AVP, Capital & In-Force Management

Overview

The In-force and Capital Management team manages the Fund Transfer Pricing (FTP) reporting 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.

Responsibilities

• Monitor the company’s liquidity and capital position to ensure solvency and compliance with regulatory requirements.
• Lead the capital management strategies to optimize the company's capital structure.
• Coordinate 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.
• Review the Profit & Loss for M2's TAA mandates under 3-Manager Reporting Framework. This includes Asset-Liability Management (ALM) Monitoring, Fund Transfer Pricing (FTP) reporting 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.
• Take accountability in considering business and regulatory compliance risks and take 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.

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About Great Eastern

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.

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