Actuarial Senior Analyst - VSSC

Manulife Insurance Malaysia; Jakarta Pusat; Hybrid; IDR 1,580,334,000 - 2,107,112,000; Full time

Job summary

Manulife Financial Corporation is seeking an actuarial professional to support production for IFRS17 and local reporting, performing model runs and result validation to ensure accurate deliverables. You will collaborate with Pricing and Valuation teams, assist in new product implementations, and contribute to testing, documentation, and governance of model changes.

The role requires a minimum of three years in actuarial work, strong Excel and communication skills, and fluency in English, with a

Qualifications

• Bachelor’s degree; math/statistics/actuarial background preferred.
• Minimum 3 years actuarial experience.
• In progress to fellow of an actuarial organization (e.g. PAI, SOA, IAAust, IA).
• Strong analytical and problem‑solving skills.
• Advanced Microsoft Excel skills.
• Good understanding of actuarial valuation principles and insurance products.
• Excellent written and verbal English communication.

Responsibilities

• Support IFRS17 valuation production and local reporting; run models and validate results.
• Perform reconciliations, controls, and issue investigations to ensure timely reporting.
• Assist with quarterly and annual actuarial deliverables and analyses.
• Support new product implementations into the valuation system and validate modelling.
• Collaborate with Pricing and Valuation teams on product specifications.
• Maintain documentation for product implementation, models, and changes.
• Participate in Model Change Management governance and testing.
• Support UAT for valuation system enhancements and process improvements.
• Coordinate with IT, vendors, and stakeholders on defect resolution.

Skills

Actuarial knowledge

Excel advanced

Analytical skills

English fluency

Communication

Team collaboration

Education

Bachelor's degree in math/statistics/actuarial

Actuarial fellow in progress

Tools

SQL

Power BI

Python

Actuarial software

Job description

Position Responsibilities

Valuation Production Support Support the actuarial production process for IFRS17 and local reporting basis. Perform model runs, result validation, reconciliations, and production controls to ensure accurate and timely reporting deliverables. Investigate model or production issues and support timely resolution of identified findings. Support quarterly and annual actuarial reporting deliverables by providing model outputs and analysis. New Product Implementation Support implementation of new products into the actuarial valuation system and ensure compliance with reporting requirements. Perform testing and validation of new product modelling prior to production deployment. Work closely with Pricing, and Valuation teams to understand product specifications and modelling requirements. Assist in maintaining documentation related to product implementation and model configuration. Model Change Management (MCM) Support the implementation and governance of model changes in accordance with Model Change Management requirements. Prepare testing, validation, and impact analysis for model enhancements and assumption changes. Maintain model change documentation, evidence, and approval records. Participate in model governance activities and support audit and review requests. System Enhancement & UAT Support User Acceptance Testing (UAT) for valuation system enhancements and process improvements. Develop test scenarios, execute test cases, and document testing results. Coordinate with IT, system vendors, VSSC, and business stakeholders on defect resolution and implementation activities. Valuation Modelling Projects Support actuarial modelling initiatives including: Reinsurance treaty modelling. IFRS17 basis changes. Regional and Group-driven projects. Valuation system enhancement initiatives.

Required Qualifications

Minimum bachelor’s degree, math/statistics/actuarial background is preferable, with minimum 3 years experiences in actuarial field In progress to be qualified as fellow of an actuarial organization (e.g. PAI, SOA, IAAust, IA) Strong analytical and problem-solving skills Advanced Microsoft Excel skills Good understanding of actuarial valuation principles and insurance products Demonstrate a good communication with other team Fluent in English

Preferred Qualifications

Experience with actuarial modelling software such as AXIS, Prophet, MG-ALFA, or similar is preferred. Experience with SQL, Power BI, Python, or other analytical tools is an advantage.

When you join our team

We’ll empower you to learn and grow the career you want. We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words. As part of our global team, we’ll support you in shaping the future you want to see.

About Manulife and John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html. Manulife is an Equal Opportunity Employer At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law. It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies.

Working Arrangement

Hybrid

We’re proud of our accomplishments and recognitions

Recent awards include: 2024 Gallup Exceptional Workplace Award Winner Manulife Named one of Forbes World’s Best Employers 2023 Best Companies to Work for in Asia 2023 We’ve been recognized as one of Canada’s Top 100 Employers (2024) Manulife included in Bloomberg’s 2023 Gender-Equality Index

Our ambition

Our ambition is to be the most digital, customer-centric global company in our industry. Learn more at https://www.manulife.com/.