Mark Godson had always wanted to live and work overseas, but had never set his heart on anywhere in particular. When an opportunity to work in Singapore presented itself, he said yes and jumped on a plane eight weeks later. Four years on and he would recommend it to anyone
When opportunity knocks
Mark Godson had always wanted to live and work overseas, but had never set his heart on anywhere in particular. When an opportunity to work in Singapore presented itself, he said yes and jumped on a plane eight weeks later. Four years on and he would recommend it to anyone
Explain what motivated you to seek employment overseas.
I had always wanted to work overseas, but without a specific place in mind. I thought it would be interesting from a professional and personal point of view.
How did you find the role you are doing?
One of the partners in the firm was asked to move to Singapore to set-up an actuarial office. He asked me if I would assist him. The opportunity was there and I decided to take him up on the offer. There were only about eight to 10 weeks between accepting the offer, and being on a plane to Singapore.
What attracted you to Singapore?
There were a number of factors that contributed. There is a huge difference working in a country with a rapidly developing economy compared to one that has already developed. The role meant that I could experience the full range of this spectrum. I was forced to alter my way of working in each one, and really get to know individual industries rather than thinking of the region as one entire whole.
Secondly, it had to be somewhere that both my wife and I would be happy to live. We had previously visited Singapore, and thought that it could be that place.
Lastly, English is the main business language spoken in Singapore, meaning the transition would be easier.
What were the main challenges you faced when moving overseas?
From a professional perspective, the main challenge was that I had zero knowledge of the local life insurance industry in Singapore, or any of its neighbouring countries. My ideas on how things should be done were based on my UK experience, so I needed to adapt my way of thinking.
From a personal perspective, it was the fact that we were moving to a country that we had no connection to. While it was easy to meet people, it naturally takes a little while to form close friends. Luckily, we have made some lifelong friends from our time overseas.
What are the main differences you have found to working overseas compared with working in the UK?
Actually, the main thing I have noticed is that actuarial work is very similar the world over. The fundamental principles do not change, you are just applying them differently.
What is the best thing about where you worked?
I have had the pleasure of working with some fantastic people, both internally and with our clients. Working in a small team means that you can generate a strong team spirit and really get to know people.
And the worst?
Some very long nights working in hotel rooms or project rooms.
Give an unusual fact about the country in which you work.
Apart from Monaco, Singapore is the most densely populated country in the world. However, because it's so well planned, it doesn't feel at all claustrophobic.
What are the key attributes an actuary or actuarial student would need to work in your country?
A willingness to adapt. There are far fewer actuaries in companies here than in the UK and each person needs to take on a broader role.
Do you have any advice for others looking for overseas work?
Don't be afraid to try it. The absolute worst outcome is that you don't like it and move back home again.
Would you describe yourself as a global actuary and why?
Yes. Working abroad has made me realise how universal and well thought of the actuarial qualification is, and how much of a difference you can make. I would certainly consider working in other locations in the future.
Where do you call 'home'?
London, and it always will be.
What is your favourite local custom?
Singaporeans love to eat out, and it's easy to see why. Most people will go out to eat lunch, dinner and sometimes a late supper as well.
Have you learned a new language?
Unfortunately not. I have learned a few words of a number of different languages, but they are usually food related, or occasionally insults.
Have you taken up a new sport / pastime?
Being so hot, swimming is ideal. I could swim almost every day in fantastic weather.
How often do you read The Actuary magazine?
Each month, in print, and back to front like everyone else!