Job Description

Job Summary

Acts in an actuarial capacity while in pursuit of an actuarial qualification, performing duties which are of a mathematical and/or financial nature, in order to provide highly accurate data and analyses for use by Actuaries in the evaluation of reserves, financial reporting or the pricing of business.

Job Qualifications

Required:

• Zurich Certified Insurance Apprentice, including Associate Degree and 2 or more years technical/insurance experience

OR

• Bachelors Degree with 3.0 cumulative GPA and No prior experience required in the Actuarial area
• Successful completion of one or more actuarial exams

Job Accountabilities - Key Accountabilities

• Calculates actuarial best estimate reserves (loss and premium), planning, and profitability analyses for defined segments of insurance business.
• Performs research, loss emergence studies, and other statistical analyses.
• Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
• Calculates pricing or rate indications for new/renewal business, and assist in price monitoring, planning, and profitability analyses for defined segments of insurance business.
• Performs research, experience studies and other statistical analysis.
• Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.
• Tests and maintains pricing models and tools.
• Performs experience investigations and data validation.
• Establishes and runs actuarial cash flow models for use in actuarial reporting.
• Provide support for calculation of statutory reserves and financial valuations.
• Provides product development and pricing support.
• Executes and tests pricing models.

Business Accountabilities

• Provide basic actuarial services in order to fulfill routine business requirements.
• Performs statistical analysis, model and analyze data and develop models/programs for model building and analyses; interpret results of models and analyses.
• Compile and categorize data, documents and verify factors and assumptions used in computations to ensure robust output.
• Develops risk based capital models as well as parameterization and allocation activities to support actuarial services.
• Participate in the evaluation and review of new/proposed processes and systems, where analysis is conducted to support the implementation of upgraded systems.
• Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to build value-adding, relevant technical knowledge.
• Work with actuarial colleagues in becoming familiar with company operations, business objectives and actuarial methodologies in order to be able to provide analytical support across an increasing breadth of scenarios.
• Actively pursue local actuarial qualification and demonstrate consistent progress towards designation in order to maintain the talent pipeline for Actuarial.

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: Marina Destiana
• Closing date:

Zurich