Assistant Manager, Actuarial (GI IFRS17)

INCOME INSURANCE LIMITED; Singapore; On-site; SGD 70,000 - 90,000; Full time

Job summary

A leading insurance firm in Singapore is seeking an Actuarial Analyst to support IFRS 17 financial reporting and develop actuarial models. The ideal candidate will have a Bachelor's degree in actuarial science, over 5 years of relevant experience in general insurance, and proficiency in data analysis tools like Alteryx. This role involves working closely with various departments to deliver accurate and timely reporting results.

Qualifications

• At least 5 years of relevant experience in General Insurance.
• Good progress in actuarial qualifications (IFoA, SoA, IoAA, CAS).
• Experience in IFRS 17 reporting or related projects is an advantage.

Responsibilities

• Accountable for IFRS 17 financial reporting timeliness and accuracy.
• Develop, maintain, and validate actuarial models for IFRS 17.
• Perform technical actuarial analyses and provide business insights.
• Contribute to IFRS 17 actuarial reports for stakeholders.
• Enhance IFRS 17 models and workflows for process automation.
• Support audit processes for IFRS 17 reporting.

Skills

Actuarial science

Financial reporting

Data analysis

Team collaboration

Microsoft Office

Alteryx

Education

Bachelor's degree in actuarial science or equivalent

Tools

Microsoft Office

Alteryx

Job description

Income Insurance Actuarial team aims to create exponential value and cultivates a dynamic learning culture. We are a strong partner with other departments to transform and innovate the delivery of simple, honest and customer-focused insurance solutions. You will be an integral member of the Actuarial General Insurance Team who will work in collaboration with other key team members, the Finance, Business & Claim Departments on key functions pertaining to General Insurance IFRS 17 reporting.

Key Responsibilities:

• Accountable for the timeliness and accuracy of IFRS 17 financial reporting deliveries, in compliance with accounting standards.
• Develop, maintain, and validate actuarial models and assumptions used in IFRS 17 calculations.
• Perform technical actuarial analyses on the financial results, provide insights to support business decision-making.
• Contribute to the preparation of IFRS 17 actuarial reports and disclosures for internal and external stakeholders.
• Develop and enhance IFRS 17 models and workflows to automate actuarial work processes.
• Support audit processes related to IFRS 17 actuarial reporting.

Requirements:

• Bachelor's degree in actuarial science or equivalent with good progress in actuarial qualifications (IFoA, SoA, IoAA, CAS)
• At least 5 years of relevant experience in General Insurance reserving and financial reporting actuarial functions
• Proficient with Microsoft Office and data software such as Alteryx
• Experience in IFRS 17 reporting or involvement in IFRS 17-related projects will be an advantage
• Strong team player who is adaptable, open to a dynamic working environment and willing to explore new ways of working
• Meticulous and strong analytical skills