Actuarial, Specialist

3 weeks ago


Kuala Lumpur, Malaysia AIA Group Full time

Bring your career aspirations to life with AIAThis role supports the Appointed Actuary function within AIA General, on local RBC reporting in compliance with regulatory requirement and AIA governance, providing quantitative and analytical support of the general insurance business.
**Provide support to Appointed Actuary functions**:

- Plan and work efficiently to ensure timely completion of Appointed Actuary related tasks within AIA General, including Statutory Valuation and Financial Condition Report, in compliance with BNM and Group Office requirements.
- Ensure compliance to regular regulatory submissions, such as quarterly RBC forms and data submission requirements.
**Preparation for IFRS17**:

- Be part of the core project team to understand and implement the accounting requirements under IFRS17, providing a general insurance perspective and keeping updated with Group and Local IFRS17 initiatives.
- Keep updated with local MFRS17 regulatory requirements and implementation, as well as additional PIAM and BNM initiatives and analytics.
- Actively communicate with the team, providing periodic updates on the progress of IFRS17 related preparations and aiding the understanding of the team towards IFRS17 related issues.
**Capital Management**:

- Preparation and monitoring of CAR monthly, identifying and understanding any deviations and perform additional analysis where required.
- Conduct stress tests for local and Group Office requirements.
- Provide clear updates with insightful commentary to stakeholders on the movements of CAR and results of stress testing.
**Other**:

- Provide statistics and analytics for supported functions, such as reinsurance and investment, including the annual SAA review.
- Perform internal controls/reconciliation to ensure quality results are produced and provide explanation for any material discrepancy.
- Actively communicate with the Appointed Actuary and other internal and external parties on valuation-related matters.
- Plan and execute process improvement/enhancement where necessary to improve efficiency.

Attend to BNM/Group/Local Management/Board of Directors/Auditors requests and/or queries within agreed turnaround time.


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