Job Description

Job SummaryActs under direct supervision, performing actuarial duties in order to provide highly accurate data and analyses for use by more senior actuaries in relation to reserving, reporting, quantitative risk management or the pricing of business.Purpose

• Performing analytical and actuarial pricing duties in order to provide strong data governance and highly accurate data and analyses for use by more senior pricing actuaries in relation to reserving, reporting, quantitative risk management or the pricing of business.
• Advise on the pricing and design of new products (covering technical and market-based pricing), with a focus on protection products.
• Solves business challenges with statistical and predictive modeling techniques such as Exposure Curves, GLMs, machine learning, decision trees, probability networks, association rules, clustering, regression, and neural networks and their application to business decisions.

Key Accountabilities

• Data Management and Analysis:

• Perform statistical analysis and data manipulation to build and maintain pricing models.
• Ensure data quality and integrity through reconciliation, risk factor updates, and database maintenance.
• Support data preparation for model development and refinement.
• Model Development and Validation:

• Develop and maintain pricing models, ensuring accuracy and reliability.
• Evaluate model performance through sensitivity analysis and other validation techniques.
• Conduct research to improve model methodology and incorporate external data.
• Financial Analysis and Reporting:

• Prepare financial and statistical reports for internal and external stakeholders.
• Monitor portfolio performance and identify trends.
• Product Development:

• Support new product development and repricing initiatives, focusing on protection products.
• Conduct market analysis and competitor benchmarking.
• Develop pricing strategies and perform profit testing.
• Collaboration and Communication:

• Effectively communicate technical information to both technical and non-technical audiences.
• Collaborate with cross-functional teams to achieve business objectives.
• Contribute to a positive and collaborative work environment.

Performance Management Accountabilities

• Demonstrate commitment to corporate values.
• Take accountability for participating in the performance management cycle.
• Take action to improve performance on the job.
• Provide input into performance management discussions of project team members.
• Educate team members and business partners on area of technical expertise.
• Assist and support co-workers.
• Take action to manage own personal development and encourage others to do the same.

Skills

• Having strong language proficiency (listening, speaking and writing) in Malay and English
• Critical Thinking - Proficiency Level Intermediate
• Problem Solving - Proficiency Level Intermediate
• Statistical Concepts - Proficiency Level Intermediate
• Actuarial Pricing Concepts - Proficiency Level Basic
• Actuarial Reserving Concepts - Proficiency Level Basic
• Financial Mathematics - Proficiency Level Basic
• Probability - Proficiency Level Basic
• Effective Communication - Proficiency Level Basic
• Stakeholder Management - Proficiency Level Basic
• Relationship Management - Proficiency Level Basic
• Data Tools and Management Literacy - Proficiency Level Intermediate

Education and Experience

• Bachelors degree in Actuarial Science, Data Analytics, Mathematics, Statistic, or equivalent at minimum.
• Fresh graduates are welcomed to apply
• Not Required but having these skillsets will better facilitate your transition into this role.

• Having at least one year experience in actuarial, pricing or data science related field;
• Having experience in working with programming statistical tools such as MS Excel-VBA, Power BI, SAS, SQL, R, Python, Emblem, Radar or Prophet
• Pursuing professional actuarial qualification (UK,US or Australia)

Disclaimer and CaveatThis job profile is not designed to cover or contain a comprehensive list of all duties, responsibilities and activities that may be required in this job. Further, duties, responsibilities and activities may change from time to time due to business needs of the Company. This job profile is a guideline only and does not establish any type of guarantee as to duties, responsibilities and activities and, in Malaysia, it does not alter the at-will employment status of your employment.You are the heart & soul of Zurich!At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right?We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step.Let\'s continue to grow together!

• Location(s): MY - Kuala Lumpur
• Remote working:
• Schedule: Full Time
• Recruiter name: Tarenjit Kaur
• Closing date:

Zurich