About FWD Group
FWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance.
For more information, please visit www.fwd.com
In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.
If you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.
PURPOSE
This role will work closely with Appointed Actuary in various areas, e.g. Capital, Par/IUL management, SAA/ALM etc. for the company. The role will be required to work with multiple stakeholders across various functions in local business unit and group/head office.
KEY ACCOUNTABILITIES
- Be the subject matter expert in areas of capital, Par/IUL and SAA/ALM.
- SG RBC2, EC
- Bonus / crediting rate management, regular management updates, committee management
- SAA / ALM initiatives, regular management updates, economic assumption review, investment performance management, investment committee management
- Drive technical aspects of SME topics independently.
- Support in communication and stakeholder management of SME topics.
- Anticipate risks and changes to financial metrics, regulations and group requirements on SME topics and highlight them promptly, providing solutions where possible to manage the risks or gaps.
- Ensure timely and successful deliverables on regular and periodic controls such as report validation, reserve movement analysis, audit logs, etc.
- Pro-actively identify process gaps and/or routine tasks to drive process enhancement and automation initiatives to improve reporting processes in terms of speed, accuracy and controls.
- Manage and develop the team to ensure high quality of deliverables and commentaries.
- Ensure proper controls are in place with audit trail and compliance with Group policies
- Assist in the coordination of work and resource planning to ensure that projects and deliverables to all key stakeholders are met with good quality.
- Support AA and CFO and the team on key ad-hoc projects where required.
- Build strong relationships with key internal and external stakeholders including Business Units, Finance, Group Actuarial/Finance and Auditors
QUALIFICATIONS / EXPERIENCE
- Bachelor’s Degree in Actuarial Science
- Qualified / near-qualified actuary with 8-12 years of experience
KNOWLEDGE, SKILLS & ABILITY
- Strong technical skills, prior experience in Capital, Par/IUL management or investments/ALM would be an advantage
- Good knowledge on insurance regulations
- Experience with Prophet and Microsoft Excel
- Excellent communication and stakeholder management skills
- Strong analytical and problem solving skills
- Track record in driving successful projects and initiatives will be a bonus
