Manager, Actuarial Services
1 month ago
The incumbent is responsible to assist the Manager 1 / Senior Manager to define and implement appropriate actuarial standards and work processes in relation to the provision of actuarial services to the Company.
Actuarial knowledge and skills are necessary in various aspects of insurance business, e.g. product design and pricing, analysis of the company's claims, persistency and expense experience to set pricing assumptions, arrangement of reinsurance, calculation of reserves and profit reporting under various regulatory bases to assess financial health of a new product.
Principal Duties & Responsibilities:
- Team lead in the product development / pricing process with other relevant Departments (Marketing, IT and Operations), with the aim of designing products in line with company profitability targets and risk appetite. Provide technical support and specifications with respect to new insurance products.
- Recommend appropriate pricing assumptions and profitability targets. Undertake pricing of products based on agreed pricing assumptions and profitability targets in Prophet. Correct and timely pricing of products.
- Accurate and timely provision of actuarial support to Product Implementation Team. This includes review of policyholder documentation / sales materials, formula specs for Sales Illustrations, review of test plans, etc.
- Review and analyse Prophet model office financial output. This will include all financial output where Prophet is used (Statutory Valuation, Embedded Value, New Business Profitability, Solvency II/GIECA, IFRS profits and other financial projections for product submissions to internal stakeholders, regional head office and regulators). Perform reasonableness checks as appropriate.
- Interpret and communicate results to Manager 1 / Senior Manager and other internal and external stakeholders. Accurate and timely production of financial output. Preparation of pricing documentation for submission to Product Steering Committee, Regional reviewer, BNM, and response to relevant queries.
- Assess risks inherent in a new product, communicate implications effectively and identify mitigating solutions to manage risk.
- Participate and influence various company-wide business initiatives. This includes product and process reviews, business retention and solutioning, regulatory change requirements, system upgrade initiatives, etc.
- Provision of general actuarial advice and expertise to address policyholder / agent / regulatory queries where necessary. Ensure information provided is accurate, sufficiently detailed to the audience intended and addresses issues at hand.
- Provide general supervision to team in charge, ensuring consistent career growth and opportunities provided.
JOB SPECIFICATION (requirements)
Qualifications:
- Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline
- Good progress in actuarial professional examinations.
Experience:
- At least 5 years relevant working experience
Knowledge
- A numerate and analytical mind.
- Proficiency with programming tools (e.g. Visual Basic)
- Practical knowledge in Prophet (preferred) or other projection software would be preferred
- Must be meticulous with the ability to work under pressure.
- Must be self-motivated with the ability to work under minimum supervision
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
We have other current jobs related to this field that you can find below
-
Actuarial Analyst
3 weeks ago
Kuala Lumpur, Malaysia Nicholas Actuarial Solutions Sdn Bhd Full timeNicholas Actuarial Solutions is an actuarial firm founded in 2015. We are the first and only actuarial firm awarded MSC Malaysia status by the Malaysian Government, a mark of world-class service and achievement. We have been awarded as the Top Actuarial Firm in Asia by Asia Captive Review in 2019. We have 10 practices specializing in technology & innovation,...
-
Actuarial Analyst
2 weeks ago
Kuala Lumpur, Kuala Lumpur, Malaysia Nicholas Actuarial Solutions Sdn Bhd Full timeNicholas Actuarial Solutions is an actuarial firm founded in 2015. We are the first and only actuarial firm awarded MSC Malaysia status by the Malaysian Government, a mark of world-class service and achievement. We have been awarded as the Top Actuarial Firm in Asia by Asia Captive Review in 2019. We have 10 practices specializing in technology & innovation,...
-
Manager, Actuarial Services
1 week ago
Kuala Lumpur, Malaysia Prudential plc Full timeManager, Actuarial Services Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the...
-
Manager, Actuarial Services
2 weeks ago
Kuala Lumpur, Malaysia Prudential plc Full timePrudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...
-
Manager, Actuarial Services
2 weeks ago
Kuala Lumpur, Kuala Lumpur, Malaysia Prudential plc Full timePrudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our...
