China Life Insurance Company Singapore (CLIS) aims to cultivate a strong sense of belonging among all employees through a people-oriented corporate culture.
Position Objective:
- To be involved in areas such as IFRS17 valuation reporting functions, actuarial modelling (liability model/ALS model), as well as, other ad-hoc actuarial projects
Job Description:
- Support IFRS17 valuation reporting for production and ensure the financials are in compliance with current accounting standards
- Identify areas of enhancement in IFRS17 valuation reporting to streamline and value add to current production process
- Maintenance and enhancement of both Prophet liability and ALS model for RBC2, IFRS17 and other internal reporting purposes;
- Support IFRS 17 business planning, including but not limited to development of new capabilities/KPIs, analyzing of the financial results, sensitivity testing and optimizing business strategies with forward looking view;
- Drive and provide support to audit matters, as well as, other ad-hoc projects related to IFRS17
- Support to other business units functions, if needed
Job Requirements:
- Bachelor degree in Actuarial Science or closely related subjects, such as Data Analysis and Mathematics
- Minimum 3 to 5 years of working experience related to IFRS17 valuation in life insurance industry
- Technical, sensitive to details, ability work independently and apply critical thinking
- Job title and rank depend on the number of years of actuarial working experience in Life/GI insurance
- Proficient in MS Excel, Macro and Prophet Model coding
- Good communications skills, meticulous and detail-oriented team player
- Must be a member of an actuary association recognized by the Singapore actuarial society and have a good progress in actuarial exams
- Ability to read and write in Chinese will be an advantage
- Fluent in both spoken and written English and Chinese
