Job Description

Established in 2015, China Life Insurance (Singapore) Pte. Ltd. is a licensed life insurer which is regulated by the Monetary Authority of Singapore. As part of China Life Insurance (Group) Company ("China Life") which is the largest state-owned financial insurance corporation in China, we are backed by its financial strength and established heritage^. For 20 consecutive years, China Life is a Fortune Global 500 company, ranking 40 in 2022. It is an influential global brand with a brand value of RMB 452.539 billion*.

Our parent company, China Life Insurance (Overseas) Company Limited ("China Life (Overseas)") is a wholly-owned subsidiary of China Life. It has grown to become one of the largest financial institutions in Hong Kong with a total asset value of HKD 463.1 billion (December 2022) and a total premium income of HKD 49.2 billion in 2022. China Life (Overseas) has extended its footprint in Southeast Asia region in recent years, and established subsidiaries in Singapore and Indonesia in 2015 and 2018 respectively. Its financial rating by Moody\'s was "A1" (insurance financial strength rating in October 2022) and by Standard & Poor\'s was "A" (long-term local currency issuer credit rating and insurer financial strength rating in December 2022).

As a socially responsible company, we are committed to offer value-added financial solutions to customers to fulfil their risk protection, retirement, wealth management, and legacy planning needs. We believe in giving back to society through our corporate social responsibility activities to make a positive impact on the community and our customers.Moody\'s has assigned insurance financial strength ratings (IFSR) of A3 to our company in November 2022. The outlook is stable. We have a network of 19 branches formed by strategic partnership of 2 banks, and 24 strategic partners formed by local and international brokerages, and wealth management companies. We have officially launched our Agency Channel. It aims to penetrate the local insurance industry and built a trusted and experienced team, equipped to provide utmost services to local clients and high net worth clients.



Position Objective

To learn and understand about IFRS 17 reporting in Life insurance company.

• Learn about new financial reporting standards IFRS17 for insurance industry
• Learn about the main processes in IFRS 17 reporting, and hands-on in some of the processes e.g actuarial model production
• Learn about reconciliations of source data, and transform to valuation data
• Learn about performing actuarial model, and extraction and reviewing of model output

Job Requirements:

• Major in Actuarial science, Mathematics, accountancy and data science or related
• At least commence for 4months
• Keen interest to understand and build on IFRS 17 valuation
• Good team player
• Microsoft Office skills/ VBA program
• Experience in programming is a plus
• Team player
• Meticulous and accurate

Application Instructions

Please apply for this position by submitting your CV.
Kindly note that only shortlisted candidates will be notified.

InternSG