Assistant Manager, Business Finance (Actuarial)

About the Job

Monitoring of key financial KPIs, driving budget adherence, identifying and bridging financial

gaps, and effectively communicating financial results to key stakeholders.

• Monitor and Optimise Financial KPIs: Track and analyse financial performance indicators (e.g. NBEV, CSM, IFRS 17 NPAT, Total Comprehensive Income, Return on Equity etc.) to ensure alignment with business goals.
• Financial Gap Analysis: Identify variances between actuals and forecasts; develop and implement actionable plans to bridge financial gaps in collaboration with various departments.
• Budgeting & Forecasting: Preparation, consolidation and analysis of budgets and forecasts; work closely with business teams to ensure assumptions are realistic and aligned with strategy.
• Financial Reporting & Analysis: Prepare regular financial reports with clear insights and variance analysis. Ensure timeliness and accuracy of financial analysis presented.
• Stakeholder Communication: Present financial results, trends and strategic insights clearly and effectively to stakeholders, including senior management and cross-functional teams. Tailor messaging to various stakeholder needs.
• Continuous Improvement: Recommend and implement process improvements in financial planning and reporting processes to enhance efficiency and decision-making.
• Maintains awareness of industry trends and regulatory developments to understand and assess its impact on organisation's financial results.
• Assist Head of Department in any other assignments as and when required.

We are looking for people with

• Degree in Statistics/ Mathematics/ Actuarial Studies.
• Passed some Preliminary/ Intermediate actuarial exams in one of the actuarial associations recognised by BNM.
• More than 3 years of actuarial related experience.
• Good knowledge and experience in IFRS17 would be an advantage.
• Inquisitive, critical thinking and a good problem solver.
• Able to work independently and under pressure to meet timelines.
• Strong team player with good communication skills.
• Goal-orientated and resourceful.
• Attention to detail while maintaining a clear overview of key issues.
• Takes initiatives to improve current state of things and adaptable to embrace new changes.

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.