Job Description

About FWD GroupFWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD\xe2\x80\x99s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.For more information, please visitAbout FWD Takaful BerhadFWD Takaful Berhad (\xe2\x80\x9cFWD Takaful\xe2\x80\x9d) is a takaful provider in Malaysia that offers family takaful services. FWD Takaful is licensed under the Islamic Financial Services Act 2013 and is regulated by Bank Negara Malaysia. FWD Takaful is a takaful business unit of FWD Group.VisitJoin usWe\xe2\x80\x99re proud to be a company that encourages and nurtures fearless innovation in achieving our vision of changing the way people feel about takaful. Our teams come from a wide variety of industries and backgrounds because we value developing a truly diverse pool of talent that brings different perspectives and experiences. Our values \xe2\x80\x93 committed, innovative, proactive, open, and caring \xe2\x80\x93 define who we are and what we do as we work together to bring our vision to life, every single day.

• Prepare and analyse actuarial financial reporting in relation to regulatory, management and retakaful
• Ensuring company solvency position remain healthy while optimising profitability and capital efficiency
• Review and coordinate the retakaful arrangement and ensure all retakaful treaty / addendum are signed on time
• Determine the surplus distributable for the financial year
• Act as an actuarial model coordinator between end users and FWD TIM
• Lead and manage projects where relevant
• Assist the Appointed Actuary (AA) in preparing the Financial Condition Report
• Prepare the experience studies and propose appropriate assumptions to be used for valuation / pricing purposes.
• Review and perform UAT for actuarial model enhancements and ensure proper documentation in compliance with guidelines and policies.
• Ensure all actuarial related internal and groupwide policies / framework, regulatory guidelines are implemented effectively
• Provide technical actuarial support to various functions where required
• Develop, motivate and mentor the team members and prepare them for greater job responsibility

• Prepare and analyse actuarial financial reporting in relation to regulatory, management and retakaful
• Ensuring company solvency position remain healthy while optimising profitability and capital efficiency
• Review and coordinate the retakaful arrangement and ensure all retakaful treaty / addendum are signed on time
• Determine the surplus distributable for the financial year
• Act as an actuarial model coordinator between end users and FWD TIM
• Lead and manage projects where relevant
• Assist the Appointed Actuary (AA) in preparing the Financial Condition Report
• Prepare the experience studies and propose appropriate assumptions to be used for valuation / pricing purposes.
• Review and perform UAT for actuarial model enhancements and ensure proper documentation in compliance with guidelines and policies.
• Ensure all actuarial related internal and groupwide policies / framework, regulatory guidelines are implemented effectively
• Provide technical actuarial support to various functions where required
• Develop, motivate and mentor the team members and prepare them for greater job responsibility

• Accurately determine the statutory reserve, capital level and sensitivities for regulatory, management reporting within agreed timeline
• Prepare information in relation to capital monitoring such as but not limited to stress test and scenario test
• Prepare local solvency reporting for management and group which include base and all sensitivity test
• Provide support for Internal Capital Adequacy Assessment Process (ICAAP) with focus on ITCL and TCAR determination and stress scenario determination
• Accurately determine the retakaful contribution and recoveries and prepare Bordereaux within agreed timeline.
• Review and coordinate the retakaful treaty for new and inforce treaties while ensuring it comply with internal policies.
• Ensure the surplus distributable are computed in accordance with internal policy and accurately.
• Being the main coordinator between local and TIM office for all Prophet modelling developments including modelling of new products, model enhancements, UAT and Documentation sign-off
• Perform experience studies (including detail monitoring) and highlight any trends observed to management.
• Ensure all group policies are localised and implemented effectively in daily tasks
• Lead and manage projects assigned and ensure projects are running on track and complete on scheduled with high quality
• Develop and maintain a highly motivated team while provide support and guidance to ensure their career development and progress.

• Quality and timeliness of delivery for all reports / results
• Successfully implemented all regulatory requirements including new regulatory development as well as group policies
• Effective controls and checks are implemented
• Models developed by FWD TIM is in compliance with modelling framework and well documented

• Country functional heads
• FWD TIM Malaysia
• Group Actuarial / Group Finance / Risk
• Bank Negara Malaysia (BNM)
• Internal/External Auditors/Reviewers
• Retakaful Operators

• Minimum 6 years of working experience in actuarial field
• At least a Bachelor\'s Degree in Actuarial Science or Mathematics
• Good progress with examinations from Recognised International Actuarial Bodies (e.g. IFOA, SOA, IOAA)

• Proficiency in Excel and Prophet
• Sound technical knowledge in actuarial valuation
• Highly analytical and inquisitive with attention to details
• Able to work well in a team and also deliver as an individual contributor
• Results driven and adaptable with good interpersonal and strong written and communication skill

FWD Group