Senior Actuarial Analyst

1 week ago


Kuala Lumpur, Kuala Lumpur, Malaysia HFG Insurance Recruitment Full time

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Direct message the job poster from HFG Insurance Recruitment

Benjamin Chong | Specialist Recruiter at HFG Insurance Recruitment | Connecting Top Talent with Leading Opportunities in the Insurance & Financial

PURPOSE

Responsible to develop and maintain the centralized Actuarial models independently and ensure compliance with the Group Model Governance policy as well as support the Actuarial initiatives/projects independently as required by Group Actuarial / business units (BUs).

KEY ACCOUNTABILITIES

  1. Provide guidance to junior team members in their daily tasks.
  2. Support the development and maintenance of the Centralized modelling services by/ through:
    1. Independently performing the development and maintenance of the centralized Actuarial models for business units, and ensure quality and on-time work delivery.
    2. Demonstrating an in-depth Prophet modelling skills in the Model design, build, coding and testing and effectively apply the skills throughout the development, execution and improvement of modelling process.
    3. Working in close collaboration, interaction and independently with business units to deliver defined Prophet modelling services within the agreed scope and provide regular modelling service progress.
    4. Exercising judgement using established practices and skills to perform modelling checking and regression tests, define and communicate model change impacts and mitigation actions, as well as maintain model documentations for key stakeholders.
    5. Escalating modelling issues to the Country Model Lead on a timely manner.
    6. Implementing the Group Model Governance policy including the model documentation, modelling process and controls.
  3. Support the SME & Model Reviewer in:
    1. Conducting in-depth model review on models change made by HK, TH, JP and any other assigned countries.
    2. Conducting the independent review of developed actuarial models against established governance standards, to ensure models compliance and overall controls.
    3. Performing technical review of actuarial models and validation results, as well as identify potential risks and issues from the review process.
    4. Preparing the feedback on modelling review results, and outline potential gaps.
  4. Contribute as an experienced project resource in supporting the Actuarial services or resources on projects basis including but not limited to developing and maintaining ALS model for asset and liability.

QUALIFICATIONS / EXPERIENCE

  1. 3 to 5 years insurance experience in actuarial functions is preferred.
  2. Bachelor's degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major.
  3. Good progress in internationally recognized actuarial professional examinations.

KNOWLEDGE & TECHNICAL SKILLS

  1. Good Prophet modelling and coding skills.
  2. Good understanding of Actuarial valuation processes, statutory and traditional EV, knowledge on EC/RBC and IFRS17 are preferred.
Seniority level
  • Mid-Senior level
Employment type
  • Full-time
Job function
  • Analyst
  • Industries
  • Insurance
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