Actuarial Analyst

AIA SINGAPORE PRIVATE LIMITED; Singapore; On-site; SGD 65,000 - 110,000; Full time

Job summary

AIA SINGAPORE PRIVATE LIMITED seeks a meticulous actuarial professional to support regular reporting and analytics for life insurance products in Singapore. You will analyze drivers, prepare management packs, and apply AI-enabled processes to raise efficiency and accuracy.

The role emphasizes model maintenance, system testing and collaboration on strategic projects with local and Group Office teams.

Qualifications

• University graduate in Actuarial Science, Mathematics or Statistics.
• 1–2 years life insurance actuarial experience preferred.
• Progression in actuarial examinations encouraged.

Responsibilities

• Prepare IFRS reporting tasks and address issues promptly.
• Analyze OPAT drivers, CSM movements and explain results to local management.
• Assist in management reports, business analysis and reporting packs.
• Leverage data and AI-enabled solutions to improve reporting and efficiency.
• Maintain actuarial models and reporting systems to support requirements.
• Support product changes, model enhancements and governance documentation.

Skills

Python

R

VBA

SQL

SAS

Actuarial software

Education

University degree in Actuarial Science/Math/Statistics

Tools

R

VBA

SQL

SAS

Actuarial software

Job description

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 – At least 1-2 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