Assistant Manager, Actuarial

Credit Guarantee Corporation Malaysia Berhad; Petaling Jaya; On-site; MYR 180,000 - 240,000; Full time

Job summary

Credit Guarantee Corporation Malaysia Berhad (CGC) seeks experienced professionals to evaluate pricing assumptions, models, and product features for new proposals while assisting in stress testing and capital management activities. The role involves reviewing profitability, claims experience, and portfolio mix to inform pricing recommendations and enhance product performance.

You will contribute to scenario development, governance, and reporting, and support actuarial analytics, including

Qualifications

• Excellent communication and report writing skills.
• Able to present reports to Management and Board.
• Team player and able to work under stress.

Responsibilities

• Evaluate pricing assumptions, models, and product features for new proposals.
• Review product profitability, claims experience, and portfolio mix to inform pricing recommendations.
• Maintain and enhance the stress testing framework, including methodology and governance.
• Support enterprise-wide stress testing across market, credit, capital, and operational risks.
• Contribute to scenario development using macroeconomic indicators.
• Assist in updating stress testing assumptions and models to ensure relevance.

Skills

Communication

Report writing

Teamwork

Stress tolerance

Education

Bachelor/Master/Professional degree in Stats/Actuarial

Tools

SAS

Python

Job description

Evaluate pricing assumptions, models, and product features for new product proposals.

Assist in reviewing product profitability, claims experience, and portfolio mix to inform pricing recommendations and enhance product performance.

Stress Testing

Assist in maintaining and enhancing the stress testing framework, including methodology, documentation, and governance.

Support enterprise-wide stress testing across market, credit, capital, and operational risks.

Contribute to scenario development using macroeconomic and financial indicators.

Support periodic reviews and updates of stress testing assumptions and models to ensure relevance and accuracy.

Capital Management

Assist in analysing capital adequacy and identifying mitigation actions.

Support reporting of capital-related risks to Asset Liability Committee Meeting (ALCO).

Actuarial and Risk Analytics

Conduct experience studies, claims ratio analysis, and trend monitoring to inform pricing, underwriting, and guarantee strategies.

Apply statistical and actuarial methods to analyse claim emergence patterns, default probabilities, and recovery rates across different guarantee schemes.

Develop and maintain frequency-severity models for the guarantee portfolio to estimate expected losses, tail risks, and capital requirements.

Governance and Reporting

Prepare the papers and slides with the key outcomes from the completed analysis to Management and Board Level Committees.

Ensure timely and accurate reporting aligned with regulatory and internal standards.

Job Requirement:

Qualification: Candidate must possess at least a Bachelor's Degree, Master’s Degree and/

Or Professional Degree, in Statistics, Mathematics, Actuarial Science, Economics, Business Administration, Finance, Banking or Accountancy. Progress in actuarial exams under IFoA, CAS, SOA, or equivalent is added advantage.

Experience: More than 4 years of working experience in actuarial and stress testing, and/or in a research-related role, preferably within the credit risk or financial services industry.

Knowledge: Knowledge of SAS, Python, and other statistical or analytical tools used in credit risk modeling will be an added advantage

Skills/ Competencies: Excellent communication and report writing skills. Able to present reports to

Management and Board. Team player and able to work under stress.

Your application will include the following questions:

• What's your expected monthly basic salary?

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. CGC aims to assist Micro, Small and Medium-Sized Enterprises (MSMEs) with inadequate or without collateral and track record to obtain credit facilities from financial institutions by providing guarantee cover on such facilities.

Over the last 50 years, CGC has continuously evolved in meeting MSMEs' financing needs. It has progressed from being a traditional guarantee provider to a financially sustainable institution, providing guarantee and financing products for MSMEs. Enabling small businesses to ceaselessly reinvent their models in meeting current transformation prerequisites.

CGC is 78.6% owned by Bank Negara Malaysia (BNM), with the remainder held by various Financial Institutions (Fis) and Development Financial Institutions (DFls). Our stakeholders propel our agenda for financial inclusion and are directly involved in what we do.

With various progressive initiatives implemented, MSMEs enjoy expansive and accelerated access to financing. Strategic innovative alliances between CGC and leading Fis and DFls have sanctioned comprehensive financing through our various Portfolio Guarantee (PG) schemes. In addition, our Wholesale Guarantee schemes provide guarantee coverage to Fis' financing facilities. We also offer financing products for contract financing to ensure that MSMEs constantly remain dynamic and enterprising.

As of 31 December 2022, CGC had provided MSMEs with over 522,000 guarantees and financing valued at over RM90.3 billion, impacting nearly 370,000 MSMEs.

CGC embarked on its digitalisation pathway in 2018, launching imSME, our pioneer fintech venture. This customised online platform matches MSMEs with suitable financing facilities from Fis, DFls, P2P players and Crowdfunding. As Malaysia's first online MSME financing/loan referral platform, imSME is a one-stop centre for MSMEs to select the most advantageous facility available in the market, tailored for their financing needs.

Credit Guarantee Corporation Malaysia Berhad (CGC) was established on 5 July 1972. CGC aims to assist Micro, Small and Medium-Sized Enterprises (MSMEs) with inadequate or without collateral and track record to obtain credit facilities from financial institutions by providing guarantee cover on such facilities.

Over the last 50 years, CGC has continuously evolved in meeting MSMEs' financing needs. It has progressed from being a traditional guarantee provider to a financially sustainable institution, providing guarantee and financing products for MSMEs. Enabling small businesses to ceaselessly reinvent their models in meeting current transformation prerequisites.

CGC is 78.6% owned by Bank Negara Malaysia (BNM), with the remainder held by various Financial Institutions (Fis) and Development Financial Institutions (DFls). Our stakeholders propel our agenda for financial inclusion and are directly involved in what we do.

With various progressive initiatives implemented, MSMEs enjoy expansive and accelerated access to financing. Strategic innovative alliances between CGC and leading Fis and DFls have sanctioned comprehensive financing through our various Portfolio Guarantee (PG) schemes. In addition, our Wholesale Guarantee schemes provide guarantee coverage to Fis' financing facilities. We also offer financing products for contract financing to ensure that MSMEs constantly remain dynamic and enterprising.

As of 31 December 2022, CGC had provided MSMEs with over 522,000 guarantees and financing valued at over RM90.3 billion, impacting nearly 370,000 MSMEs.

CGC embarked on its digitalisation pathway in 2018, launching imSME, our pioneer fintech venture. This customised online platform matches MSMEs with suitable financing facilities from Fis, DFls, P2P players and Crowdfunding. As Malaysia's first online MSME financing/loan referral platform, imSME is a one-stop centre for MSMEs to select the most advantageous facility available in the market, tailored for their financing needs.