Assistant Manager, Capital and In-Force Management

About The Job

The In-force and Capital Management team manages the Fund Transfer Pricing (FTP) framework to align with Great Eastern's financial strategy. Working closely with finance and actuarial teams, the team ensures capital optimisation, regulatory compliance and financial health. Key responsibilities include monitoring performance, managing solvency and driving initiatives to improve in-force business profitability and achieve company targets.

• Monitor the company's liquidity and capital position to ensure solvency and compliance with regulatory requirements.
• Implement capital management strategies to optimize the company's capital structure.
• Participate in annual capital planning exercise, collaborating with various business units to assess capital needs, align business and product strategies, and identify risks and opportunities associated with the capital projection.
• Preparation of Profit & Loss for M2's TAA mandates under 3-Manager Framework. This includes Asset-Liability Management (ALM) Monitoring, Fund Transfer Pricing (FTP) and Liquidity monitoring.
• Coordinate company Internal Capital Adequacy Assessment Process (ICAAP) framework and reporting.
• Upon Management action trigger (MAT), propose hedging strategy, where applicable, to protect solvency position per hedging policies.
• Explore area of enhancement on profitability and regulatory capital management optimisation. This includes ALM, management of medical portfolio, reinsurance, etc.
• Collaborate with other departments to align the execution of initiatives on profitability and capital optimisation.
• Provide guidance and support to junior team members, if required.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns /risks and proactively shares best risk management practices.

We are looking for people who

• Tertiary – Bachelor in Statistics/ Mathematic/ Actuarial Studies with good progression of actuarial exams in one of the actuarial associations recognized by BNM.
• Ideally minimum 5 years of relevant experience in actuarial related experiences.
• Good progress towards obtaining professional qualifications such as CFA, CPA, Actuarial or FRM
• Experience in Asset-Liability Management (ALM) will be an added advantage.
• Competencies such as business planning, financial modelling, risk analytics, valuation approaches and methodologies, stakeholder management, accountability, decision-making, developing people, developing self, exploring possibilities and teamwork.
• 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.

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.