITED; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

AIA SINGAPORE PRIVATE LIMITED is seeking an Actuarial Analyst with 0–2 years of life insurance actuarial experience to perform IFRS reporting, analyze drivers, and support management reporting. You will help maintain models, participate in system enhancements, and contribute to strategic financial planning.

Strong programming knowledge and actuarial software familiarity are valued. Join a dynamic actuarial team focused on accuracy, efficiency, and innovative analytics to support business

Qualifications

• Education – University graduate (Actuarial Science/Math/Statistics)
• Experience – 0–2 years in life insurance actuarial work
• Certifications/Licences – Progression in, or intention to pursue, professional actuarial examinations
• Technical Skills – Knowledge of actuarial software and programming languages such as Python, R, VBA, SQL or SAS would be an advantage

Responsibilities

• Regular reporting and analysis (60%). IFRS reporting tasks and address issues timely and effectively.
• Analyze OPAT drivers, CSM movements, and explain financial results to local management and Group Office.
• Support preparation of management reports, business analysis and reporting packs.
• Leverage data, automation and emerging technologies, including AI-enabled solutions, to improve reporting processes, analytics and operational efficiency.

Skills

Analytical thinking

Communication

Team collaboration

Python basics

Education

University graduate in Actuarial Science/Math/Statistics

Tools

Python

R

SQL

VBA

SAS

Actuarial software

Job description

Roles and Responsibilities:

Regular reporting and analysis (60%)

• Perform IFRS reporting tasks and take appropriate actions to address any potential issues in a timely and effective manner.
• Analyze OPAT drivers, CSM movements, and assist in providing explanations of financial results to local management and Group Office.
• Support the preparation of management reports, business analysis and reporting packs.
• Leverage data, automation and emerging technologies, including AI-enabled solutions, to improve reporting processes, analytics and operational efficiency.

System and Model Maintenance (30%)

• Maintain actuarial models and reporting systems to support financial reporting and business requirements.
• Support implementation and maintenance of new products, model enhancements and system changes, ensuring alignment with business and pricing requirements.
• Assist in system testing, model validation, reconciliations, user acceptance testing (UAT) and issue resolution.
• Document system and model changes, including preparation of change logs, testing evidence and maintenance of governance documentation.
• Support ongoing improvements to actuarial systems, processes and controls to enhance efficiency, reliability and data quality.

Strategic planning and projects (10%)

• Support the annual strategic planning exercise, including the enhancement of models for the budget exercise, and preparation of management reports / presentations
• Support company projects and initiatives from a financial reporting perspective

Minimum Job Requirements:

• Education – University graduate (Major in Actuarial Science, Mathematics, Statistics, or related discipline)
• Experience – 0 to 2 years of life insurance-related actuarial working experience
• Certifications/Licences – Progression in, or intention to pursue, professional actuarial examinations
• Technical Skills – Knowledge of actuarial software and programming languages such as Python, R, VBA, SQL or SAS would be an advantage