Job Purpose
The role will join a team of actuaries in Valuation as Manager with a key focus on Capital Adequacy Ratio and the related in-depth analysis, as well as support in policy liabilities valuation and critical regulatory reporting.
The Job
· Responsible for the computation and analysis of RBC2 Capital Adequacy Ratio, particularly asset and liability risk charges, and communicating the results to the stakeholders.
· Responsible for reviewing asset and liability risk charges calculations to ensure compliance to MAS guidelines.
· Assist in policy liability valuation and preparation of statutory forms, as well as other internal and external reports.
· Provide responses to queries from regulators and auditors, as well as internal parties.
· Set up reporting process for IAIS Insurance Capital Standard (ICS) implementation and bridge to both MAS RBC2 and IFRS17 framework.
· Guide junior members in the team and review their work to ensure quality and timely completion of core deliverables.
· Proactively explore areas for enhancement to raise the standard of current work practice.
· Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
· Maintains awareness of industry trends and development on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
· Highlights potential concerns /risks and proactively shares the best risk management practices.
Our Requirements
· Degree holder in Actuarial Science and with good progress in Actuarial exams
· 4 to 6 years of actuarial work experience
· Proficient at Actuarial reserving, with familiarity with Singapore RBC2 framework being an advantage, particularly asset and liability risk charge calculations
· Excellent time management and communication skills
· Excellent in statistical analysis and problem solving
· Self-motivated, able to multi-task, work independently under tight timeline
· Keen and passionate to explore new approach / tools.
· Proficient at Actuarial work applications such as Prophet and MS Excel, with proficiency in SQL being an advantage.
· High level of integrity, takes accountability of work and good attitude over teamwork.
· Takes initiative to improve current state of things and adaptable to embrace new changes.
About Great Eastern
Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.
We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.
We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.
Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people’s lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.
To all recruitment agencies:Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
