Associate/Assistant Director, Insurance Department

Monetary Authority of Singapore; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading financial authority in Singapore is looking for Officers to monitor the financial soundness of insurance companies. The role involves understanding financial terms, risk management, and participating in policy projects. Ideal candidates will have at least 1 year of experience in auditing or insurance and must exhibit strong analytical and communication skills. Join a dynamic environment requiring effective prioritization and teamwork.

Qualifications

• Minimum 1 year in auditing, risk management, or insurance.
• Knowledge in actuarial science, risk analytics is a plus.
• Ability to manage multiple priorities.

Responsibilities

• Monitor financial soundness of insurance companies.
• Understand financial terms and risk management strategies.
• Involved in regulatory and supervisory policy projects.

Skills

Analytical abilities

Interpersonal skills

Written communication

Verbal communication

Independence

Teamwork

Job description

What the role is

Officers will be assigned a portfolio of insurance companies and will be responsible for monitoring their financial soundness and good business practices using a risk-based supervisory approach.

What you will be working on

In supervising these insurance companies, you will be required to understand key financial terms, risk management strategies and their applications to insurance business. Besides supervising a portfolio of insurance companies, you will be also involved in various projects in regulatory and supervisory policy areas.

What we are looking for

• Relevant experience, preferably with at least 1 year in auditing, risk management or insurance.
• Relevant knowledge relating to the insurance sector such as actuarial science, risk analytics, risk management will be an added advantage.
• Strong analytical abilities and good interpersonal skills.
• Good written and verbal communication skills.
• Ability to work well independently as well as in a team.
• You will be working in a fast-paced environment that would require the ability to manage multiple priorities and needs of stakeholders, as well as the agility to respond to changes and developments.

As part of the shortlisting process for this role, you may be required to complete a medical declaration and/or undergo further assessment. All applicants will be notified on whether they are shortlisted or not within 4 weeks of the closing date of this job posting.

About Monetary Authority of Singapore

MAS is the central bank of Singapore. Our mission is to promote sustained non‑inflationary economic growth, and a sound and progressive financial centre.