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
long service benefits
death & disability benefits
ill-health early retirement benefits
post retirement medical benefits
scheme eligibility design
actuarial valuation & financial reporting
dynamic financial analysis
enterprise data warehouse
employee stock options
financial derivatives modelling
Monte Carlo Simulation
geometric brownian motion
economic scenario generator
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
International Accounting Standards 19 (IAS 19 Employee Benefits)
Singapore Financial Reporting Standards (International) (SFRS-(I) 1-19 Employee Benefits)
Singapore Financial Reporting Standards for Small Entities (SFRS for SE 28 Employee Benefits)
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)
Prakas 443 on Seniority Indemnity
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.
Unit 32-01, Level 32, Tower B Vertical Corporate Towers,
No.8, Jalan Kerinchi,
59200 Kuala Lumpur, MALAYSIA
600 North Bridge Road
#12-02/03 Parkview Square
Unit No. 3A-2, Level 3A, Office Lot
Labuan Times Square
Jalan Merdeka, 87000 W.P Labuan
Outpost Phnom Penh
191 Tonle Sap Street
Phnom Penh CAMBODIA
3A-1-13, Straits Quay
Jalan Seri Tanjung Pinang
10470 Penang MALAYSIA
T: +6012 502 3566