Actuarial Manager

About the Job

This role provides support to the Head of Actuarial of Great Eastern Life Labuan in driving key business initiatives, integrating insights from across the Company and contributing to strategic decisions, while continuously learning, adapting and taking on opportunities to broaden business understanding.

• Proactively collaborate with stakeholders across Product Pricing, Strategy, Business Finance, Corporate Treasury, In-Force & Capital Management and others to identify and implement levers to optimize company performance.
• Work closely with the Regional Service Centre to ensure deliverables are completed timely, efficiently, at high quality and with sound basis.
• Take accountability for GELL's financial management, which includes profitability analysis (e.g. NPAT, EV, NBEV, NB CSM), preparation of Actuarial Valuation Report, RBC, among others.
• Support the annual actuarial assumption setting, business planning and KPI forecast analysis for GELL, including providing timely updates to stakeholders, identifying risk areas and recommending appropriate mitigation actions to support sustainable growth.
• Assist in monitoring the Company's ALM and liquidity to ensure healthy cash flow, compliance with the Risk Appetite statement and optimize capital efficiency.
• Analyze the source of profit and movements in solvency, and communicate the key insights to the relevant stakeholders
• Assist in preparing presentations for the Board of Directors and Senior Management Team
• Support the running of working group meetings (e.g. Business Review, Outsourcing Review, Asset Liability Review, etc) with the Principal Officer and key stakeholders
• Contribute to the ongoing improvement of the process, governance and control in the Actuarial Department.
• Ensure compliance with internal policies, procedures and Labuan regulatory requirements
• Assist Management with any other assignments as needed

We are looking for people with

• Tertiary Bachelor's degree in Actuarial Science / Statistics / Mathematics.
• Ideally minimum 5 years of relevant experience in actuarial related works or financial planning & analysis.
• Nearly Fellowship member of an internationally recognized actuarial professional body and is committed to attain Fellowship.
• Strong interpersonal, presentation, communication capabilities and good business acumen.
• Shows genuine curiousity in understanding how things work and take accountability of works
• Show strong willingness in taking on broader responsibilities and able to adapt well in a dynamic environment

How you succeed

Champion and embody our Core Values in everyday tasks and interactions.

Demonstrate high level of integrity and accountability.

Take initiative to drive improvements and embrace change.

Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.

Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Who we are

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

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.