Associate, Actuarial IFRS17
2 weeks ago
Singlife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.
In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.
Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.
First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.
Key Responsibilities
- Support the preparation of monthly IFRS17 reporting, including data transformation, actuarial cashflow projection and result analysis
- Support the review of IFRS17 related assumptions
- Close collaboration across teams to acquire and transform knowledge for IFRS17 solutions
- Assist in preparation of quarterly and annual financial statement disclosure, including fulfilling internal and external audit requirements
- Establish and maintain excellent control framework under IFRS17, ensuring adherence to applicable laws and regulations
- Ensure deliverables are prepared accurately and within the required timelines
- Identify and implement process improvements to enhance the efficiency and effectiveness of IFRS17 reporting
- Provide guidance to junior members and perform peer review
Key Decisions within the Role
- Apply a problem-solving mindset to identify deficiencies, explore options, and propose effective solutions
Requirements
Experience
- Minimum 4 years of actuarial valuation experience, with a strong understanding in IFRS17 valuation basis
- Strong verbal and written communication skills in English
- Excellent technical, analytical and problem-solving skills
- Proficient at Actuarial work application (i.e. Prophet, MS Excel/VBA) and proficiency in additional programming languages is a plus
Education
- Academic: Bachelor’s/Master’s degree in Actuarial Science (preferred)
- Professional Certification(s): Internationally Recognized Actuarial Body (preferred) – Actuarial student with good exam progress
Attributes
- High level of integrity and accountability with a strong attitude towards teamwork
- Proactive in improving current processes and adaptable to new changes
- Eager to learn and demonstrate a growth mindset
Tell employers what skills you have
Sustainability
External Audit
Actuarial
Valuation
Reinsurance
Mathematics
Data Transformation
Adaptable
Actuarial Science
Underwriting
Accountability
Actuaries
Health Insurance
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