A role is within the Financial Insights & Value Management team which focuses on performing comprehensive and forward-looking analysis to manage and drive financial performance of Great Eastern Group and its subsidiaries. The team plays a crucial role in measuring and driving the economic value of the business, acting as a bridge between actuarial, finance and management functions – ensuring decisions are grounded in value creation and preservation rather than just accounting results.
- Support the annual business planning exercise and regular forecasting of key financial metrics to improve the predictability of business performances in order to achieve long-term financial sustainability.
- Assist in building and maintaining the BP projection model, including scenario and sensitivity analysis to support target-setting.
- Perform product-level and driver-based analysis of Great Eastern's businesses, including the bridge between NBEV and NB CSM under IFRS 17, providing value-based performance analysis and actionable insights to support-decision making.
- Support the preparation of annual embedded value (EV) reporting, including the review of EV related assumptions for Singapore Life business and Great Eastern Group.
- Assist in regular actual vs expected analysis on operating and economic factors, identify sources of emerging profit or loss and provide commentary that translates technical results into business insights.
- Participate in corporate-wide initiatives and projects.
- Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
- Highlight any potential concerns / risks and proactively shares best risk management practices.
- Holds a degree in Actuarial Science and with good progress in Actuarial exams;
- Has at least 2-3 years of experience in actuarial work;
- Familiar with Singapore RBC regulations, Embedded Value and IFRS 17 is an advantage;
- Proficient at Actuarial work applications (Prophet, MS Excel/VBA, SQL);
- Proactive in initiating and leading discussion with various stakeholders;
- Strong ability to communicate technical results in a clear and business-relevant manner;
- Strong analytical capability;
How You Succeed
- Champion and embody our Core Values in everyday tasks and interactions.
- Demonstrate high level of integrity and accountability.
- Take initiative to drive improvements and embrace change.
- Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
- Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.
Who We Are
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of AA- by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.
To All Recruitment Agencies
Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
Work Locations
SG-GE Centre
Job
Finance
