Actuarial jobs in Singapore

Position Summary

• Supports the monitoring of Asia-Pacific regional unit business plans, reviews actuarial calculations (EV, pricing, etc.), and communicates with top management. Also monitors, manages, and supervises the actuarial operational matters implemented by the regional business units to ensure compliance with the standard of DL Group.
• Leads communication with regional business units and management to provide comprehensive advisory support on actuarial matters.
• Supports the development and monitoring of Asia-Pacific regional units’ business plans to ensure continued growth and profitability.
• Supports formulation of KPIs for business units through close coordination with DLHD; assists in developing performance monitoring rules and tracking actual results.
• Take a leadership role within ad hoc projects.

1. Monitoring and Support of Business Units
   • Obtain a general understanding of the business beyond their functional scope and align with the Regional Management Department and other related departments to support and achieve KPI goals of the business units.
   • Support the validation, valuation, and review of the reasonableness of assumptions and sales plans.
   • Support the review of the adequacy of regional business units’ business plans, reasonableness of financial projections, and risk management initiatives.
   • Oversee product profitability, reinsurance, EV, VoNB, and IFRS17 implementation for all business units across the region.
   • Manage the actuarial operational matters implemented by the regional business units and ensure conformity with the overall standard of DL Group.
   • For existing markets, support the development of actuarial personnel for each regional business unit.
   • For new markets, support product development, actuarial topics, and local actuarial talent training and development.
2. Communication with Business Units and Management
   • Communicate actuarial targets and initiatives of each business unit in the region with the Global Headquarters.
   • Advise management on sound financial management of the business units including product pricing and design, financial and insurance risk, and capital adequacy management, liability best estimate assumptions and measurements.
   • Ensure timely reporting to Management and Head Office on the financial soundness of the business units and offer recommendations on corrective actions if necessary.
   • Ensure regular and timely reporting to Management and Head Office of business unit top-line and bottom-line information.
3. Performance Management
   • Support the reporting framework to deliver high-quality management information and efficient work processes in close collaboration with other DLIAP teams.
   • Support the development and implementation of a performance management (KPI) framework for the regional business units as well as DLIAP.
4. Other Ad-hoc Matters
   • Guide project teams, keep projects on track, meet budget goals, and adhere to deadlines.
   • Facilitate communication with all involved parties and stakeholders.

• Bachelor’s degree or higher.
• Experience in life insurance actuarial field.
• At least 5 years of work experience in a 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 ICS implementation, including interpretation and application of standards.
• Strong financial acumen with the 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 in US, UK, Australia, or Japan is preferable).