Actuarial Professional

5 months ago

Kuala Lumpur, Malaysia Prudential plc Full time

Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

JOB SCOPE: (role purpose)

Actuarial knowledge and skills are necessary in various aspects of insurance business, e.g. product design and pricing, analysis of the company’s claims, persistency and expense experience, arrangement of reinsurance, calculation of reserves and profit reporting under various regulatory bases.

PRINCIPAL DUTIES & RESPONSIBILITIES:

- Conduct actuarial experience studies. Ensure the numerical accuracy of these studies. Assist in the preparation of documentation for experience studies. Accurate and timely production of experience study results.
- Set up and run Prophet model office. Compile results and provide supporting analyses. Ensure proper documentation of model office procedures. Correct and timely production of financial results from Prophet. Proper documentation of work.
- Assist to verify the accuracy of annual bonuses for the purposes of Annual Statement as part of the Project Team. This task will require Actuarial Professional to check specific cases where applied bonus does not agree with calculated bonus. Correct and timely resolution of differences between applied bonuses and calculated bonuses.
- Perform actuarial valuation and other Prophet financial calculation runs as required by Assistant Manager. Ensure data is reconciled and accurate for the purposes of financial report production. Conduct reasonableness checks and analyses on results. Accurate and timely production of financial calculations.
- Assist Assistant Manager in product pricing, carrying out analyses as required for this purpose. Compile Actuarial Certificate and Product Approval Specifications for filing with Bank Negara Malaysia and PCA respectively. Preparation of formula specs, test cases and assist in UAT/RT for open system and SQS development. Correct and timely pricing of product. Complete, accurate and timely compilation of required documents.
- Assist in preparation and ensure accuracy of statutory returns to Bank Negara Malaysia (annual reinsurance returns, annual valuation report and monthly statistical reports) and other reports to Life Insurance Association of Malaysia. Accurate and timely production of required returns.
- Preparation of all reinsurance reports, including annual NS5A to BNM and quarterly reinsurance bordereaux. Preparation of monthly reinsurance provision calculation process, reinsurance provisions to Finance, including ensuring accurate quarterly payment to reinsurers. Accurate and timely production of required reports.
- Manage and maintain Prophet, including ensuring all required procedures and documentation are completed whenever any changes/updates/revisions are made to the model office. Proper management of Prophet as evidenced by complete documentation.
- Provision of general actuarial support to other departments as necessary. Correct and timely provision of actuarial advice.

JOB SPECIFICATION:
Qualifications:

- Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline.
- Actively pursuing professional actuarial examinations

**Experience**:

- A numerate and analytical mind.
- Proficiency with programming tools (e.g. Visual Basic)

Knowledge:

- Practical knowledge in Prophet (preferred) or other projection software would be preferred but training will be provided otherwise.
- Must be meticulous with the ability to work under pressure.
- Must be self-motivated with the ability to work under minimum supervision

  • Actuarial Professional

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Actuarial Professional Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the...

  • Actuarial Professional

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Actuarial Professional

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Actuarial Professional Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the...

  • Actuarial Professional

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Actuarial Professional Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the...

  • Actuarial Professional

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Actuarial Professional

    7 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Actuarial Professional

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career...

  • Actuarial Professional

    5 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Actuarial Professional

    6 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career...

  • Executive, Actuarial Professional

    2 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Actuarial Expert Professional

    1 day ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Sinergia Talents Sdn Bhd Full time

    About Us Sinergia Talents Sdn Bhd is a leading actuarial services provider that values innovation and collaboration. Job Title: Actuarial Assistant Manager We are seeking an experienced Actuarial Assistant Manager to join our team in Kuala Lumpur. This is an exciting opportunity for individuals who want to take their career to the next level. Estimated...

  • Senior Actuarial Professional

    6 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our...

  • Actuarial Professional

    2 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Executive, Actuarial Professional

    2 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support...

  • Pamb Executive, Actuarial Professional

    3 months ago

    Kuala Lumpur, Malaysia Prudential plc Full time

    PAMB | Executive, Actuarial Professional Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an...

  • Manager, Actuarial

    1 month ago

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

    **Actuarial Manager Role** Seeking an experienced professional to coordinate and manage actuarial assignments, particularly in IFRS 17 reporting, with a focus on group-level collaboration and support. **Job Description** As a key member of our team, you will be responsible for: * Developing and maintaining IFRS 17 model architecture across all GI...

  • Actuary P&C

    4 weeks ago

    Kuala Lumpur, Kuala Lumpur, Malaysia Hannover Re Full time

    We are seeking an experienced Property & Casualty Actuary to support our Risk & Actuarial team. As a key member, you will focus on Property & Casualty valuation and projects, ensuring timely deliverables and regulatory compliance.The ideal candidate will have a minimum of 5 years of professional actuarial experience in the insurance or reinsurance sector,...

  • Manager, Actuarial

    4 weeks ago

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

    Job Summary: We are seeking an experienced Manager, Actuarial to coordinate and manage actuarial assignments that require group-level collaboration and support, particularly in the area of IFRS 17 reporting.As a champion of Integrity, Initiative, and Involvement, our core values guide us in making life great for our customers. We are committed to Equal...

  • Pricing Actuary

    5 months ago

    Kuala Lumpur, Malaysia Career Channel Executive Search Full time

    Job Summary: The Pricing Actuary role is to perform and manage the actuarial roles related to underwriting department which includes: Pricing, CAT modeling, Portfolio Analysis, Business Plan and Underwriting Analytics. **Responsibilities** 1. Participates in cross-functional teams to develop new and/or enhanced systems/processes/programs/policies to...

  • Actuarial, Analyst

    7 months ago

    Kuala Lumpur, Malaysia AIA Full time

    At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone. - It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our...