Manager Actuarial

TRANSAMERICA LIFE (BERMUDA) LTD.; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

An international insurance company in Singapore is seeking an experienced individual for actuarial responsibilities related to IFRS 17. The role demands strong analytical skills and familiarity with the life insurance sector, requiring a degree in a relevant field and at least 5 years of relevant experience. The position offers an attractive remuneration package that includes bonuses and benefits, with opportunities for career advancement.

Benefits

Performance bonus

5-day work week

Medical benefits

Dental insurance

Life insurance

Career prospects

Qualifications

• At least 5 years of relevant experience in the life insurance industry, with IFRS17 experience preferred.
• Near or Qualified actuary with credentials from a recognized actuarial body.
• Strong familiarity with insurance products, data, systems, and processes.

Responsibilities

• Develop an understanding of the IFRS 17 standard and Aegon Group position papers.
• Contribute to IFRS 17 process enhancement to improve model efficiency.
• Support IFRS 17/Management Reporting by analyzing policyholder experience gains/losses.

Skills

Strong insurance/actuarial knowledge

Good problem solving & analytical skills

Effective communication skills

Education

Degree in Actuarial Science, Mathematics, Statistics, Econometrics, or similar

Job description

Job Summary

Responsibilities

• Develop a good understanding of the IFRS 17 standard and Aegon Group position papers, along with interpretation adopted by other country units (TLIC, Aegon International etc.) and the wider industry.
• Contribute to IFRS 17 process enhancement/optimization to improve model efficiency and performance.
• Support IFRS 17/Management Reporting by analyzing policyholder experience gains/losses.
• Assist in business planning and forecasting exercise on IFRS 17 basis and provide support in exploring strategic initiatives to manage against forecast and stress scenario.
• Perform experience studies and review best estimate assumptions.
• Support reinsurance management tasks, including devising company’s reinsurance strategy and evaluation of reinsurance arrangements.
• Manage the data process in accordance with internal data governance framework for the actuarial function, including ensuring timely, accurate and consistent data inputs are delivered to different actuarial teams, and ensuring SoX controls are in place and well documented.
• Provide guidance to junior members in Management Reporting and In-force Management Team
• Assist in ad-hoc projects/analysis as assigned.

Requirements

• Degree in Actuarial Science, Mathematics, Statistics, Econometrics, or similar
• At least 5 years of relevant experience in life insurance industry. Having IFRS17 experience is a plus. Near or Qualified actuary, holding credentials from a recognized actuarial body (e.g. FSA, FIA)
• Strong insurance/actuarial knowledge
• Strong familiarity with insurance products, data, systems and processes
• Familiarity with IFRS17
• Experience in regulatory framework(s) e.g. local statutory, IFRS, Solvency II, or other
• Good problem solving & analytical skills, especially in being able to find practical solutions to implement technical concepts
• Self-motivated and ability to work independently and responsibly
• Strong attention to detail and desire to produce a high-quality workGood time management and thrives working flexibly under sometimes challenging project-based timescales
• Strong desire to learn by working on project based new developments
• Effective communication skills, especially in being able to document and effectively convey basic to moderate actuarial accounting and reporting topics to cross‑functional stakeholders (actuarial, IT and finance)
• Less experience will be considered as “Assistant Manager, Actuarial”

We offer attractive remuneration package including performance bonus, 5-day work week, fringe benefits (medical, dental, life insurance) and good career prospect to the right candidate.

Interested candidates are invited to submit the application with detailed resume stating educational background, working experience, current and expected salaries and contact number.

Your application will be treated in strict confidence.
Only shortlisted candidates will be notified.

Personal data collected will be used for recruitment purposes.

Personal data of unsuccessful applicants may be retained up to two years only.