Executive, Actuarial

1 week ago

Kuala Lumpur Centre Kuala Lumpur, Malaysia MSIG Insurance (Malaysia) Bhd Full time

Job Description:

Assist the Appointed Actuary with statutory actuarial work and IFRS 17 reporting. Ensure compliance with regulations, actuarial standards, and company policies. Provide actuarial support and insights to help management make informed decisions and manage risks effectively.

Key Responsibilities:

1)    Reserve Valuation

Assist in preparing the Report on Reserves for General Insurance business.

Assist in performing analysis on the RBC quarterly and year-end insurance liabilities provision.

Assist in the communication of results of the reserve review to the Reserve Committee and Board of Directors.

2)    Financial Condition Report (FCR)

Assist in the comprehensive assessment of the company's financial condition, including but not limited to experience analysis, product pricing, capital adequacy, asset liability management, and reinsurance arrangement on an annual basis.

Assist in the communication of key findings and recommendations of the annual FCR to the various stakeholders and follow through with implementations where necessary.

3)    Finance and Accounting Support

Assist in conducting detailed expense allocation for the various business units, classes and distribution channels for profitability and pricing analysis and maintain expense allocation structure on an ongoing basis.

Assist in the preparation of actuarial disclosures in line with IFRS requirements.

Provide support on business planning, investments and other ad-hoc analysis as required.

4)    Appointed Actuary Assessments

Assist in conducting independent review of pricing in line with regulatory requirements.

Assist in conducting solvency projection on an annual basis.

Assist in providing recommendations on the company's asset and liability management.

Assist in reviewing and providing recommendations on the company's reinsurance arrangements.

5)    IFRS17 Reporting

Assist in database management and actuarial modelling.

Assist in regular IFRS17 reporting and analysis.

6)    Any other task / project as assigned by the superior.

Requirements/Skills:

  • A degree in actuarial science or related field.
  • Good exam progression with either Casualty Actuarial Society (USA) / Institute of Actuaries (UK) / Institute of Actuaries of Australia (Australia).
  • Analytical with good problem solving skills.
  • Strong attention to details.
  • Willingness and quick to learn new ideas, skills and knowledge.
  • Good communication skills - written and spoken.
  • Good interpersonal skills.
  • Demonstration of basic planning and organization skills.
  • Able to work independently and as a team.
  • Pro-activeness in job responsibilities.
  • Proficient in MS Office applications.
  • Stakeholder(s) focused.

Benefits:

  • Medical, Education Support, Dental Vision, Insurance Coverage, Car and Housing Loan Interest Subsidy, Hybrid Workplace (depends to nature of role), Birthday Leave, Long Service Award, Company Annual Dinner, Sport Club.

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