Senior Associate, Inforce and Funds Management - HSBC Life

HSBC; Singapore; On-site; SGD 75,000 - 90,000; Full time

Job summary

A global banking institution in Singapore is looking for a Senior Associate to manage ILP funds and enhance operational processes. The role requires strong analytical skills, a Bachelor's degree in actuarial science, and experience with regulatory reporting. Key responsibilities include stakeholder management, trend analysis, and ensuring compliance with internal policies. This position offers opportunities for professional growth in a supportive work environment.

Qualifications

• Prior regulatory and reporting experience in the insurance sector.
• Commitment to accuracy and quality in work.
• Ability to plan and solve problems effectively.

Responsibilities

• Monitor and manage ILP funds and prepare necessary reports.
• Enhance and automate processes for improved efficiency.
• Manage communications with stakeholders and fund managers.
• Analyse trends to optimize profitability.
• Support management of Index Universal Life products.

Skills

Detail oriented

Strong interpersonal skills

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 optimize 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 behavior 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
https://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.