Executive vacancies

Date Posted
Job TitleAppointed Actuary, Multinational Life Assurance, SINGAPORE

Role: VP, Actuarial Financial Reporting & Appointed Actuary

Role Jurisdiction : Perform the statutory duties of Appointed Actuary:

  • Ensure appropriateness of premium rates
  • Investigate the financial condition of the company’s life insurance business including a valuation of liabilities and a prospective test of the financial condition of each insurance fund
  • Provide a written recommendation to the Board of Directors on the allocation of the par fund by way of bonus to the participating policies and to the surplus account
  • Advise the company on the appropriate investment policy for each insurance fund
  • Report on matters which have an adverse effect on each insurance fund


Responsible for the actuarial aspects of the 3 financial reporting bases of CGAAP, USGAAP and local RBC: CGAAP Reporting Requirements:

  • Maintain Traditional & UL Model
  • Monthly MIS Reporting & SOE
  • NB summary and market share analysis
  • Quarterly submission such as MCCSR, reserve details and other schedules
  • Model review and enhancement
  • Basis Change
  • Develop and Maintain VA Model (universal life if any)
  • Quarterly Earning Forecast
  • Business Plan
  • DCAT
  • Economic Capital
  • IFEV
  • Regional initiatives if any

USGAAP Reporting Requirements:

  • Quarterly Reporting & SOE
  • Model Review and Enhancement
  • Basis Change

 Local RBC Reporting Requirements:

  • Quarterly Statutory Filing
  • Annual Return & Audit
  • Quarterly LIA Business Submission
  • Financial Condition Analysis and Stress Tests
  • Local Capital Plan
  • Dividend Recommendation
  • Basis Change
  • Quarterly SOE

Reporting in particular the valuation of the liabilities and assets and associated ALM together with SOE reporting.

  • Responsible for formation of new products / lines of business valuation and financial reporting model.
  • Financial reports need to be produced on a timely basis and accurately.
  • Issues arising need to be communicated quickly and appropriately.
  • Responsible for experience studies, reinsurance and actuarial services such as M&A, special quotation, NB plan and system implementation.


  • Resource planning, allocation and control.
  • Satisfaction with services provided, timeliness and quality of processes and services.
  • Identification, development and prioritization of improvements in processes and services.
  • Recruitment, Retention, productivity and performance of staff.
  • Compliance with the company’s relevant policies/standards and government/external body regulations.
  • Establishment of internal policies / procedures and review of specifications.
  • Execution of business/corporate initiatives with demonstration of leadership and forward-thinking solution.

Ideal candidate profile

  • University Degree Holder and Qualified Actuary with a recognized international actuarial organization
  • At minimum of 8 years post-qualification experience
  • Computer proficiency: Excel, AXIS as well as basic knowledge of Word, Powerpoint


Key working relationships:

  • Internal
    • In addition to his own team - CFO, Finance Team, Actuarial Pricing Team plus Regional Actuarial Services Team
  • External
    • MAS, E&Y

Key competencies

  • Technically Competent and professional
  • Hard-working and task-oriented
  • Attention to detail, accurate
  • Ability to manage a team especially under tight deadlines
  • Good interpersonal skills with local and regional colleagues

Contact Emaildebbie@harlingmenzies.com

London office

Tel: +44 (0)207 917 1711

Hong Kong office

Tel: +852 2297 2883


Email: peter@harlingmenzies.com