Actuarial, Specialist

AIA Hong Kong; Kuala Lumpur; On-site; MYR 125,000 - 175,000; Full time

Job summary

A leading insurance company in Kuala Lumpur is seeking an Actuary to provide quantitative support for Risk-Based Capital (RBC) reports and ensure compliance with regulatory standards. The ideal candidate will have at least 7 years of actuarial valuation experience, a strong background in Actuarial Science, Mathematics or Statistics, and proficiency in data analysis tools such as SAS and SQL. The role requires excellent analytical and communication skills, as well as a proactive approach to problem-solving.

Qualifications

• Minimum 7 years of actuarial experience (Valuation), preferably within the General Insurance industry.
• Solid progress in professional actuarial examinations (e.g., SOA, IFoA, or equivalent).
• Excellent technical and analytical skills, with the ability to interpret complex data.

Responsibilities

• Provide quantitative and analytical support to the Appointed Actuary in preparing local Risk-Based Capital (RBC) reports.
• Monitor Capital Adequacy Ratio (CAR) monthly and conduct stress tests.
• Actively communicate with stakeholders on valuation-related matters.

Skills

Actuarial Science

Mathematics

Statistics

Microsoft Office

SAS

SQL

R

VBA

Analytical skills

Communication skills

Education

Bachelor’s degree in Actuarial Science, Mathematics, Statistics or related discipline

Tools

Microsoft Excel

Job description

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in‑force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on.

About the Role

This role provides quantitative and analytical support to the Appointed Actuary in preparing local Risk‑Based Capital (RBC) reports, ensuring compliance with regulatory requirements and alignment with AIA’s governance standards.

General Insurance Valuation

• Plan and work efficiently to ensure timely completion of Appointed Actuary related tasks, including Statutory Valuation and Financial Condition Report, in compliance with BNM and Group Office requirements, as well as MFRS17 requirements.
• Ensure compliance to regular regulatory submissions, such as quarterly RBC forms and data submission requirements.
• Perform additional analysis on the reasonableness of results, investigate trends and significant movements, and provide meaningful insights to key stakeholders on the work performed.

Capital Management

• Monitor Capital Adequacy Ratio (CAR) monthly, identifying and understanding any deviations and performing additional analysis where required.
• Conduct stress tests for local and Group Office requirements.
• Provide clear updates with insightful commentary to stakeholders on the movements of CAR and results of stress testing.
• Perform capital projections for ad‑hoc analyses and strategic purposes for key stakeholders.

Actuarial Operations & Stakeholder Engagement

• Provide statistics and analytics for supported functions, such as reinsurance and investment, including the annual Strategic Asset Allocation (SAA) review.
• Perform internal controls/reconciliation to ensure quality results are produced and provide explanation for any material discrepancy.
• Actively communicate with the Appointed Actuary and other internal and external parties on valuation‑related matters.
• Plan and execute process improvement/enhancement where necessary to improve efficiency.
• Attend to BNM/ Group/ Local Management/ Board of Directors/ Auditors requests and/or queries within agreed turnaround time.

Job Requirements:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
• Minimum 7 years of actuarial experience (Valuation), preferably within the General Insurance industry.
• Solid progress in professional actuarial examinations (e.g., SOA, IFoA, or equivalent).
• Strong proficiency in Microsoft Office, particularly Excel.
• Experience with programming or data analysis tools such as SAS, SQL, R, VBA, or similar is preferred.
• Excellent technical and analytical skills, with the ability to interpret complex data and develop sound actuarial insights.
• Strong verbal and written communication skills, with the ability to present findings clearly to both technical and non‑technical stakeholders.
• Self‑motivated, results‑oriented, and solution‑focused, with a proactive approach to problem‑solving.

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

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