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Analyst, profit reporting

1 month ago


Singapore This Is An IT Support Group Full time

Singapore, Singapore, Singapore Department: Profit Reporting and Strategic Analytics Job posted on: Nov 20, 2024 Employment type: Permanent - Full Time 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 solutions through its dollar DEX and Navigator platforms. The mobile-first Singlife Account – with a Singlife Debit Card – allows customers to save, spend, earn and be insured all in one app. 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, 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 Actuarial Reporting and Analysis: Prepare and analyse monthly new business (NBEV) reports, including detailed profit margin analysis, tracking of profitability and financial performance. Generate and assess embedded value (EV) reports, including analysis of movements results, tracking movements and explaining results to various stakeholders. Support business planning and projection, prepare and manage Group reporting requirements for NBEV and EV submission. Financial and Process Optimisation: Provide in-depth analysis of financial data, identify opportunities for efficiency gains and leverage cutting-edge methodologies to elevate company’s value assessment. Participate in streamlining, refining and optimising the reporting process. Recommend actions based on financial analysis to help achieve company’s objectives and strategies. Stakeholder Management: Collaborate with key stakeholders to deliver valuable insights on the impact of business initiatives on EV and NBEV. Address stakeholder queries and provide explanations as needed through effective communication. Thriving on Challenges: Engage in a journey of intellectual curiosity and problem-solving to address challenging issues, delivering solutions that have a real impact on our business. Assist with actuarial investigations, special business initiatives, audit requests and provide analytical support for any ad-hoc queries and requests from internal or external parties. Accuracy and Documentation: Ensure all profit reporting deliverables are accurate, well-documented, and compliant with Group requirements. Maintain detailed records and documentation of actuarial analyses and reports. Experience Preferable 3-6 years of actuarial experience Prior experience in valuation, financial reporting and business planning is preferred Knowledge of Prophet and proficiency in Microsoft Office suite including VBA is preferred Technical, sensitive to details and ability to apply critical thinking Able to perform assigned task, manage own time and deliverables Team-player and can work well with different stakeholders where required Strong communication and inter-personal skills, including report writing Quick learner, and is analytical with strong problem-solving skills Education Degree holder in Actuarial Science (preferred) Good progress in Actuarial papers #J-18808-Ljbffr