Modelling Actuary

International Association of Insurance Professionals (IAIP); Singapore; On-site; SGD 89,000 - 134,000; Full time

Job summary

International Association of Insurance Professionals (IAIP) in Singapore seeks a senior actuary to lead the development and testing of actuarial models for forecasting, risk analysis and valuation. You will engage insurers and consulting partners to translate client needs into practical modelling solutions and support deployment across client environments.

The role requires strong modelling tool experience (Prophet/AXIS/PathWise), regulatory familiarity, and excellent communication with

Qualifications

• 6+ years actuarial experience, preferably life valuation.
• Experience with modelling tools such as Prophet/AXIS/PathWise.
• Experience in valuation, pricing, IFRS 17, capital and/or reporting.
• Familiarity with IFRS 17, RBC 2, HKRBC, RBCT and/or Solvency II.
• Excellent communication and stakeholder management.
• Mandarin or Korean language skills are an advantage.
• Strong analytical thinking and problem-solving in ambiguity.

Responsibilities

• Model development and testing for forecasting, risk analysis, valuation and regulatory alignment.
• Engage insurers and consulting partners to translate needs into workable solutions.
• Partner with internal teams to deploy models and enable client adoption.
• Build deep product knowledge to explain and support modelling use cases across valuation, pricing and capital planning.

Skills

Actuarial modelling

Client engagement

Regulatory awareness

Analytical thinking

Cross-functional collaboration

Mandarin/Korean language (advantage)

Education

Progress toward actuarial qualification

Tools

Prophet

AXIS

PathWise

Job description

About the role

This position supports the build-out of modern actuarial and financial modelling capabilities for insurers across Singapore and the wider APAC region. You will help replace legacy, opaque modelling processes with faster, more transparent approaches aligned to regional regulatory expectations, including IFRS 17, RBC 2 and Solvency II. You will work in a small, technical environment where your contribution will directly influence delivery quality, client outcomes and future growth.

Location & salary

• Location: Singapore
• Salary: SGD $8,000 - $12,000 per month
• Industry: Insurance / Actuarial

Key responsibilities

• Model development & testing: Design, develop and test actuarial models for forecasting, risk analysis, valuation and regulatory alignment; validate assumptions, governance and controls to ensure accurate and efficient outputs.
• Client-facing solutioning: Engage insurers and consulting partners to understand needs, demonstrate modelling capabilities, translate requirements into workable solutions, and identify opportunities to improve speed, transparency and repeatability.
• Implementation & delivery: Partner with internal delivery teams to deploy models and support successful integration into client environments, including documentation, handover and user enablement.
• Platform expertise: Build deep product knowledge (training provided) to explain, customise and support modelling use cases across valuation, pricing and capital planning.

Requirements

• 6+ years' actuarial experience, ideally within life insurance valuation.
• Strong technical foundation in actuarial modelling tools (e.g. Prophet, AXIS, PathWise, or similar).
• Experience in at least one of: valuation, pricing, IFRS 17, capital and/or reporting.
• Familiarity with relevant regulatory frameworks such as IFRS 17, RBC 2, HKRBC, RBCT and/or Solvency II.
• Excellent communication skills, with a genuine interest in client interaction, advisory work and stakeholder management.
• Proficiency in Mandarin/Korean language is an advantage, given regular engagement with HQ/APAC clients
• Strong analytical thinking, attention to detail, and a practical approach to problem-solving in ambiguous environments.

Desirable

• Experience with model governance, testing frameworks, and audit-ready documentation.
• Exposure to end-to-end model delivery, including deployment and user adoption.
• Professional actuarial qualification progress (or qualification) with a recognised actuarial body.