Executive – Valuation, IFRS 17 and Analytics

4 days ago


Kuala Lumpur, Kuala Lumpur, Malaysia Liberty General Insurance Berhad Full time
Executive – Valuation, IFRS 17 and Analytics

Job Objective: Assist the team on actuarial matters relating to financial and regulatory reporting (MFRS4, MFRS17 and USGAAP) and matters pursuant to business and BNM's requirements as well as modelling and analytics function within Actuarial department.

Individual Responsibilities:

  1. Strategic
    • Accuracy of results
    • Reports to Assistant Manager – Valuation, IFRS 17 and Analytics
    • Assist the team on actuarial investigation and regulatory reporting as required by relevant BNM guidelines to ensure the results are compliant and clearly communicated
    • Timely delivery of results
    • Corporate policies and procedures
    • Assist the team on company's experience and analyse claims data to gauge impact on business
    • Effective communication of results to key stakeholders, including Senior Management and regulators
  2. Compliance and Legal regulations
    • Assist the team on financial reporting and changes in the accounting standard for smooth transition and help stakeholders understand the results
    • Continuous process improvement
    • Local regulatory compliance on actuarial functions
    • Work closely in special studies/ad-hoc requests from business units and present findings to relevant stakeholders
    • Build internal capabilities
    • Interact with other business units
    • Provide advice on the impact of positions taken under different accounting standards to assist stakeholders with decision making
    • Provide feedback to relevant business units to address the effects of developments that may materially affect the financial condition of the company
    • Learn and support other functional areas within the department to ensure timely delivery of results
    • Ensure output of actuarial investigation is accurate and delivered in a timely manner for internal reporting and regulatory submission
  3. Regulatory reserving report
    • Ensure effective and efficient administration of day-to-day business operations in line with SOP across all support functions
    • Implement guidelines and policies in line with statutory requirements
    • Ensure compliance with business strategies
  4. Corporate technology decisions
    • Ensure consistency with enterprise risk management guidelines
    • Ensure compliance with regulations and laws
    • Execution of corporate guidelines and policies consistent with the values of the corporation
    • Ensure good corporate governance is practiced by the company

Minimum Qualifications:

  • Degree in Actuarial Science/Statistics/Mathematics
  • Knowledge of financial reporting standards, IFRS 17 requirements, reserving of insurance liabilities, claims/loss ratio monitoring, predictive modelling
Seniority level

Entry level

Employment type

Full-time

Job function

Other

Industries

Insurance

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