Actuarial Analyst

Job Summary

The Actuarial Analyst supports the actuarial team in analyzing data, developing models, and preparing reports to help the organization manage financial risk and make data-driven business decisions. This role involves applying statistical, mathematical, and financial techniques to evaluate uncertain future events, such as insurance claims, pension obligations, or investment risks.

Key Responsibilities

• Data Analysis & Modeling
• Collect, validate, and analyze large data sets to identify trends and patterns.
• Build and maintain actuarial models to forecast claims, premiums, reserves, and other financial metrics.
• Assist in pricing insurance products, pension plans, or financial instruments.
• Financial Reporting & Valuation
• Support the calculation of reserves, liabilities, and capital requirements.
• Prepare actuarial reports for management, regulators, and auditors.
• Participate in financial forecasting, budgeting, and risk assessment exercises.
• Regulatory & Compliance Support
• Ensure actuarial analyses comply with relevant laws, regulations, and professional standards.
• Assist with statutory filings and solvency monitoring (e.g., IFRS 17, Solvency II).
• Collaboration & Communication
• Work closely with underwriters, finance, data science, and product teams to inform business decisions.
• Communicate technical findings in clear, business-friendly language to non-actuarial stakeholders.
• Professional Development
• Progress toward actuarial certifications (e.g., SOA, CAS, IFoA).
• Stay up to date with actuarial methods, tools, and industry best practices.

Qualifications

• Education: Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics, or a related quantitative field.
• Experience: 0–3 years of actuarial or data analysis experience (entry-level acceptable).
• Technical Skills:
• Proficiency in Excel, SQL, and actuarial software (e.g., Prophet, MoSes, or R).
• Strong analytical and problem-solving skills.
• Familiarity with programming languages such as Python, R, or SAS preferred.
• Certifications: Progress toward actuarial exams from SOA, CAS, or equivalent body preferred.

Key Competencies

• Strong attention to detail and quantitative accuracy.
• Ability to interpret complex data and communicate insights effectively.
• Team-oriented with strong time management and organizational skills.
• Eagerness to learn and develop within a professional actuarial framework.

Job Types: Full-time, Fresh graduate

Pay: RM2, RM4,000.00 per month

Work Location: In person