Income Insurance Limited (Income) is one of the leading composite insurers in Singapore, offering life, health and general insurance. Established in Singapore in 1970 to plug a social need for insurance, Income continues to serve the protection, savings and investment needs of individuals, families and businesses today. Its lifestyle-centric and data-driven approach to insurance and financial planning puts Income at the forefront of innovative solutions that empowers better financial wellbeing for all.
About the Team
The Business Finance team plays a pivotal role in financial projections, business planning, performance analytics, and strategic financial assessment. Leveraging robust data, actuarial methodologies, and financial modelling techniques, the team provides forward-looking insights that support business decision-making, business case assessments, and business planning. In addition to strategic analyses, the team is responsible for maintaining critical financial models and supporting the business planning and reporting processes across the organization.
About the Role
As a Manager in Business Finance, you will be a hands-on quantitative professional responsible for developing and maintaining financial projection models, performing complex financial analysis, and supporting key business planning and reporting processes. The role requires strong analytical and data management capabilities, coupled with a solid foundation in actuarial concepts and financial forecasting.
You will spend a significant portion of your time working with large datasets, refining assumptions, maintaining financial models, and producing analysis that support both strategic initiatives and business-as-usual (BAU) activities. This role is well suited for individuals who enjoy data-intensive work and applying quantitative techniques to solve business problems.
Key Responsibilities
Data Management & Analytics
- Process, validate, reconcile, and analyse large and complex datasets from multiple sources to support financial projections and reporting.
- Maintain data integrity and quality across models and reporting outputs.
- Identify opportunities to improve automation, efficiency, and scalability of data processes.
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Support the development and enhancement of analytical tools, data, and reporting solutions.
Financial Modelling & Analysis
- Develop, maintain, and enhance financial projection models
- Perform scenario and sensitivity analysis to assess business performance under varying assumptions and conditions.
- Ensure the integrity, accuracy, and governance of financial models, assumptions, and related analytical outputs.
- Continuously improve modelling methodologies, processes, and controls to enhance efficiency, robustness, and scalability.
Qualifications
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Finance, Economics, Data Analytics, or another highly quantitative discipline.
- 5–10 years of relevant experience in business finance, actuarial, financial planning & analysis, financial modelling, or related analytical roles.
- Proven track record in financial modelling, forecasting, and quantitative analysis.
- Solid understanding of actuarial fundamentals and their application to financial projections and business analysis.
- Demonstrated experience working with large datasets and performing detailed data analysis.
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Good Excel modelling skills, experience with data and analytical tools are required (e.g. Alteryx, Tableau)
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Experience within the insurance, or actuarial environment is preferred.
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Strong analytical, communication, and stakeholder management skills.
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Self-driven, detail-oriented, and capable of working independently in a fast-paced environment.
Income Insurance Compensation & Benefits Highlights
The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about Income Insurance and has not been reviewed or approved by Income Insurance.
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Strong & Reliable Incentives — For sales-oriented roles, performance incentives and tiered bonuses can meaningfully lift earnings when targets are achieved. Some describe it as a solid platform to build income on top of base pay.
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Healthcare Strength — Standard benefits commonly include medical coverage that is described as decent or good. This supports a generally acceptable benefits package for many roles.
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Leave & Time Off Breadth — Annual leave is often viewed as decent, aligning with reports of manageable workloads and work-life balance. This helps offset concerns about base salary competitiveness for some employees.
Income Insurance Insights
What We Do
Income Insurance Limited (Income Insurance) is one of the leading composite insurers in Singapore, offering life, health and general insurance. Established in Singapore to plug a social need for insurance in 1970, Income Insurance continues to put people first by serving the protection, savings and investment needs of individuals, families and businesses today. Its lifestyle-centric and data-driven approach to insurance and financial planning puts the company at the forefront of innovative solutions that empowers the people it serves with better financial well-being. Additionally, Income Insurance is committed to being a responsible business that champions the environment and builds stronger communities by supporting financial inclusion, education for youth-in-need and seniors’ well-being. For more information, please visit www.income.com.sg
