IFRS17 Actuarial Specialist (2-Year Contract)

Prudential Services Asia; Singapore; On-site; SGD 90,000 - 130,000; Full time

Job summary

Prudential Services Asia is seeking an actuarial professional to join the IFRS17 reporting team in Singapore. You will contribute to end-to-end IFRS17 reporting, review technical interpretations and work with IT to enhance ETL tools and Prophet models.

Fresh graduates are welcome to apply with strong mathematical and actuarial foundations. The role requires strong analytical skills, attention to detail, and collaboration with regional teams to explain results and drive improvements in financial

Qualifications

• Passionate about financial reporting and IFRS17
• Proactive and detail-oriented with strong analytical skills
• Qualified actuary from a recognized actuarial body is preferred

Responsibilities

• Provide feedback on regional and local technical interpretations of IFRS17
• Review business requirements for IFRS17 standards
• Support data, model and IFRS17 reporting via ETL tools
• Participate in UAT for ETL tools and sub-ledger systems
• Ensure auditable data preparation for IFRS17 reporting
• Collaborate with regional teams on IFRS17
• Explain IFRS17 results and support business initiatives
• Perform reconciliations between IFRS17 and other bases
• Support audit and finance initiatives on reporting process re-engineering

Skills

Financial reporting

Actuarial

Analytical skills

Detail oriented

Education

Actuarial degree

Mathematics/Statistics/Finance degree

Tools

Prophet

SQL

Job description

Company Purpose

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

Job Profile Summary

As the member of the International Financial Reporting Standard (IFRS) 17 reporting team, you will participate in the IFR17 reporting for Prudential Singapore.

Job Description

We are looking for actuarial candidates who are passionate about financial reporting, in particular IFRS17 reporting.

Responsibilities

• Provide feedback to the review of the regional and local technical interpretation of the standards
• Review the business requirements according to the technical decisions for requirement of the standards
• Provide actuarial support and feedback to solution design team and IT to improve the end-to-end ETL tools for better efficiency and analysis
• Support the implementation of the changes to the end-to-end ETL tools, including development of data, model and IFRS17 reports
• Participate in UAT for ETL tools, source system changes and sub-ledger system, including business validation of the IFRS17 reports
• Ensure the end-to-end reporting process and control for Actuarial, including data preparation (set up of Prophet model, model points and assumptions) in an auditable manner for IFR17 reporting
• Participate in the Business Planning process for IFRS17 financials
• Collaborate with other local and regional teams in IFRS17 reporting
• Analyse and explain IFRS17 results and support business initiative for result improvement
• Perform reconciliation between IFRS17 basis and other reporting basis
• Support the audit on IFRS17 reporting
• Provide actuarial support to the Finance division initiative on reporting process re-engineering

Who we are looking for

• Passionate about financial reporting
• Motivated and pro-active
• Detailed oriented and work independently
• Strong technical and analytical skills
• Committed to excellence and always strive to deliver results with high standards
• Good understanding of insurance products
• Good working knowledge of Prophet systems and valuation data management program (such as SQL) is a plus

Working Experience

Working Experience 2 - 5 years (AM level) of actuarial experience or any other analytical role.

IFRS17 working experience is an advantage

Fresh graduate is welcome to apply.

Professional Qualifications

Qualified actuary from a recognized professional actuarial body

Education

Degree in Actuarial, Mathematics, Statistics or Finance

Equal Opportunity & Diversity

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

Company Overview

We are Prudential. For every life, we are partners. For every future, we are protectors.

Prudential plc provides life and health insurance and asset management to 17 million customers across 20 markets in Asia and Africa.

We are headquartered in Hong Kong and have dual primary listings on the Stock Exchange of Hong Kong and the London Stock Exchange.

We are focused on four strategic regions: Greater China, ASEAN, India and Africa.

Our customers are served by around 55,000 agents and more than 200 bank partners.

Prudential plc is not affiliated in any manner with Prudential Financial, Inc., a company whose principal place of business is in the United States of America or with the Prudential Assurance Company, a subsidiary of M&G plc, a company incorporated in the United Kingdom.

Find out more at www.prudentialplc.com Follow us on LinkedIn