Actuarial Senior Officer/Assistant Manager/Manager

china life insurance (singapore) pte. ltd.; Singapore; On-site; SGD 90,000 - 150,000; Full time

Job summary

china life insurance (singapore) pte. ltd. is seeking an actuarial professional focused on valuation to prepare reserves, embedded value analyses, and statutory forms.

The role involves analyzing results, supporting system enhancements, and coordinating valuation-related projects with internal and external stakeholders. The candidate should have a good actuarial degree, familiarity with RBC2 regulations, and strong communication and project management skills.

Qualifications

• Bachelor's degree in Actuarial Science or related subjects.
• Familiar with Singapore RBC2 regulations; RBC2 development is an advantage.
• Experience in actuarial reserving and embedded value reporting.
• Good communication and project management skills; reading Chinese is an advantage.

Responsibilities

• Prepare reserves, new business embedded value, statutory forms and other reports.
• Analyze results and explain movements in valuation results.
• Support improvements to valuation systems.
• Monitor RBC2 solvency and financial positions.
• Coordinate valuation-related projects with internal/external parties.
• Assist in annual experience studies, bonus investigations, stress tests and SOPs/policies.

Skills

Communication

Project management

Chinese reading (advantage)

Education

Bachelor's degree in Actuarial Science

Tools

MS Excel

MS Access

Job description

Roles and Responsibilities:

Actuarial - Valuation:

• 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
7. Ability to read Chinese will be an advantage