About the Job
- Assist in preparing IFRS 17 reporting covering both parallel run year and as part of regular reporting.
- Assist in on-going validation of the valuation files to ensure data used in the IFRS 17 reporting are complete and accurate.
- Assist in maintaining the DCS used in generating the model point files used in IFRS 17 reporting.
- Assist in generating the model point files used in modelling underlying contracts and RI treaties.
- Assist in enhancing the valuation file to rectify the issues identified from the on-going validation of valuation files. Assist in performing UAT on the enhanced valuation files.
- Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
- Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
- Highlights any potential concerns /risks and proactively shares best risk management practices.
We are looking for people who
- Tertiary education - Bachelor in Statistics / Maths / Actuarial Studies Professional - Passed some actuarial exams inFaculty of Actuaries, Scotland Institute of Actuaries, England Institute of Actuaries, AustraliaSociety of Actuaries, US
- < 2 years actuarial related experience
- Good communication skills - written and verbal
- Relevant computer skills - Macro, Visual Basic, Excel, Word, Power Point etc
- Prophet - Skills in product modelling & projection
- Key knowledge: Sound actuarial principles, Company&aposs financial & market position and experiences, Company&aposs overall operational procedures, Regulations and guidelines, Understanding of IFRS 17 reporting requirements
- Key Competencies: Actuarial Knowledge, Actuarial Application - Prophet Analysis & Numeracy, Financial Accounting & Reporting Concern for Order and Quality, Problem solving and investigative abilities, Communication skills, Team player aptitude, Good interpersonal skills, Good integrity and trustworthy characteristics, Good customer service (Internal & external), Creativity
- 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.
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.
About Great Eastern
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&aposs 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 worlds most highly-rated banks, with an Aa1 rating from Moodys and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the Worlds 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.
