Job Description

MalaysiaJob details Posted 15 August 2024 SalaryNegotiable LocationKuala Lumpur Job type Discipline Reference275296_1723721955ConsultantConsultant, Banking and Financial ServicesAssistant Manager, Actuarial - Valuation (IFRS17)Job descriptionPURPOSEAssist in generating IFRS 17 results for business units in line with Group policies and controls, and support actuarial initiatives/projects as needed by the Group Actuarial and BUs.KEY ACCOUNTABILITIESContribute to the generation of IFRS 17 results by:

• Providing support for BAU IFRS 17 CSM production runs based on Group Office requirements, ensuring timely delivery.
• Conducting consistency and completeness checks on data from BUs.
• Performing IFRS 17 model runs and validation checks to confirm data accuracy and process integrity.
• Promptly escalating issues or findings to the manager.
• Ensuring all tasks adhere to Group policies, including process documentation and controls.
• Assisting in investigating issues encountered during the runs.
• Aiding in filling out validation and result templates, forms, and reports for manager and BU review.
• Supporting ad-hoc run requests from Group Actuarial or BUs during result production.
• Assisting in data preparation and other processes related to IFRS 17 results generation as requested by BUs.
• Supporting actuarial initiatives/projects from Group Actuarial or BUs.

KEY PERFORMANCE INDICATORS

• Effectiveness, timeliness, and accuracy of operational support.
• Value added to local business units.

QUALIFICATIONS / EXPERIENCE

• Up to 3 years of experience in actuarial functions within the insurance industry.
• Bachelor\'s degree (or equivalent) in Actuarial Science or a related Mathematics/Statistics field.
• Good progress in internationally recognized actuarial professional examinations.

KNOWLEDGE & TECHNICAL SKILLS

• Proficient in Prophet modeling and coding.
• Strong Excel skills.
• Solid understanding of actuarial valuation processes and IFRS 17.
• Preferred: Good Python skills.

COMPETENCIES

• Effective team player.
• Strong analytical and problem-solving abilities.
• Good communication and interpersonal skills.
• Proficient in English, both spoken and written.

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