Actuarial - Assistant Manager / Manager

Pacific & Orient Insurance Co. Berhad; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Pacific & Orient Insurance Co. Berhad in Malaysia seeks an experienced actuarial professional to lead reserving, produce the Financial Condition Report, and maintain IFRS 17 roll-forward analyses.

You will conduct experience studies, support ICAAP reviews and risk management exercises, and assist with annual reinsurance renewals. The role requires 3+ years in general insurance actuarial work and strong leadership.

Qualifications

• Degree in Actuarial Science, Mathematics or a related field.
• Minimum 3 years of relevant actuarial experience in general insurance.
• Experience with IFRS 17 is preferred.

Responsibilities

• Oversee annual and quarterly reserving processes.
• Prepare Financial Condition Reports and support FCR analyses.
• Maintain the IFRS 17 roll-forward analysis and enhance actuarial workflows.
• Conduct experience analyses and monitoring reports.
• Provide technical support for ICAAP reviews and stress testing.
• Support annual reinsurance renewals and advise on treaty structures.
• Lead, mentor and develop junior team members.

Skills

Leadership

Analytical

Communication

Modelling

Problem-solving

ResQ

R

Python

SQL

SAS

VBA

Education

Degree in Actuarial Science, Mathematics or relevant discipline

Tools

ResQ

R

Python

SAS

SQL

VBA

Job description

Reserving: Manage annual and quarterly reserving processes to ensure timely submission to Bank Negara Malaysia.

Financial Condition Report: Communicate with various stakeholders to gather and analyse relevant information to support the preparation of the FCR.

MFRS17: Maintain the IFRS 17 solution for roll-forward analysis and enhance actuarial workflows to support timely MFRS 17 reporting.

Experience study: Conduct experience analyses and prepare monitoring reports.

Risk Management: Provide technical support for ICAAP reviews and stress testing exercises.

Reinsurance: Provide actuarial support during annual reinsurance treaty renewals.

Lead, motivate, and develop junior team members by providing guidance, coaching, and promoting continuous learning and career development.

Undertake other ad-hoc projects and provide actuarial support as required.

Established in 1972, we are one of the leading general insurance companies in Malaysia with a wide network of branches. In line with our expansion plans, we seek highly motivated Malaysians to develop a career with us as:

Requirements

• Degree in Actuarial Science, Mathematics or relevant discipline.
• Minimum 3 years of relevant actuarial experience in a general insurance, consulting or reinsurance, preferably with experience in IFRS 17.
• Experience with ResQ and programming or analytical tools such as R, Python, VBA, SAS, or SQL will be an advantage
• Strong leadership skills with the ability to manage and develop team members.
• Strong analytical, problem-solving, modelling, and communication skills.