Assistant Manager / Associate, Actuarial (System Support)

Great Eastern Life; Kuala Lumpur; On-site; MYR 80,000 - 120,000; Full time

Job summary

A leading insurance company in Malaysia is seeking an Assistant Manager for its Actuarial (System Support) team. This role involves performing product requirement studies, configuring policy formulas, and conducting unit testing while collaborating with IT and product teams. Candidates should have a strong background in Statistics, Maths, or Actuarial Studies along with minimum 2 years of experience. Join us to contribute to innovative solutions and drive improvements for our customers.

Qualifications

• Minimum 2 years of actuarial-related experience.
• Passed positive exams from recognized actuarial bodies.

Responsibilities

• Perform product requirement studies and configure product formulas.
• Conduct unit testing and collaborate with IT for formula development.
• Stay informed on industry trends and proactively identify risks.

Skills

Good written and verbal communication skills

Initiative to improve current processes

Adaptability to change

High integrity

Accountability

Education

Recognized tertiary qualification in Statistics, Maths, or Actuarial Studies

Job description

Job Description - Assistant Manager / Associate, Actuarial (System Support) (220000FO)

Job Number:

220000FO

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 insurers for over a century, we have built a long-lasting legacy of trust with our customers across generations. This trust is based on Integrity, Initiative, and Involvement—values that guide us in our honesty, transparency, proactive solutions, and customer relationships.

We aim to make life great for our customers by understanding their needs and helping them protect what matters most. If you are looking for an exciting career with growth opportunities, we invite you to join us as Assistant Manager, Actuarial (System Support).

The Role:

1. Perform product requirement studies, set up product and claims formulas in PF for new product rollouts, funds, or regulatory changes.
2. Configure policy illustration formulas in PF for Point of Sale/NextGen systems.
3. Establish rates and rate table structures in PF.
4. Conduct unit testing of formulas and rates, and develop checking programs.
5. Prepare documentation for formula mapping and rate table structures.
6. Collaborate with Product Implementation and IT-PF support teams to develop new formulas or parameters in PF.
7. Enhance PF system functionality related to product formula setup as needed.
8. Provide actuarial support for management and operational issues related to formula setup in PF.
9. Support the implementation of PF Day2 requirements for existing products.
10. Assist regional governance of formulas and rate table structures in PF.
11. Support regional processes implementation in Malaysia and Indonesia.
12. Assist in PF setup for new product rollouts in Malaysia and Indonesia as required.
13. Stay informed on industry trends, regulatory compliance, emerging threats, and technologies to understand risks and safeguard the company.
14. Proactively identify potential risks and share best risk management practices.
15. Perform other related responsibilities.

The Person:

1. Recognized tertiary qualification in Statistics, Maths, or Actuarial Studies.
2. Minimum 2 years of actuarial-related experience.
3. Passed some actuarial exams from recognized bodies such as the Faculty of Actuaries (Scotland), Institute of Actuaries (England), Institute of Actuaries (Australia), or Society of Actuaries (US).
4. Adherence to professional actuarial standards and code of conduct.
5. Good written and verbal communication skills.
6. High integrity, accountability, and a positive attitude towards teamwork.
7. Initiative to improve current processes and adaptability to change.

Great Eastern Malaysia is committed to Equal Employment Opportunity. All qualified applicants will receive fair consideration for employment.

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

Note for Recruitment Agencies: We do not accept unsolicited agency resumes. Please do not send resumes via email or to employees. We are not responsible for any fees related to unsolicited resumes.

About Great Eastern

Established in 1908, Great Eastern places customers at the center of our efforts. Our culture, guided by our core values of Integrity, Initiative, and Involvement, reflects our commitment to doing our best for our customers sustainably. We promote inclusivity and equal opportunity, and since 2018, we have been a signatory to the UN Principles of Sustainable Insurance, integrating ESG considerations into our business practices.