Associate / Assistant Manager, Actuarial (Financial Management and Modelling)

Job Description - Associate / Assistant Manager, Actuarial (Financial Management and Modelling) (220000WY)

Job Number:

220000WY

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia’s leading insurers for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Assistant Manager, Actuarial - FCM (Actuarial Modelling).

The Role:

• Maintain, modify and enhance the Actuarial Model in Prophet Professional and Prophet Enterprise for reporting and capital frameworks, including RBC and IFRS17.
• Ensure accuracy and consistency of the results produced by Actuarial Modelling.
• Comply with internal model governance and validation policies. This includes reviewing procedures to maintain model integrity and appropriate model documentation.
• Explore areas for enhancement to raise the standard of current modelling process. This includes standardising coding structures and improving model efficiency.
• Support User Acceptance Testing (“UAT”) on IFRS17-related changes, Actuarial Modelling, valuation data and reporting processes.
• Participate in projects related to Actuarial Modelling, including product development and performance improvement initiatives.
• Provide technical support to Actuarial Model users.
• Perform experience analyses and involve in setting the best estimate assumptions as part of the Actuarial Control Cycle.
• Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlight any potential concerns/risks and proactively share best risk management practices.
• Other responsibilities entailed.

The Person:

• Degree holder in Actuarial Science and with good progress in Actuarial exams.
• Ideally minimum 2 years of relevant experience in Actuarial positions.
• Good attention to detail and able to complete tasks efficiently and independently.
• Experienced with Actuarial Modelling using Prophet Professional.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

Entity: Great Eastern Life Malaysia

Employment Type: Permanent