Assistant Actuarial Manager

Sun Life Financial

Singapore
Permanent
Full-time

1 month ago

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.Job Description:Job DescriptionAssistant Actuarial Manager, ALMJob Summary:This is an individual contributor role where the Assistant Actuarial Manager will report to the Director and be responsible for contributing Asset Liability Management (ALM) related expertise to financial risk management, financial reporting and analysis, and product development to maximize value for the company. The Assistant Manager will collaborate across the Singapore team, including working directly with the Chief Actuary and will also collaborate with colleagues in our Regional Office and across the globe. The role provides excellent exposure and career development opportunities for strong candidates. This is a unique opportunity to help the Singapore business grow its presence within the High Net Worth market space while managing its profitability and risk levels. We offer a competitive benefit package and actuarial exam support.Key Responsibilities:

Production of ALM related quarter end deliverables such as Explanation of Investment Results (EoIR) for Drivers of Earnings (DOE), Earnings at Risk (EaR), Capital at Risk (CaR) and other management reporting requirements
Conduct robust analysis into company financials on ALM matters and collaborate with other ALM teams, Finance, Investment and Regional/Corporate Office to implement mitigation strategies such as hedging
Provide technical support to the pricing team on ALM matters for new product initiatives as well as inforce management for existing products
Lead drafting of investment Portfolio Policies and Parameter (PPP) for new products and reviewing PPP for existing products
Collaborate with other employees to build and enhance processes to ensure efficient workflows and a strong control environment
Conduct any ad-hoc risk quantification & analysis and contribute to mitigation strategies and alternatives.
Additional duties as may be required from time to time by Senior Management.

Job Requirements

Minimum of 5 years of experience in Life Insurance industry
Actuarial exam progression with a recognized international actuarial body, investment track is preferred (Eg: SOA QFI and IFoA SP5, SP6 and SA7)
Experience with any valuation/capital framework is preferred (Eg: IFRS17, Economic Capital, RBC2, Solvency II)
Experience and proficiency in Microsoft Office is required
Strong technical skills and problem-solving ability, able to work in a dynamic environment
Strong cross team collaboration skills
Experience with Moody’s AXIS or an alternative actuarial modelling software is preferred

We offer attractive salary, group life and group medical insurance; and excellent career development opportunities to the right candidate.We are an equal opportunity employer and welcome applications from all qualified candidates. Application forms and resume will be kept for a period of 24 months after completion of the recruitment process. (All information will be held in strict confidence and only be used for recruitment purpose).Job Category: ActuarialPosting End Date: 30/06/2024

Sun Life Financial

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