Senior Actuarial Analyst (Actuarial Services)

What the role is
As a member of Team Central Provident Fund (CPF), you will play a crucial role in helping over 4 million members save for their retirement, healthcare, and housing needs as well as helping them cope with life’s uncertainties. With a fulfilling career, career growth, and development opportunities, you will be part of a big family of dedicated professionals. Join us and champion financial security for Singaporeans while leaving a lasting legacy.
What you will be working on
As a Senior Actuarial Analyst in the Department, 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 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 we are looking for
- Relevant actuarial experience with robust technical, analytical, and problem-solving skills.
- Good knowledge of actuarial principles, methods, and practices, with the ability to apply them effectively in a business context.
- Proficiency in FIS insurance risk suite (Prophet) and expertise in data analytics/statistical programming (e.G., Python and Power BI) is advantageous.
- Good understanding of the current regulatory framework and industry practices.
- Effective communication and stakeholder management skills.
- A strong passion for delivering high-quality work and devising solutions for challenging industry issues.
- Good progress in professional actuarial qualifications is preferred
Seniority of appointment will commensurate with relevant work experience
What you can expect
- A challenging and rewarding career
- A variety of formal and informal training to enhance your skills in the evolving technology landscape
- Promotion opportunities based on your capability and on-the-job performance
- A friendly work environment with like-minded colleagues to co-create and collaborate together
- A hybrid work model allowing remote work for up to 50% of the time, contingent upon the exigencies of service
- A productive yet growth-oriented workplace with a flexible dress code empowering you to decide your appropriate outfit for the day
- A comprehensive rewards package
- Annual leave and pro-family leave
- Medical and dental benefits
- Access to recreational activities
- Position is on 2-year full time contract directly under the payroll of CPF Board with potential for emplacement into permanent position.