Associate, Actuarial IFRS17

Singlife Life Ltd; Singapore; On-site; SGD 55,000 - 75,000; Full time

Job summary

A leading financial services company in Singapore is seeking an IFRS 17 Actuarial Associate to join their team. This role will be pivotal in optimizing processes related to IFRS 17 reporting, with opportunities to explore automation and data management layer transformations. Candidates should have a degree in Actuarial Science and at least 4 years of actuarial experience. This position promises a dynamic environment with a focus on innovation and teamwork.

Qualifications

• Minimum 4 years of actuarial valuation experience required.
• Strong technical skills and proficiency in actuarial applications essential.
• Actuarial student with good exam progress preferred.

Responsibilities

• Identify opportunities for improvement within IFRS17 reporting processes.
• Collaborate with teams to implement system changes for process enhancements.
• Maintain documentation of work performed and findings during implementations.

Skills

Analytical skills

Problem-solving skills

Communication skills

Education

Bachelor’s/Master’s degree in Actuarial Science or related field

Professional Certification(s) from an Internationally Recognized Actuarial Body

Tools

Prophet

MS Excel/VBA

SQL

Alteryx

Job description

Singlife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.

Singlife is looking for a IFRS 17 Actuarial Associate to be part of a team of problem solvers. The role will play an important role in the Actuarial function to help optimize processes, systems and implement data management layer transformations to improve efficiency and productivity.

Key Responsibilities

• Understand and analyze current business processes and workflows to identify opportunities for improvement within the IFRS17 end-to-end process to ensure efficient IFRS17 reporting.

• Assist in development and implementation of controls and solutions for identified areas, aligning to the requirements of the business and IFRS17 processes.

• Assist in user acceptance testing and validation of results from source systems, data management layer and IFRS17 Subledger.

• Collaborate with multiple teams such as Finance and IT to implement system changes and enhancements that support end-to-end IFRS17 process improvements.

• Maintain documentation of work performed, key findings and solutions as part of the implementation process.

• Explore opportunities for automation to streamline repetitive and manual tasks (across teams)

• Develop automation solutions using software tools (e.g. Alteryx / SQL) to streamline repetitive and manual tasks

• Participates in ad-hoc projects as and when assigned.

Requirements

Experience

• Minimum 4 years of actuarial valuation experience

• Strong verbal and written communication skills in English

• Excellent technical, analytical and problem-solving skills

• Proficient at Actuarial work application (i.e. Prophet, MS Excel/VBA) and proficiency in additional programming languages is a plus

Education

• Academic: Bachelor’s/Master’s degree in Actuarial Science or related field

• Professional Certification(s): Internationally Recognized Actuarial Body (preferred) – Actuarial student with good exam progress

Attributes

• High level of integrity and accountability with a strong attitude towards teamwork

• Proactive in improving current processes and adaptable to new changes

• Eager to learn and demonstrate a growth mindset

• Embrace innovation