Actuarial Executive

Sun Life Malaysia Assurance Berhad; Kuala Lumpur; On-site; MYR 67,000 - 100,000; Full time

Benefits offered by this job

Medical

Dental

Birthday Leave

Public Holiday Replacement Leave

Job summary

Sun Life Malaysia Assurance Berhad is seeking an actuarial analyst to support IFRS17 monthly reporting, data preparation, and reserve analysis. The role involves ensuring accurate documentation, preparing financial statements under IFRS17, and coordinating with auditors to maintain compliance.

The ideal candidate has 1 year of actuarial experience, familiarity with Prophet, and strong Excel/VBA skills. Opportunity to contribute to model enhancements and automation within a dynamic team.

Qualifications

• Degree in Actuarial Science or similar; passing of preliminary actuarial examinations.
• 1 year of work experience in Actuarial, preferably with Prophet modeling experience.
• Competent use of tools such as spreadsheets, Prophet valuation software, generative AI.
• Knowledge of actuarial principles, spreadsheet management, data extraction programming, Prophet actuarial software, and Visual Basic for Excel.

Responsibilities

• Prepare IFRS17 monthly reporting for data preparation and reserve analysis.
• Document IFRS17 reporting process SOP and ensure timely delivery.
• Prepare financial statements under IFRS17 basis and liaise with auditors.

Skills

Generative AI

Spreadsheets

Data extraction programming

Education

Degree in Actuarial Science

Passing preliminary actuarial examinations

Tools

Prophet valuation software

Visual Basic for Excel

Job description

To prepare and ensure timely delivery and accuracy of monthly IFRS17 reporting for data preparation and reserve analysis.

To ensure proper documentation of IFRS17 reporting process SOP.

To prepare the financial statement under IFRS17 basis.

To work closely with auditor to ensure our IFRS17 position is compliance to standard.

To liaise with project team, Finance and IT department to ensure that IFRS17 requirements are well-integrated into overall system design

To develop the model validation requirement for IFRS17 and share with modelling team.

To validate on the consolidation of non-modelled products in reporting process.

To enhance the actuarial IFRS17 reporting process to meet t + 5 timeline.

To assist in building reporting template under IFRS17 standards and ensure that the process is ready to meet RO submission requirement

To work on end-to-end process UAT testing if there is change in system design.

To support the maintenance and testing of Prophet actuarial models.

To assist in model enhancements, new product implementation, and documentation.

To perform model validations and reconciliations to ensure reporting accuracy.

To contribute to process improvement and automation initiatives to enhance model efficiency.

Annual Experience Study

To conduct the company’s annual experience studies to access the reasonableness of the current assumption and to revise the assumptions whenever deemed necessary.

To ensure compliance to regulatory regulations, rules and guidelines on work being performed and any regulatory submission.

Requirements

• Degree in Actuarial Science or similar; passing of preliminary actuarial examinations.
• 1 year of work experience in Actuarial, preferably with Prophet modeling experience.
• Competent use of tools such as spreadsheets, Prophet valuation software, generative AI.
• Knowledge of actuarial principles, spreadsheet management, data extraction programming, Prophet actuarial software, and Visual Basic for Excel.

Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad is a joint venture by Sun Life Assurance Company of Canada and Khazanah Nasional Berhad.

As a life insurance and Family Takaful provider, Sun Life Malaysia offers a comprehensive range of products and services to Malaysians across the country.

At Sun Life, we cultivate a High-Performance, Caring Culture that empowers our people to achieve outstanding results, embrace continuous growth, and create meaningful impact. We succeed together by fostering an inclusive environment where wellbeing, collaboration, and accountability are equally valued.

Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad is a joint venture by Sun Life Assurance Company of Canada and Khazanah Nasional Berhad.

As a life insurance and Family Takaful provider, Sun Life Malaysia offers a comprehensive range of products and services to Malaysians across the country.

At Sun Life, we cultivate a High-Performance, Caring Culture that empowers our people to achieve outstanding results, embrace continuous growth, and create meaningful impact. We succeed together by fostering an inclusive environment where wellbeing, collaboration, and accountability are equally valued.

Perks and benefits Medical Dental Birthday Leave, Public Holiday Replacement Leave &