Associate, Actuarial (FCM)

Great Eastern; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A leading life insurance company in Kuala Lumpur is seeking an Associate in Actuarial for Financial Condition Management. In this role, you will perform asset share and bonus reserve valuations, assist with user acceptance testing, and analyze life insurance portfolio experiences. Ideal candidates hold a degree in Actuarial Science and possess strong communication, project management skills, and a good understanding of the insurance industry. Fresh graduates are encouraged to apply. This is a permanent position with a commitment to inclusivity and equal opportunity.

Qualifications

• Fresh graduate to approximately 2 years working experience.
• Proficient in Microsoft Office and programming language.
• High level of integrity and good attitude over teamwork.

Responsibilities

• Perform asset share and bonus reserve valuation study.
• Prepare bonus recommendations for Participating policyholders.
• Perform user acceptance test (UAT) for Prophet modelling.
• Analyze and monitor experience of life insurance portfolio.

Skills

Good understanding of the insurance industry

Good communication skills

Project management skills

Time management skills

Problem solving ability

Education

Degree in Actuarial Science

Tools

Microsoft Office

Programming language

Job description

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 Associate, Actuarial – Financial Condition Management.

Role

• Perform asset share and bonus reserve valuation study.
• Prepare bonus recommendations for Participating policyholders and necessary regulatory submissions.
• Perform user acceptance test (UAT) for Prophet modelling.
• Assist with system set-up and perform UAT in the relevant life systems for bonus revision and interest rate updates.
• Prepare and submit relevant reports to internal parties (e.g. Monthly Expense Allocation and Quarterly Expense Monitoring).
• Provide technical support for policy miscellaneous calculation.
• Perform annual review of internal policies.
• Ensure that standard operating procedure (SOP) are up-to-date.
• Analyse and monitor experience of life insurance portfolio (e.g. Claims, Persistency).
• Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlight any potential concerns /risks and proactively shares best risk management practice.
• Other responsibilities entailed.

Person

• Degree in Actuarial Science.
• Fresh graduate to approximately 2 years working experience.
• Good understanding of the insurance industry.
• 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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