Manager & Finance & Actuarial

DAIICHI LIFE ASIA PACIFIC PTE. LTD.; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

A leading life insurance company in Singapore is seeking an experienced Actuary to oversee actuarial operations, manage communications with regional business units, and support performance management initiatives. The ideal candidate will hold a Bachelor's degree, possess at least 5 years of experience in the life insurance sector, and have strong financial acumen, communication, and stakeholder management skills. This role offers an opportunity to lead various projects and influence business performance across the Asia-Pacific region.

Qualifications

• Experience in life insurance actuarial field.
• At least 5 years of experience in a life insurance company, with 3 years at Assistant Manager level or above.
• Hands-on experience with IFRS17 and/or IC implementation.

Responsibilities

• Monitor and support the business units' performance.
• Communicate between actuarial targets and initiatives of each business unit.
• Support the development of performance management (KPI) framework.

Skills

Financial acumen

Communication skills

Stakeholder management

Education

Bachelor’s degree

Tools

IFRS17

Job description

Position Summary

• Support the monitoring of Asia-pacific regional units’ business plans, review of actuarial calculations (EV, pricing etc.) and communication with top management. Also monitor, manage and supervise the actuarial operational matters implemented by the regional business units and ensure that they follow the standard of DL Group.
• Lead the communication with regional business units and management, and to provide comprehensive advisory support in terms of actuarial matters.
• Support the development and monitoring of Asia-pacific regional units’ business plans to ensure continued growth and profitability.
• Support formulation of KPIs for business units through close coordination with DLHD; support the development of performance monitoring rules and tracking of actual results.
• Take leadership role within ad hoc projects.

Principal Responsibilities

1. Monitoring and Support of Business Units

• To have a general understanding of the business beyond their functional scope, and to align with the Regional Management Department and other related departments in the execution of projects in order to support and achieve the KPI goals of the business units.
• Support the validation, valuation, and review of the reasonability of assumptions and sales plans.
• Support the review on adequacy of regional business units’ business plans, reasonableness of financial projections and risk management initiatives.
• Oversee product profitability, reinsurance, EV, VoNBand IFRS17 implementation for all business units across the region.
• Manage the actuarial operational matters implemented by the regional business units and ensure that they are in accordance with the overall standard of DL Group.
• For existing markets, support in the development of the actuarial personnel for each regional business unit.
• For new markets, to support product development, actuarial topics, and local actuarial talent training and development.

Communication with Business Units and Management

• Tocommunicate between the actuarial targets and initiatives of each business unit in the region with the Global Headquarters.
• Toadvisethe management on the soundfinancial managementof the business units including product pricing and design, financial and insurance risk and capital adequacy management, liability best estimateassumptionsand measurements.
• Ensure timereporting totheManagement and Head Office on the financial soundness of the business units and to offer recommendations on corrective actions if necessary.
• Ensure regular and timereporting totheManagement and Head Office of businessunits to-lineand bottom-line information.

Performance Management

• Support reporting framework ensuring high quality management information delivery and efficient work processes in close collaboration with other DLIAP teams
• Support development and implementation of performance management (KPI) framework for the regional business units as well as DLIAP

Other ad-hoc matters

• Guidance of project team(s), keeping projects on track, meeting budget goals, and deadlines.
• Facilitation of conversation with all involved parties and stakeholders.

Job Requirements

• Bachelor’s degree and above
• Experience in life insurance actuarial field
• At least 5 years of working experience in life insurance company, with at least 3 years at Assistant Manager level or above.
• Experience working in the headquarters or regional office of a life insurance company listed on a major global stock exchange (e.g., Tokyo, New York, NASDAQ, London, Shanghai, Euronext), with direct involvement in actuarial functions such as pricing, valuation, or risk management.
• Hands-on experience with IFRS17 and/or IC implementation, including interpretation and application of standards.
• Strong financial acumen, with ability to analyze and interpret financial indicators such as assets, product portfolios, regional performance, and regulatory impacts.
• In-depth knowledge of actuarial and accounting standards relevant to life insurance, including local and international regulations.
• Ability to prepare and analyze financial reports, ensuring accuracy and compliance.
• Excellent communication and stakeholder management skills to collaborate effectively across multiple functions and geographies.
• Qualified Actuary (qualification of US, UK, Australia, Japan is preferable)