Senior Associate, Inforce and Funds Management - HSBC Life

HSBC Global Services Limited; Singapore; On-site; SGD 55,000 - 80,000; Full time

Job summary

A leading global banking and financial services organization is seeking a Senior Associate for Inforce and Funds Management in Singapore. This role involves managing ILP funds, enhancing processes for efficiency, and overseeing stakeholder communication. Candidates should hold a Bachelor's degree in actuarial science and possess strong problem-solving and interpersonal skills. The ideal candidate will contribute to compliance and reporting initiatives while ensuring accuracy and quality in operations.

Benefits

Continuous professional development

Flexible working options

Inclusive and diverse work environment

Qualifications

• Prior regulatory and reporting experience and knowledge of insurance products is needed.
• Commitment to accuracy and quality is required.
• Candidates should be detail-oriented and excel in planning.

Responsibilities

• Monitor and manage ILP funds and prepare reports.
• Enhance automation of existing processes.
• Manage internal and external stakeholders for timely information.

Skills

Detail oriented

Strong interpersonal skills

Problem solving

Experience with Excel VBA

Education

Bachelor’s degree in actuarial science or related field

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

We are currently seeking a high calibre professional to join our team as a Senior Associate, Inforce and Funds Management.

In this role you will

• Responsible for monitoring and management of ILP funds including preparing the ILP Sub‑Fund annual and semi‑annual reports, annual due diligence / Know Your Customers (“KYC”), risk classification review, corporate action, new fund launches, management of customer communication and other ad‑hoc projects.
• Enhance and automate existing processes to improve turnaround times and accuracy.
• Manage both internal and external stakeholders including external fund managers to provide accurate information on a timely basis.
• Analyse sales, persistency, trends to optimise profitability
• Support management of Index Universal Life products including assessing indices performance and the setting of participation and cap rates.
• Assist in the pricing and monitoring of portfolio initiatives across all life insurance products
• Prepare regular reports on initiatives performance, persistency trends, financial impact, customer behaviour analysis.
• Ensure compliance with MAS307 and other relevant internal policies or guidelines.

To be successful you will need

• Bachelor’s degree in actuarial science or related field
• Has prior regulatory, reporting experience and knowledge of insurance products.
• Detail oriented with a commitment to accuracy and quality
• Strong interpersonal skills with proven ability of planning and problem solving
• Experience with Excel VBA

Opening up a world of opportunity

http : / / www.hsbc.com / careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.