Assistant Manager, Actuarial – Financial Condition Management

Great Eastern; Kuala Lumpur; On-site; MYR 80,000 - 100,000; Full time

Job summary

A leading insurance firm in Kuala Lumpur is seeking an Assistant Manager for Actuarial – Financial Condition Management. This role involves conducting RBC reporting tasks such as monthly valuations, stress testing, and enhancing Prophet coding. Candidates should have a degree in Actuarial Science and at least 2 years of experience in the insurance sector. The ideal applicant will showcase strong communication and project management skills, alongside a high level of integrity. Join us to contribute to innovative insurance solutions.

Qualifications

• Minimum 2 years working experience in the insurance industry, preferably life insurance.
• Good progress in Actuarial examination.
• Strong understanding of RBC reporting requirements.

Responsibilities

• Perform monthly valuation and stress testing based on RBC reporting.
• Enhance Prophet coding for RBC2 reporting.
• Work with teams on reporting requirements.
• Highlight enhancements for Group reporting.

Skills

Good communication skills

Project management

Time management

Problem-solving ability

Proficient in Microsoft Office

Programming language proficiency

High level of integrity

Teamwork attitude

Adaptable to changes

Education

Degree in Actuarial Science

Job description

Assistant Manager, Actuarial – Financial Condition Management

Position: Assistant Manager, Actuarial – Financial Condition Management

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia’s leading insurer for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose ‘we’ over ‘me’. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Assistant Manager, Actuarial – Financial Condition Management.

The Role:

• Perform the following tasks based on Singapore Risk Based Capital 2 (RBC) reporting requirements with sufficient checking and analysis:
  • Monthly valuation (reserve, financial resources and risk requirements)
  • Stress Testing
  • Sensitivity testing on Capital Adequacy Ratio under Group prescribed scenarios
  • Business planning
  • Capital Contingency Plan
• Enhance existing Prophet coding to cater for RBC2 reporting requirements with audit trail for the abovementioned tasks. This includes the future maintenance of those coding which are related to RBC2 reporting requirements.
• Work with supervisor to design process and reporting template for the abovementioned tasks with reasonableness checking and audit trail.
• Work with risk management, actuarial and finance teams in the Great Eastern Group on the requirements, timeline and Monetary Authority of Singapore (MAS) request.
• Highlight any potential concerns / enhancements on Group reporting.
• Other responsibilities entailed.

The Person:

• Degree in Actuarial Science with good progress in Actuarial examination.
• Minimum 2 years working experience.
• Good understanding of the insurance industry preferably in life insurance.
• Good communication, project management and time management skills, and possess good problem solving ability.
• Proficient in Microsoft Office and programming language.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

Great Eastern Malaysia is committed to Equal Employment Opportunity, and all qualified applicants shall receive a fair and equal consideration for employment.

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.

About Great Eastern

Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.

We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.

We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.

Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people’s lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.

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