Manager - Regulatory Reporting (Actuarial FCM)

Responsible for ensuring all statutory reports strictly comply with BNM regulations, including accurate reporting formats and compliance with reporting standards and continuously monitor changes in reporting requirements or new regulations and integrate them into reporting process effectively and the submissions are delivered on or before the specified due dates set by BNM without requiring extensions. In performing the tasks, to always ensure compliance, accuracy and consistency in the application of BNM guidelines, MASB accounting standards, auditors, Group Office and other relevant guidelines, regulations and SOPs and to ensure a pass in audit review.

• Prepare the BNM reports such as Takaful Operators Statistical System (“TOSS”), Month-on- Month (“MoM”) variance analysis and review the Risk-Based Capital for Takaful Operator ("RBCT").
• Prepare the BNM MFRS17 TOSS Trial Run submission in accordance with the guidelines prescribed by BNM.
• Prepare and review/update relevant procedural manual and documentation.
• Involved in TM1 project for IFRS17 - Enhancement on BNM Regulatory and Financial Reports, Data Interface Specification (DIS) for Insurance Takaful System Development and RBCT - Quantitative Impact Study 2.
• To prepare, review and approve the reconciliations, analysis and clearance (where required) for P&L and balance sheet activities.
• To consistently demonstrate strong time management skills and ensure all reporting timelines are met and the accuracy and validity of all reported numbers. Sufficient time is allocated for reviews, preventing delays or last minute.
• All queries, correspondences and ad-hoc requests are attended within the required timeline by gathering such info either from Finance team or outside of Finance team and data provided is accurate and well supported with appropriate documentation, aligning with requirements.
• Coordinates and manages the reporting team, ensuring clear communication, timely task assignment and problem resolution. Regularly reviews and enhances the processes, identifying opportunities for improvement to drive efficiency. Provides ongoing support to team members, addressing skill gaps and areas for improvement.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies to understand the risk and better safeguard the company.
• Highlights any potential concerns /risks and proactively shares best risk management practices.

• Bachelor’s degree in accounting or any relevant discipline.
• At least 6-7 years working experiences in financial institutions preferably in family takaful or life insurance.
• Proficient in the MFRSs, familiar with fund accounting.
• Result oriented, proactive, flexible, positive attitude, and continuously looking for new opportunities to make change.
• Strong analytical, decision-making skills.
• Ability to manage multiple priorities and meet tight deadlines in a fast-paced environment.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

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.