Actuarial Assistant Manager

Kuala Lumpur, Kuala Lumpur, Malaysia
MYR 7,000
Accounting and Finance

Executive recruitment firm, Monroe Consulting Group Malaysia’s Professional Division is recruiting on behalf of an insurance company who's core business model covers a wide range of insurance products which cater to the needs of customers in Malaysia. Our respected client is seeking a dedicated professional with a strong underwriting background for the position of Assistant Manager – Actuarial (IFRS 17). This job is based in Kuala Lumpur. 

The successful candidate will be mainly responsible for assisting the Head of Actuarial in achieving long term financial soundness through robust reserve management, reviewing financial projections on top of ensuring conformance to the Central Bank’s and company’s requirements. 

Job responsibilities:

  • Maintain and develop process of actuarial valuation that meets the Central Bank’s and Group’s guidelines
  • Ensure that adequate controls are in place through periodic validation of methodology, data points, process and output for actuarial reserve and valuation in line with guidelines
  • Work closely with external consultants and internal Project Team to set up tools and processes that perform IFRS 17 reporting
  • Assist the Head of Actuarial in developing the framework to perform actuarial pricing and product review
  • Assist in validating and reviewing business plans of existing operations from an actuarial perspective including loss ratios selection and reinsurance optimization etc.
  • Assist in completing the Financial Condition Report in a timely manner
  • Conduct ad-hoc investigations and analyses (e.g. reinsurance treaty renewal) as required by the Management 

Job requirements: 

  • Degree in quantitative discipline such as Actuarial, Finance, Economics, Statistics, Insurance, Risk Management etc.
  • Member of an Actuarial Institute or Society with good progress in passing Actuarial Professional Examinations
  • At least 3-5 years of actuarial working experience
  • Understand local general insurance markets and Central Bank’s requirement
  • Understood and participated in IFRS17 implementation project
  • Good knowledge of valuation and pricing for general insurance liabilities
  • Strong analytical and problem-solving ability
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