Assistant Vice President, Prophet Modelling

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time.

Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan's leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Professional Summary:

Join Singlife as our AVP, Prophet Modelling to lead model optimization, governance, and integration of new products into Prophet. You'll drive enhancements across deterministic and ALS models, ensure compliance with RBC2, and inspire a high-performing team while collaborating with key stakeholders. Ideal for an experienced actuarial lead with deep Prophet expertise and strong leadership credentials.

Responsibilities:

• Actuarial Transformation & Strategy Contribute to actuarial transformation initiatives, including software and ecosystem enhancements, automation, and model standardization, to support business growth and scalability.
• Optimize Prophet Models Lead improvements in coding, runtime efficiency, and modelling methodologies to enhance overall performance.
• Integrate New Products & Inforce Changes Oversee incorporation of new products and implement enhancements driven by inforce management initiatives.
• Ensure Robust Governance Establish and maintain strong Prophet model management and governance practices for accuracy and compliance.
• Maintain Deterministic & ALS Models Conduct regular reviews and updates of both deterministic and Asset Liability Strategy (ALS) models.
• Lead and Develop Team Provide direct and indirect leadership to a team of three, ensuring timely delivery and high-quality outcomes.

Requirements:

• Education & Professional Credentials Bachelor's degree in Actuarial Science (preferred) and Fellowship with SOA, IFoA, or Institute of Actuaries Australia (preferred).
• Actuarial Expertise 810 years of experience in Prophet modelling and life valuation/capital management, with exposure to ALS modelling preferred.
• Regulatory Knowledge Strong understanding of Singapore Risk-Based Capital 2 (RBC2); experience with ICS is an advantage.
• Leadership Skills Minimum 5 years of proven leadership experience, with ability to motivate and guide teams to deliver projects on time.
• Collaboration & Stakeholder Management Excellent teamwork and communication skills to work effectively with Finance, IT, regulators, auditors, and Group Office.