Associate, Capital Management

Singlife Group; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Singlife is a leading homegrown financial services company in Singapore seeking an experienced actuarial professional to support capital management and ALM analyses. You will build scenario-based models, assess capital relief solutions, and provide insights into financial position and sustainable growth.

Requirements include 5+ years actuarial experience in life and health valuation, degree in actuarial science, and progress toward actuarial qualifications.

Qualifications

• 5+ years actuarial experience in life and health valuation.
• Strong knowledge of Singapore Risk Based Capital 2.
• Self-driven and able to motivate team members to deliver projects on time.
• Great teamwork and collaboration with internal and external stakeholders.

Responsibilities

• Matching adjustment portfolio optimization.
• Focused capital requirement optimization.
• Build scenario-based ALM models to support strategic decision-making.
• Conduct in-depth capital impact analyses under various economic and regulatory conditions.
• Explore capital relief solutions including financial reinsurance and captive reinsurance.
• Quantify and assess impact of capital relief solutions, and model/implement these capital relief solutions into BAU process.

Skills

Actuarial experience

Team leadership

Self-driven

Stakeholder collaboration

Financial modelling

Education

Bachelor’s/Master’s degree in Actuarial Science

Professional Certification(s)

Job description

Singlife is aleading homegrown financial services company, offering consumers a better wayto financial freedom. Through innovative, technology-enabled solutions and awide range of products and services, Singlife provides consumers control overtheir financial wellbeing at every stage of their lives.

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

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

The merger of AvivaSingapore and Singlife was announced in September 2020 and created one of thelargest homegrown financial services companies in Singapore in a deal valued atS$3.2 billion. It was the largest insurance deal in Singapore at the time.

Singlife wassubsequently acquired by Sumitomo Life in March 2024, one of Japan’s leadinglife insurers, which valued Singlife at S$4.6 billion, making the transactionone of the largest insurance deals in Southeast Asia.

Key Appointments:

• Balance Sheet Management within Capital Management function of Singlife.

Key Responsibilities:

• Matching adjustment portfoliooptimization.
• Focused capital requirementoptimization.
• Build scenario-based ALM models tosupport strategic decision-making.
• Conduct in-depth capital impactanalyses under various economic and regulatory conditions.
• Explore capital relief solutionsincluding financial reinsurance and captive reinsurance.
• Quantify and assess impact of capital relief solutions, andmodel/implement these capital relief solutions into BAU process.

Key Decisions within the Role:

• Provideinsights into organisation’s financial position/sensitivities and optimizecapital to help drive sustainable growth.

Requirements:

Experience

• At least 5 years of actuarialexperience in life and health valuation.
• Strong knowledge/experience ofSingapore Risk Based Capital 2.
• Self-driven and able to motivateteam members to deliver projects on a timely basis.
• Great teamwork and collaborationwith internal and external stakeholders including Finance, Investment Office,regulators, auditors, reinsurers and group office.

Education

• Academic:Bachelor’s/Master’s degree in Actuarial Science.
• ProfessionalCertification(s): Working towards obtaining actuarial qualifications.