Associate, Individual Life Pricing

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time. Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Appointments

·       Provide pricing and operational support to the actuarial team

 

Professional Summary:

We are seeking a dynamic professional to join our Pricing and Actuarial team, providing critical support in product pricing and operational processes. The role focuses on ensuring profitability and compliance while enabling timely product launches across a diverse portfolio, including participating, non-participating, investment-linked, and Indexed Universal Life products.

Responsibilities:

·       Pricing & Analysis: Drive pricing of new products and repricing existing ones, supported by actuarial analysis, data modeling, and experience studies to inform strategic decisions.

·       Cross-Functional Collaboration: Work closely with Product, IT, Operations, Claims, Investment, Finance, Risk Management, and other stakeholders to resolve product-related issues and drive initiatives.

·       Regulatory & Governance Support: Prepare materials for Product Committee meetings and manage premium certificate filings with MAS, ensuring compliance with regulatory standards.

·       Operational & System Support: Provide support for PSQ, UAT, and sign-off processes, addressing system and collateral issues from a pricing perspective.

·       Mentorship & Development: Contribute to the growth of analysts through guidance and knowledge sharing.

·       Ad-Hoc Requests: Respond to data and statistical requests from regulatory bodies such as LIA, MAS, MOH, and CPF.

 

Requirements:

·       Relevant Experience: 4–7 years in actuarial or related fields, with hands-on experience in pricing or valuation.

·       Educational Background: University degree in Actuarial Science, Finance, or Accounting, with progress toward an actuarial qualification.

·       Technical Knowledge & Proficiency: Advanced actuarial knowledge and proficient in MS Excel; experience with Prophet and Alteryx is an advantage.

·       Analytical & Change-Driven Mindset: Drive initiatives to improve current process for the benefit of the team based on pain points by leveraging on AI or other tools.

·       Project & Communication Skills: Ability to manage priorities, timelines, and projects effectively, coupled with excellent communication and interpersonal skills.