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Manager, Actuarial

4 weeks ago


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

Job Description - Manager, Actuarial (220002P0)

Job Number:

220002P0

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.

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.
  • Prophet or SAS skills in product modelling and projection.
  • 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.

Entity: Great Eastern General Malaysia

Employment Type: Permanent

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

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