Associate/Assistant Manager, Actuarial

4 weeks ago

Kuala Lumpur, Kuala Lumpur, Malaysia Great Eastern Malaysia Full time
Position: Associate, Actuarial - Financial Condition Management

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 exciting career filled with opportunities and potential, we are seeking a professional to join our team as Associate, Actuarial - Financial Condition Management.

The Role:
  • Perform asset share and bonus reserve valuation study.
  • Prepare bonus recommendations for Participating policyholders and necessary regulatory submissions.
  • Perform user acceptance test (UAT) for Prophet modelling.
  • Assist with system set-up and perform UAT in the relevant life systems for bonus revision and interest rate updates.
  • Prepare and submit relevant reports to internal parties (e.g. Monthly Expense Allocation and Quarterly Expense Monitoring).
  • Provide technical support for policy miscellaneous calculation.
  • Perform annual review of internal policies.
  • Ensure that standard operating procedure (SOP) are up-to-date.
  • Analyse and monitor experience of life insurance portfolio (e.g. Claims, Persistency).
  • 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 shares best risk management practice.
  • Other responsibilities entailed.
The Person:
  • Degree in Actuarial Science.
  • Fresh graduate to approximately 2 years working experience.
  • Good understanding of the insurance industry.
  • Good communication, project management and time management skills, and possess good problem solving ability.
  • Proficient in Microsoft Office and programming language.
  • 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: HQ, Kuala Lumpur

Entity: Great Eastern Life 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 resumes.

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