Manager, Actuarial

4 months ago

Kuala Lumpur, Kuala Lumpur, Malaysia Great Eastern Malaysia Full time
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 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.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose 'we' over 'me'. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an enriching career filled with opportunities and potential, we are seeking an experienced professional to join our team as Manager, Actuarial (GEGM)

Job Purpose

Coordinate and manage actuarial assignments that require group-level collaboration and support, particularly in the area of IFRS 17 reporting.

The Job
  • Assist in the development and ongoing maintenance of IFRS 17 model architecture across all GI entities, including model governance and model validation in accordance with internal policy.
  • Review IFRS 17 procedures to maintain model integrity and appropriate model documentation and perform/ review UAT on IFRS 17 end-to-end reporting process, including but not limited to the outputs from Prophet, DM, IDR and AICE/ AAH.
  • Coordinate and provide actuarial support to cross-entity actuarial assignments such as liability valuation, stress testing, financial conditional report, reinsurance optimisation.
  • Assist in the development of actuarial models and implement necessary upgrades to ensure compliance with the accounting and regulatory capital frameworks.
  • Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks
  • Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
  • Highlights any potential concerns /risks and proactively shares best risk management practices.
The Role
  • Tertiary - Bach. in Statistics / Maths / Actuarial Studies
  • Good progress in professional actuarial exams in one of the actuarial associations recognised by BNM
  • At least 5 years actuarial related experience
  • Good communication skills - written and verbal
  • Relevant computer skills - Macro, Visual Basic, Excel, Words, Power Point etc
  • Prophet or SAS skills in product modelling and projection
  • Sounds actuarial principles
  • Good understanding in Company's financial, market positions and overall operational procedures. Should possess good understanding on regulations and guidelines
  • Good understanding of IFRS17 reporting requirements
  • 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.
Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Location: Menara Great Eastern, Kuala Lumpur

Entity: Great Eastern General Malaysia

Employment Type: Permanent

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resume

About Great Eastern

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.

We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people's lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

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