-
Manager, TIM Actuarial Services
2 days ago
Kuala Lumpur, Kuala Lumpur, Malaysia FWD Group Management Holdings Limited Full timeAbout FWD GroupFWD Group is a pan-Asian life insurance business with more than 13 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD's customer-led and digitally enabled approach aims to deliver...
-
Manager, TIM Actuarial Services
2 days ago
Kuala Lumpur, Malaysia FWD Group Management Holdings Limited Full timeAbout FWD GroupFWD Group is a pan-Asian life insurance business with more than 13 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD's customer-led and digitally enabled approach aims to deliver...
-
Manager, Actuarial Services
1 month ago
Kuala Lumpur, Kuala Lumpur, Malaysia Prudential plc Full timePrudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our...
-
Manager, Actuarial Services
2 weeks ago
Kuala Lumpur, Kuala Lumpur, Malaysia Prudential plc Full timePrudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our...
-
Internship (Actuarial Services)
2 weeks ago
Kuala Lumpur, Malaysia Prudential plc Full timeInternship (Actuarial Services) Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to...
-
Manager, Actuarial
2 weeks ago
Kuala Lumpur, Malaysia Great Eastern Malaysia Full timeManager, Actuarial **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 insurer 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 I **ntegrity, Initiative, and Involvement**: -...
-
Manager, Group Actuarial
2 weeks ago
Kuala Lumpur, Malaysia FWD Group Management Holdings Limited Full timeManager, Group Actuarial **About FWD Group** FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and...
-
Actuarial Data Analyst
2 weeks ago
Kuala Lumpur, Malaysia Power IT Services Full time**Technical Responsibilities** ▪ Conversion of existing Python scripts (in AWS) specific to Life and Health Actuarial teams to Google Big Query SQL ▪ Testing of the rewritten Big Query SQL logic and sign-off, upon alignment with Actuarial teams ▪ Document the requirement, ETL logic, testing plan and test results **Skills Requirement** ▪ Must...
-
Manager, Group Actuarial
4 weeks ago
Kuala Lumpur, Malaysia FWD Insurance Full timeAbout FWD Group FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products,...
-
Actuarial Executive
2 weeks ago
Kuala Lumpur, Kuala Lumpur, Malaysia Chrisjac Recruitment Services Full timePosition title: Actuarial Executive:- Salary: RM :- Job location: City center (5-day week), Kuala Lumpur.Our client is an established public listed company with main core of business activities in financial services, insurance and information technology. Their corporate head office is based at city center in Kuala Lumpur. Currently they are recruiting...
-
Manager, Actuarial
2 weeks ago
Kuala Lumpur, Kuala Lumpur, Malaysia Great Eastern Malaysia Full timeManager, ActuarialDiscover 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 insurer 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 I ntegrity, Initiative, and Involvement:- from the way we...
-
Actuarial Assistant Manager
3 months ago
Kuala Lumpur, Malaysia Zurich Insurance Group Full timeJob SummaryActs under direct supervision, performing actuarial duties in order to provide highly accurate data and analyses for use by more senior actuaries in relation to reserving, reporting, quantitative risk management or the pricing of business.Job Accountabilities - Key Accountabilities Provide basic actuarial services under direct supervision to...
-
Actuarial Executive
2 months ago
Kuala Lumpur, Malaysia Zurich Insurance Full timeJob Summary- Acts under direct instruction, performing actuarial duties in order to provide highly accurate data and analyses for use by more senior actuaries in relation to reserving, reporting, quantitative risk management or the pricing of business.- Job Accountabilities - Key Accountabilities- Provide basic actuarial services under direct instruction of...
-
Manager, Group Actuarial
2 weeks ago
Kuala Lumpur, Kuala Lumpur, Malaysia FWD Insurance Full timeAbout FWD GroupFWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products,...
-
Manager, Group Actuarial
1 month ago
Kuala Lumpur, Kuala Lumpur, Malaysia FWD Group Management Holdings Limited Full timeAbout FWD GroupFWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products,...
