Manager/ Senior Actuarial Analyst

6 hours ago


Greater Kuala Lumpur, Malaysia Labuan Reinsurance (L) Ltd - Official Page Full time 120,000 - 180,000 per year

Job Description

Reserving

  • Data preparation for actuarial reserves modelling
  • Perform initial selection of IBNR
  • Set initial assumptions for modelling, for example risk margins, expense load and large loss
  • Draft the actuarial report and prepare the relevant presentation deck
  • Review and improve the data extraction, transformation and load (ETL) process

Capital Management

  • Compute the internal, regulatory, and rating agency adequacy ratio
  • Update the relevant reports, presentation deck and other materials

Asset-Liability Management

  • Produce the liability profile for the investment department to match its assets profile
  • Update the relevant reports, presentation deck and other materials

Department administration

  • Assist the Head of Department in minor day-to-day administration of the department, such as task tracking, dissemination of ERM memo, etc.

Job Requirements

Experience

  • Bachelor's degree in Actuarial Science
  • Currently pursuing professional Associate Actuarial qualification with at least 75% on completion.
  • Relevant 5 years work experience
    is required in the General Insurance industry in Reserving/ Capital

Knowledge/ Skills

  • Describe, analyse, and validate the information requirements for estimating unpaid claims
  • Build and analyse claim development triangles
  • Construct and appraise unpaid claims estimates using basic techniques
  • Assess the influence of operating changes on the estimation of unpaid claims
  • Adjust data and/or estimation techniques for changes in internal and external environment
  • Estimate recoveries
  • Estimate unpaid claim adjustment expenses
  • Appraise and validate the results of the estimation process for adequacy and reasonableness
  • Simple data extraction, transformation, and load (ETL)


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