JOB RESPONSIBILITIES
- Local Appointed Actuary role and Head of Actuary team
- To become the Appointed Actuary in the Myanmar/Cambodia business.
- To manage the local actuarial team as the head of actuary team which covers product development and financial reporting including Embedded value, business planning and communication with local external auditors.
- To develop the local actuarial team.
- Base : Singapore (with frequent business trips). If you want, can work in the local entity
- Actuarial PIC in Regional Headquarters
- To have a general understanding of the business beyond their functional scope, and to align with the Regional Management Department and other related departments in the execution of projects in order to support and achieve the KPI goals of the business units.
- Supports the validation, valuation and review of the reasonability of assumptions and sales plans.
- Supports the review on adequacy of regional business units’ business plans, reasonableness of financial projections and risk management initiatives.
- Oversee product profitability, reinsurance, EV, VoNB and IFRS17 implementation for all business units across the region.
- Manage the actuarial operational matters implemented by the regional business units and ensure that they are in accordance with the overall standard of the company.
- ERM, Governance
- To lead initiatives to improve ERM and governance in the region with the Global Headquarters (Product strategy review, product pricing review, expense analysis, ALM, Reinsurance)
- To make processes and frameworks to oversee Business Units.
- Other ad-hoc matters
- Guidance of project team(s), keeping projects on track, meeting budget goals and deadlines.
- Facilitation of conversation with all involved parties and stakeholders.
JOB REQUIREMENTS
- Bachelor’s degree and above
- Product development experience in life insurance actuarial field,
- Life insurance industry and market knowledge
- Have financial acumen and expertise in the different financial indicators such as firm’s assets, product lines, regions, markets, regulations and stakeholders
- Strong communication skills across multiple stakeholders to facilitate appropriate functional decision-making
- Strong knowledge of relevant actuarial & accounting standards and regulations pertaining to life insurance
- Ability to analyze financial reports
- Ability to understand the alignment of group strategy and tactics with local considerations
- Ability to communicate goals in support of the business mission
- Support the team’s performance by setting clear goals and expectations, ensuring feedback, and addressing performance problems and issues promptly
- Supports team members in their efforts to achieve job goals (eg. By providing resources, removing obstacles)
- Ability to build collaborative relationship in developing, maintaining and strengthening partnerships with others inside and outside of the organization
- Understand group strategy, the role of the local business and take into account regional and local impacts on day to day activities
- Have self-leadership and a mind-set to succeed in persisting to achieve goals despite barriers or difficulties
- Qualified Actuary (qualification of US, UK, Australia or Japan)
