IFRS17 Actuarial Specialist (2-Year Contract)

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

As the member of the International Financial Reporting Standard (IFRS) 17 reporting team, you will participate in the IFR17 reporting for Prudential Singapore.

Job Profile Summary:

As the member of the International Financial Reporting Standard (IFRS) 17 reporting team, you will participate in the IFR17 reporting for Prudential Singapore.

Job Description:

We are looking for actuarial candidates who are passionate about financial reporting, in particular IFRS17 reporting.

• Provide feedback to the review of the regional and local technical interpretation of the standards
• Review the business requirements according to the technical decisions for requirement of the standards
• Provide actuarial support and feedback to solution design team and IT to improve the end-to-end ETL tools for better efficiency and analysis
• Support the implementation of the changes to the end-to-end ETL tools, including development of data, model and IFRS17 reports
• Participate in UAT for ETL tools, source system changes and sub-ledger system, including business validation of the IFRS17 reports
• Ensure the end-to-end reporting process and control for Actuarial, including data preparation (set up of Prophet model, model points and assumptions) in an auditable manner for IFR17 reporting
• Participate in the Business Planning process for IFRS17 financials
• Collaborate with other local and regional teams in IFRS17 reporting
• Analyse and explain IFRS17 results and support business initiative for result improvement
• Perform reconciliation between IFRS17 basis and other reporting basis
• Support the audit on IFRS17 reporting
• Provide actuarial support to the Finance division initiative on reporting process re-engineering

Who we are looking for:

Competencies & Personal Traits

• Passionate about financial reporting
• Motivated and pro-active
• Detailed oriented and work independently
• Strong technical and analytical skills
• Committed to excellence and always strive to deliver results with high standards
• Good understanding of insurance products
• Good working knowledge of Prophet systems and valuation data management program (such as SQL) is a plus

Working Experience

• 2 - 5 years (AM level) of actuarial experience or any other analytical role. IFRS17 working experience is an advantage
• Fresh graduate is welcome to apply

Professional Qualifications

• Qualified actuary from a recognized professional actuarial body

Education

• Degree in Actuarial, Mathematics, Statistics or Finance

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.