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 (end of service benefits), 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
-
end of service 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
-
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 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)
Cambodia
Prakas 443 on Seniority Indemnity (Prakas No. 443)
India
Accounting Valuation IND AS 19 (Ind AS 19)
Accounting Valuation IND AS 2: Share-Based payments (Ind AS 102)
ACTUARIAL VALUATION OF EMPLOYEE BENEFITS
We specialise in actuarial valuation for employee benefits to comply with accounting requirements according to local and international financial reporting standards.
Click on the country for more information.
CONTACT US
MALAYSIA
Kuala Lumpur
Unit 32-01, Level 32, Tower B Vertical Corporate Towers,
No.8, Jalan Kerinchi,
59200 Kuala Lumpur, MALAYSIA
E: enquiry@n-actuarial.com
T: +6012 502 3566
Indonesia
The Prominence Office Tower, Level 28, Unit C, Jl. Jalur Sutera Barat No. 15 RT.003/RW.006,
Kel. Panunggangan Timur, Kec. Pinang, Kota Tangerang, Banten 15143
E: indonesia@n-actuarial.com
T: +62 8965 367 9469
Penang
3A-1-13, Straits Quay
Jalan Seri Tanjung Pinang
Tanjung Tokong,
10470 Penang MALAYSIA
T: +6012 502 3566
Singapore
600 North Bridge Road
#12-02/03 Parkview Square
SINGAPORE 188778
T: +65 9358 6606
Labuan
Unit No. 3A-2, Level 3A, Office Lot
Labuan Times Square
Jalan Merdeka, 87000 W.P Labuan
T: +6012 502 3566
Cambodia
5A Floor 3F Morgan Tower Sopheak Mongkol RD, Koh Pich, Tonle Bassac,
Phnom Penh CAMBODIA
T: +855 076 3441 970
Malaysia T: +6012 502 3566
Singapore T: +65 9358 6606
Indonesia T: +62 8965 367 9469
Cambodia T: T: +855 076 3441 970