What you will be working on
In this role, you will:
- Work with a multitude of internal and external stakeholders (consultants, industry workgroups, government ministries/agencies etc) on actuarial and insurance-related tasks and projects.
- Setup and perform ongoing enhancement of the actuarial processes and workflow (covering modelling, valuation, experience studies, key risk monitoring, pricing analysis etc) to manage the CPFB insurance schemes.
- Operationalise regulatory framework, accounting standards and industry best practices for CPFB insurance schemes.
- Conduct research on actuarial approaches relevant for CPFB insurance schemes.
- Leverage on data analytics to conduct actuarial analyses to support the Board’s initiatives to benefit CPF members.
What are we looking for
We value the diverse talents and experiences that each individual brings to the table. While mastery of every requirement may not be necessary, familiarity and expertise in some of the following areas will position you for success within this team.
- Relevant experience in actuarial analysis and insurance scheme management, with demonstrated progression in actuarial responsibilities.
- Have experience in technical actuarial work including modelling, valuation, experience studies, and risk monitoring.
- Proficient in FIS insurance risk suite (Prophet), with experience in data analytics and statistical programming tools such as Python and Power BI being advantageous.
- Good understanding of Financial Reporting Standard 117 (FRS117), current regulatory framework and industry practices.
- Have experience in stakeholder management and working with diverse internal and external partners.
- Passionate about delivering high-quality work and developing solutions for challenging industry issues.
- Communicates effectively, both in writing and speaking.
- Works independently and manages priorities effectively.
- Adaptable and resourceful in handling different tasks and challenges.
The seniority of appointment and actual corporate job title will commensurate with individual work experiences.
Position is on a 2-year full time contract directly under the payroll of CPF Board with potential for emplacement into permanent position.