Employee Benefits | Nicholas Actuarial Solutions

NICHOLAS ACTUARIAL SOLUTIONS

EMPLOYEE BENEFITS PRACTICE

We provide employee benefits accounting under the International Financial Reporting Standards (IFRS).

We assist with actuarial valuations for accounting purposes of retirement and other long-term benefit plans including pension, gratuity, annuity, long service benefits, post-retirement medical benefits and flexible benefits in Asia.

Our most notable clients are from Singapore, Malaysia and Cambodia, hence, we are familiar with local reporting regulations and requirements of respective countries. Valuation performed using the Projected Unit Credit (PUC) method as required by the IAS 19 Employee Benefits.

We are also familiar with the seniority payment calculation required by the Prakas 443 on Senior Indemnity in Cambodia.

benefit design & planning

gratuity benefits
pension benefits
retirement benefits
annuity
long service benefits
death & disability benefits
withdrawal benefits
ill-health early retirement benefits
post retirement medical benefits
flexible benefits
salary planning
scheme eligibility design
sustainability analysis

actuarial valuation & financial reporting

accounting valuation
funding valuation
IAS 19 Employee Benefits
SFRS(I) 1-19 Employee Benefits
SFRS for SE 28 Employee Benefits
MFRS 119 Employee Benefits
MPERS 28 Employee Benefits
MPSAS 25 Employee Benefits
sensitivity testing
dynamic financial analysis
enterprise data warehouse

employee stock options

financial derivatives modelling
Black-Scholes Model
Monte Carlo Simulation
binomial lattice
trinomial lattice
finite differences
geometric brownian motion
economic scenario generator
stochastic modelling

PRACTICE LEADER

Shu Yi joined Nicholas Actuarial Solutions as a partner in 2017. She has an outstanding business acumen and a desire to succeed.

Shu Yi has experience in performing actuarial pricing and reserving work. She also plays a key role in business development. She is keen to explore data analytics, insurtech and other non-traditional applications of actuarial knowledge.

Prior to this, she has experience working for large Japanese and European multinational insurance companies. She holds a BSc in Actuarial Studies and is studying towards attaining Fellowship of the Society of Actuaries.

Lim Shu Yi

Partner

RESOURCES

International Practice

International Accounting Standard 19 (IAS 19 Employee Benefits)

Singapore

Singapore Financial Reporting Standards (International) (SFRS-(I) 1-19 Employee Benefits)

Singapore Financial Reporting Standards for Small Entities (SFRS for SE 28 Employee Benefits)

Malaysia

Malaysian Financial Reporting Standards 119 (MFRS 119 Employee Benefits)

Malaysian Private Entities Reporting Standards 28 (MPERS 28 Employee Benefits)

Malaysian Public Sector Accounting Standards 25 (MPSAS 25 Employee Benefits)

An Empirical Analysis of Defined Benefit Plans in Malaysia (Defined Benefit (DB) Plans)

Cambodia

Prakas 443 on Seniority Indemnity

India

We specialise in actuarial valuation for employee benefits to comply with accounting requirements according to local and international financial reporting standards. Click HERE for more information.