Appointed Actuary

20 hours ago

Kuala Lumpur, Kuala Lumpur, Malaysia Progressive Insurance Berhad Full time

Progressive Insurance Bhd (PIB) is looking for an experienced actuarial leader to provide independent oversight, uphold regulatory standards, and support sound financial and risk management decisions at the highest level.

Responsibilities:

The Appointed Actuary is a senior statutory role responsible for ensuring the robustness and compliance of PIB's actuarial functions in accordance with the Bank Negara Malaysia (BNM) regulatory requirements, actuarial standards of practice, and industry best practices. The incumbent provides independent actuarial oversight, safeguarding financial soundness, adequacy of reserves, capital levels, and overall risk management for PIB.

Qualifications:

  • Fellow of a recognised actuarial professional body (e.g., FASM, IFoA, SOA, CAS, or equivalent) and approved by Bank Negara Malaysia as an Appointed Actuary.
  • Minimum 10+ years' relevant experience in the General Insurance actuarial function, including reserving, capital modelling, and regulatory reporting.
  • Deep understanding of Malaysian insurance regulatory frameworks, actuarial methodologies, risk-based capital frameworks, and financial condition reporting.
  • Strong actuarial modelling and statistical analysis capabilities.
  • Excellent judgment, strategic thinking and communication skills with Board-level exposure.

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