Assistant Manager - Actuarial (FCM)
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Before you apply
Typefull-time
SeniorityMid
Experience2+ yrs
DepartmentActuarial
Company size10,000+ people
First seenOct 18, 2026 · 2w ago
Verified live3d ago
At a glanceSummarised by Seekless from the posting.
Tertiary – Bach in Actuarial Studies Professional
Passed 50% of preliminary actuarial exams in one of the actuarial associations recognised by BNM
At least 2 years of experience in Actuarial field with intermediate grasps of life insurance concept, Actuarial Principles, product knowledge and cross functional knowledge
Proficient at Actuarial reserving
Proficient at Actuarial work applications such as Prophet and MS Excel
Excellent time management and communication skills
Excellent in statistical analysis and problem solving
Able to multi-task and work independently under tight timeline
Keen and passionate to explore new approach / tools
High level of integrity, takes accountability of work and good attitude over teamwork
Takes initiative to improve current state of things and adaptable to embrace new changes
Demonstrate high level of integrity and accountability
Take initiative to drive improvements and embrace change
Familiarity with Singapore RBC2 framework
Proficiency in SQL
Champion and embody our Core Values in everyday tasks and interactions
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
Skills
Prophet
MS Excel
SQL
About the role
The role will join a team of actuaries in Actuarial – Financial Condition Management with a key focus on valuation of policy liabilities and capital requirements under MAS RBC2 basis, and reporting and analysis of results to support internal and regulatory requirements.
Responsibilities
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Perform MAS RBC2 policy liability valuation, preparation of statutory and internal/external reports, and analysis of results.
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Assist in MAS RBC2 asset risk charges and Capital Adequacy Ratio calculations.
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Support queries and requests from regulators, auditors, and internal stakeholders.
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Perform and coordinate User Acceptance Testing (UAT) on valuation data to ensure completeness and accuracy.
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Ensure timely and high-quality delivery of assigned tasks in line with reporting timelines.
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Support process enhancements and maintain relevant documentation.
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Identify and highlight business and regulatory risks, and support mitigation efforts.
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Stay informed of industry and regulatory developments and proactively highlight potential concerns and best practices.
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Support future regulatory implementations, including but not limited to IAIS Insurance Capital Standard (ICS).
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Transfer actuarial knowledge, skills and working experience to junior staffs.
Requirements
•
Tertiary – Bach in Actuarial Studies Professional
•
Passed 50% of preliminary actuarial exams in one of the actuarial associations recognised by BNM.
•
At least 2 years of experience in Actuarial field with intermediate grasps of life insurance concept, Actuarial Principles, product knowledge and cross functional knowledge.
•
Proficient at Actuarial reserving, with familiarity with Singapore RBC2 framework being an advantage.
•
Proficient at Actuarial work applications such as Prophet and MS Excel, with proficiency in SQL being an advantage.
•
Excellent time management and communication skills
•
Excellent in statistical analysis and problem solving
•
Able to multi-task and work independently under tight timeline
•
Keen and passionate to explore new approach / tools.
•
High level of integrity, takes accountability of work and good attitude over teamwork.
•
Takes initiative to improve current state of things and adaptable to embrace new changes
•
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.
About the company
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.