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