We are seeking a seasoned actuarial professional to lead the RBCII Reporting function within the Life Actuarial division. This role, based in Central Singapore, carries significant responsibility for ensuring timely and accurate financial and regulatory reporting under the Risk-Based Capital II (RBCII) framework. The ideal candidate will have extensive experience in life insurance actuarial reporting, strong leadership capabilities, and a comprehensive grasp of the local regulatory environment.
The successful applicant will oversee the end-to-end RBCII valuation process, working closely with key stakeholders including Finance, Risk, and Regulatory Affairs teams. You will be expected to lead the preparation of regular actuarial reports and capital submissions, provide regulatory insights, and support broader financial planning and strategy initiatives. Additionally, you will oversee the development and maintenance of valuation models and ensure compliance with all relevant actuarial standards and regulatory guidelines.
The position requires a fully or near qualified actuary with a recognised actuarial qualification (FIA, FFA, or equivalent) and at least 8 years' experience in actuarial reporting within the life insurance industry, with proven expertise in RBCII and Singapore regulatory frameworks. Strong technical skills in actuarial modelling software (e.g., Prophet, MG-ALFA) and proficiency in Excel, VBA, or similar analytical tools are essential. An in-depth understanding of actuarial control frameworks, risk management practices, and capital management is highly desirable.
Leadership and communication skills are critical as this role involves managing a team, mentoring junior actuaries, and interacting with senior business leaders. Applicants should demonstrate the ability to work independently, manage multiple priorities, and make sound judgments under pressure. Experience in IFRS 17 implementation or involvement in regulatory reviews will be an advantage. The ideal candidate will be strategic, analytical, and highly organised, with an ability to drive process improvements and contribute to business growth through insightful actuarial support.
This position offers a competitive monthly salary of SGD 14,000 and a chance to shape the actuarial reporting landscape within a dynamic and evolving regulatory environment. This is a strategic role suitable for candidates looking to make a significant impact within the actuarial and insurance sector in Singapore.