GRIT Trainee, Actuarial

GrabTaxi Holdings Pte. Ltd.; Singapore; On-site; SGD 20,000 - 60,000; Full time

Job summary

A leading regional superapp is seeking a trainee for a 6-month full-time role based in Singapore. This position is part of the GRIT Programme, focusing on insurtech functions such as financial and regulatory reporting, risk management, and product development. Ideal candidates should have a degree in Actuarial Science or related fields, with a strong quantitative background. Interns will receive benefits including medical insurance and flexible work arrangements.

Benefits

Comprehensive Medical Insurance

Leave Entitlement

Flexible Work Arrangements

Community Involvement

FlexWork arrangements

Qualifications

• Strong track record of achieving exemptions or completing exams towards an actuarial fellowship.
• Strong graduates from quantitative degrees with a track record of completing actuarial exams.

Responsibilities

• Assisting in financial and regulatory reporting, including reserving.
• Assisting in the day to day risk management activities.
• Assisting in product development, launches, or iterations.

Skills

Quantitative analysis

Actuarial science

Financial reporting

Education

Bachelor's degree in Actuarial Science or related quantitative field

Job description

About Grab and Our Workplace

Grab is Southeast Asia's leading superapp. From getting your favourite meals delivered to helping you manage your finances and getting around town hassle-free, we've got your back with everything. In Grab, purpose gives us joy and habits build excellence, while harnessing the power of Technology and AI to deliver the mission of driving Southeast Asia forward by economically empowering everyone, with heart, hunger, honour, and humility.

Get to Know the Team

GrabInsure is the insurtech arm of Grab operating as an insurance company and insurtech. The unit's mission is to enable affordable insurance solutions for the underserved communities of South-East Asia.

Get to Know the Role

This is a 6 months full-time onsite role based in Singapore as part of the GRIT Programme. This role will support the various activities involved in the running of an insurtech. The trainee will gain some experience in key functions including business development, financial reporting, risk management, and others.

The Critical Tasks You Will Perform

The trainee may be involved in the following areas:

• Assisting in financial and regulatory reporting, including reserving
• Assisting in the day to day risk management activities of the Company
• Assisting in product development, launches, or iterations
• Assisting in project management or co-ordination of activities for

The Company may choose to rotate its interns through various functions or focus the internship on one area, depending on the needs of the Company at the time and the suitability of the intern.

Technical Skills and Competencies Trainee will learn during the traineeship

1. Actuarial reserving
2. IFRS 17 financial reporting
3. Financial reporting processes
4. MAS regulatory reporting
5. Risk management practices

What Essential Skills You Will Need

• Bachelor's degree in Actuarial Science or a related quantitative field from an accredited institution; new graduates are encouraged to apply.
• Strong track record of achieving exemptions or completing exams towards an actuarial fellowship.
• Strong graduates from quantitative degrees (e.g. pure mathematics, theoretical physics) with a track record of completing actuarial exams will also be considered.

Life at Grab

We care about your well-being at Grab, here are some of the global benefits we offer our Interns:

• Comprehensive Medical Insurance: We got you covered with medical insurance plans.
• Leave Entitlement: Enjoy a range of leave options including Annual Leave, Medical Leave, and Hospitalization Leave.
• Flexible Work Arrangements: Benefit from a flexible work schedule that allows you to balance your academic commitments and personal life.
• Community Involvement: Get involved in community service through Love-all-Serve-all (LASA) programs.
• Balancing personal commitments and life's demands are made easier with our FlexWork arrangements such as differentiated hours

What We Stand For At Grab

We are committed to building an inclusive and equitable workplace that enables diverse Grabbers to grow and perform at their best. As an equal opportunity employer, we consider all candidates fairly and equally regardless of nationality, ethnicity, religion, age, gender identity, sexual orientation, family commitments, physical and mental impairments or disabilities, and other attributes that make them unique