Manager, Actuarial, Valuation & Financial Reporting

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Responsibilities

• To lead, review and ensure timely delivery and accuracy of monthly conventional MFRS17 reporting for data preparation and financial results.
• Analyse the MFRS17 Driver of Earning (DOE) results and present the monthly results to senior management.
• Understand the key drivers in financial results and provide useful insight to the management to make informed financial decisions.
• Oversee and support the preparation of financial statement disclosure in accordance with MFRS17 requirements.
• To ensure effective communication on MFRS17-related matters with various stakeholders, i.e. senior management, Regional Office, etc.
• To provide input as needed for the development of business plan exercise based on MFRS17 perspective.
• Drive process improvement by identifying opportunities for streamlining processes and automation to improve overall efficiency of the team and reduce operational risks.
• Ensure proper documentation of MFRS17 reporting process SOP.
• Guide junior staff and develop their skillset, as well as further improve their understanding of MFRS17.

Experience Study & Others

• Ensure the accuracy and adequacy of actuarial assumptions and continuously monitor the MFRS17 financials in support of the company's business strategy and objectives.
• To review the company’s annual experience studies to assess the reasonableness of the current assumption and to revise the assumptions whenever deemed necessary.
• To understand the risks from the current company’s direction and recommend ways which can help improve our company’s earnings performance.
• Support in reviewing Reinsurance treaty, Pricing’s Core Assumptions Setting or any initiatives to ensure compliance with MFRS17 standard.
• To support various MFRS17-related impact assessments as needed to address any potential risks or challenges arising from any new initiative.

How do your skills match this job?

Your application will include the following questions:

• Which of the following statements best describes your right to work in Malaysia?
• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?
• How many years' experience do you have as an Actuarial Manager?

Sun Life Malaysia (Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad) is a joint venture by Sun Life Assurance Company of Canada and Khazanah Nasional Berhad.

As a life insurance and Family Takaful provider, Sun Life Malaysia offers a comprehensive range of products and services to Malaysians across the country and is focused on helping Clients achieve lifetime financial security and live healthier lives. Sun Life Malaysia distributes its products through a range of distribution channels including bancassurance and bancatakaful, agency force, direct marketing and telemarketing, corporate and government business and e-distribution.

For more information please visit www.sunlifemalaysia.com.

Perks and benefits: Medical, Dental, Birthday Leave, Public Holiday Replacement Leave.