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Professional Associate (Actuarial - Valuation)

Job Posted at: 2019-04-04 00:06:00

Location

WP - Kuala Lumpur

Deadline

2019-04-30 00:06:00

Full Time

Description

Job Scope

PRINCIPAL DUTIES & RESPONSIBILITIES: (key accountabilities)

  1. Conduct actuarial experience studies. Ensure the numerical accuracy of these studies and assist in the preparation of documentation for experience studies.
  2. Set up and run Prophet model office. Require to compile results and provide supporting analyses as well ensuring proper documentation of model office procedures.
  3. Assist to verify the accuracy of annual bonuses for the purposes of Annual Statement as part of the Project Team. This task will require Actuarial Professional to check specific cases where applied bonus does not agree with calculated bonus.
  4. Perform actuarial valuation and other Prophet financial calculation runs as required by Assistant Manager. Ensure data is reconciled and accurate for the purposes of financial report production. Conduct reasonableness checks and analyses on results.
  5. Assist in preparation and ensure accuracy of statutory returns to Bank Negara Malaysia (annual reinsurance returns, annual valuation report and monthly statistical reports) and other reports to Life Insurance Association of Malaysia . Accurate and timely production of required returns.
  6. Preparation of all reinsurance reports, including annual NS5A to BNM and quarterly reinsurance bordereaux. Preparation of monthly reinsurance provision calculation process, reinsurance provisions to Finance, including ensuring accurate quarterly payment to reinsurers .Accurate and timely production of required reports.
  7. Provision of general actuarial support to other departments as necessary. Correct and timely provision of actuarial advice.

JOB SPECIFICATION (requirements):

  • Degree in Actuarial Science.
  • Actively pursuing professional actuarial examinations.
  • A numerate and analytical mind.
  • Proficiency with programming tools (e.g. Visual Basic).
  • Practical knowledge in Prophet (preferred) or other projection software would be preferred but training will be provided otherwise.
  • Must be meticulous with the ability to work under pressure.
  • Must be self-motivated with the ability to work under minimum supervision.

Job Requirements

Minimum Education

Bachelor's Degree

Field of Study

Actuarial Science

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