AVP, Actuarial

Position: AVP, System Support

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 AVP, System Support.

The Role:

• To oversee and supervise product set-up activities in FPMS and PF
• To review requirements on system functionalities in the area of actuarial products.
• To review insurance products' rules from various business lines
• To make recommendations on the best practices in products administration.
• To set up, maintain and update FPMS & PE parameters tables and formula for new product launches, new funds or regulatory changes.
• To work with business users and IT technical support team in developing necessary parameters or formula in the product administration and related tables in FPMS and PF.
• To enhance system functionality of FPMS and PF from time to time in related to Products Parameter setting.
• To set up policy illustration formula in PF for NextGen
• To set up new rates table structure
• To perform unit testing of formula besides developing checking program
• To support the implementation of FPMS and PF DAY2 requirements
• Provide actuarial assistance for Product administration and maintenance issues, Life System Business Requirement, Life System Product & Enhancement Testing, Adhoc miscellaneous calculations, General SME support to project initiatives or others.
• Conduct yearly bonus run verification & Review actuarial experience studies
• Key interface between local Risk Management and Compliance (RMC) and System Support team
• To oversee and provide training and guidance to junior staffs in handling FPMS & PF table set-up and formula testing
• 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:

• Possessed a Bach. in Statistics/ Maths/ Actuarial Studies Professional - Passed preliminary actuarial exams
• Minimum 5 years of working experience in life insurance industry with actuarial knowledge
• Sufficient understanding in life insurance actuarial principles
• Good communication skills - written and verbal
• Relevant computer skills - SQL, Macro, Visual Basic, Excel, Words & Data Analysis
• 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.

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.

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