Par Fund Actuarial Assistant Manager from a Direct Life Insurer (Singapore)
Responsibility:
Bonus Investigation
- Perform annual bonus investigation for participating funds to assist the Appointed Actuary to make bonus recommendations, including asset share calculation, analysis of bonus supportability movement, sensitivity analysis, projections and preparation of slides and report.
- Perform annual bonus declaration for participating funds, including user acceptance test of bonus values, preparation of annual participating fund update, reviewing FAQ.
- Support the Appointed Actuary in reviewing internal governance policy relating to participating fund management
Experience studies
- Conduct annual experience studies to assist the Appointed Actuary in formulating suitable basis for Valuation and Product Pricing.
MAS Reporting
- Prepare Insurance Returns relating to participating fund allocations (i.e. Form L9 and Form L10).
Others
- Maintain proper documentation and controls in area of responsibility.
- Support adhoc requests, such as responses to queries from regulators, auditors, regional office etc.
- Work closely with modelling team on enhancements and implementation.
Skills / Experience:
- Degree in actuarial science
- Actively pursuing actuarial exams
- Good mathematical and analytical skills
- Good communication skills, both written and spoken
- Able to work independently, self-motivated and outcome-oriented
- Meticulous with a keen eye for detail
- Team player with good interpersonal skills and positive attitude
- Proficient in Microsoft Office suite (Excel, Word, PPT, Access)
- Intermediate to advance knowledge of actuarial projection software (e.g. Prophet, DCS); knowledge of Alteryx is a plus
- 3-6 years of actuarial experience, with par fund management and/or expense study experiences preferred