Assistant Manager/Senior Executive, 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 experienced professional to join their Actuarial General Insurance Team. The role focuses on IFRS 17 financial reporting, requiring development and validation of actuarial models. Candidates should have a Bachelor's degree in actuarial science and 4-5 years of experience in General Insurance. Proficiency in Microsoft Office and data software is essential, along with strong analytical skills and teamwork abilities. This role provides an exciting opportunity to contribute to innovative insurance solutions.

Qualifications

• Good progress in actuarial qualifications (IFoA, SoA, IoAA, CAS).
• At least 4-5 years of relevant experience in General Insurance reserving.
• Experience in IFRS 17 reporting or related projects preferred.

Responsibilities

• Accountable for timely and accurate IFRS 17 financial reporting.
• Develop and maintain actuarial models for IFRS 17 calculations.
• Perform technical analyses on financial results.

Skills

Proficient with Microsoft Office

Data software such as Alteryx

Strong analytical skills

Adaptability

Team player

Education

Bachelor's degree in actuarial science or equivalent

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 4-5 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