Actuarial, Analyst

Summary

Actuarial Analyst at AIA Singapore performing IFRS reporting, OPAT/CSM analysis, actuarial model and system maintenance, and supporting strategic planning for life insurance operations.

Roles and Responsibilities:

Regular reporting and analysis (60%)

• Perform IFRS reporting tasks and take appropriate actions to address any potential issues in a timely and effective manner.

• Analyze OPAT drivers, CSM movements, and assist in providing explanations of financial results to local management and Group Office.

• Support the preparation of management reports, business analysis and reporting packs.

• Leverage data, automation and emerging technologies, including AI-enabled solutions, to improve reporting processes, analytics and operational efficiency.

System and Model Maintenance (30%)

• Maintain actuarial models and reporting systems to support financial reporting and business requirements.

• Support implementation and maintenance of new products, model enhancements and system changes, ensuring alignment with business and pricing requirements.

• Assist in system testing, model validation, reconciliations, user acceptance testing (UAT) and issue resolution.

• Document system and model changes, including preparation of change logs, testing evidence and maintenance of governance documentation.

• Support ongoing improvements to actuarial systems, processes and controls to enhance efficiency, reliability and data quality.

Strategic planning and projects (10%)

• Support the annual strategic planning exercise, including the enhancement of models for the budget exercise, and preparation of management reports / presentations

• Support company projects and initiatives from a financial reporting perspective

Minimum Job Requirements:

• Education – University graduate (Major in Actuarial Science, Mathematics, Statistics, or related discipline)

• Experience – 0 to 2 years of life insurance-related actuarial working experience

• Certifications/Licences – Progression in, or intention to pursue, professional actuarial examinations

• Technical Skills – Knowledge of actuarial software and programming languages such as Python, R, VBA, SQL or SAS would be an advantage

See also

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