Associate, Capital Management

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

Job summary

Singlife seeks an experienced actuary for its Singapore office to lead valuation and capital management activities within Life and Health. You will build and optimize models, analyse capital impacts under multiple scenarios, and explore relief solutions with reinsurers and internal teams.

The role requires strong collaboration with Finance, Investment Office, regulators, auditors, and group entities, plus an ability to drive projects to timely completion in a fast-paced environment.

Qualifications

• At least 5 years of 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.
• Excellent teamwork and collaboration with internal and external stakeholders including Finance, Investment Office, regulators, auditors, reinsurers and group office.

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 solutions into BAU process.

Skills

Actuarial experience

Teamwork

Self-motivation

Stakeholder collaboration

Education

Bachelor/Master in Actuarial Science

Actuarial qualifications in progress

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. The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time. Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Appointments

• Balance Sheet Management within Capital Management function of Singlife.

Key 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.

Key Decisions Within The Role

• Provide insights into organisation’s financial position/sensitivities and optimize capital to help drive sustainable growth.

Requirements

Experience

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

Education

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