NICHOLAS ACTUARIAL SOLUTIONS

EMPLOYEE BENEFITS PRACTICE

We provide employee benefits accounting under the International Financial Reporting Standards (IFRS).
We are specialised in providing actuarial valuation services for employee benefits 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
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 

 

CONTACT US

Kuala Lumpur

C-09-10 iTech Tower

Jalan Impact 63000 Cyberjaya

Selangor MALAYSIA

E: enquiry@n-actuarial.com

Singapore

600 North Bridge Road

#12-02/03 Parkview Square

SINGAPORE 188778

E: singapore@n-actuarial.com

Labuan

Unit No. 3A-2, Level 3A, Office Lot

Labuan Times Square

Jalan Merdeka, 87000 W.P Labuan

E: labuan@n-actuarial.com

Phnom Penh

Outpost Phnom Penh
Yellow Tower

191 Tonle Sap Street
Phnom Penh CAMBODIA

E: cambodia@n-actuarial.com

Penang

3A-1-13, Straits Quay

Jalan Seri Tanjung Pinang

Tanjung Tokong,

10470 Penang MALAYSIA

E: penang@n-actuarial.com

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E: enquiry@n-actuarial.com

T: +6012 502 3566

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