Government officials will NEVER ask you to transfer money or disclose bank log-in details over a phone call.
Call the 24/7 ScamShield Helpline at 1799 or visit the ScamShield website if you are unsure if something is a scam.
Actuarial Executive
Overview
Actuarial executives create technical pricing for financial products by analysing risks and uncertainties.
Description
- Analyse data to determine the rates of products.
- Assess portfolio risks using mathematical models and statistical concepts like probability.
- Calculate the pricing of insurance benefits and credit schemes.
- Monitor and document the development of client’s accounts.
- Participate in activities sharing technical knowledge.
Entry requirements
- A Bachelor’s Degree in Actuarial Science or related fields like Mathematics is required.
- Knowledge in Economics, Accounting, Computer Science, Statistics, Calculus, or Probability will give you a huge advantage.
Salary
$4,500 – 6,000
/mo
Salary ranges are estimated based on public information found on Singaporean job portals, including MyCareersFuture, MySkillsFuture. Updated as of 2026.
Trivia
If you like both mathematics and computer programming, this could be the perfect job for you.
What to expect
Get familiar with accounting software early - it's helpful for checking compliance standards and assessing risks.
Soft
skills
Communication
Able to clearly share complex information to others.
Innovative Problem-Solving
Able to develop creative approaches to solving challenges.
Critical Thinking
Ability to analyse information and make logical decisions.
Financial Modelling
Skilled in creating financial models to support decision-making.
Data Analytics
Able to analyse large datasets to predict trends and calculate risks.
Programming and Coding
Possess knowledge of programming languages like Python or R for automating tasks.
Hard
skills
Frequently asked questions
It refers to using statistics to find out the probability of events and their financial impact. In insurance companies, actuarial executives would calculate the risks of insuring clients and what premiums to offer.
No, their skills are in high demand across many industries. They may also work at investment banks and consulting firms.
They need a solid foundation in mathematics. They should also stay updated with mathematical concepts and techniques for success in the role.
They use actuarial software, statistical software, spreadsheet programs, database software, and others.
One big risk is making inaccurate assessments that lead to significant financial losses for the company.