Associate, IFRS Valuation

Great Eastern; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A leading insurance provider in Kuala Lumpur is seeking an Associate for their IFRS 17 Actuarial team. The successful candidate will assist in the preparation and validation of IFRS 17 reporting and maintain valuation files. Candidates should have a Bachelor's degree in Statistics or a related field, good communication skills, and a solid understanding of actuarial principles. This is a permanent position with a strong emphasis on integrity and teamwork.

Qualifications

• Passed some actuarial exams from recognized institutions.
• Less than 2 years of actuarial-related experience.
• High level of integrity and accountability.

Responsibilities

• Assist in preparing IFRS 17 reporting.
• Ensure data accuracy in the IFRS 17 reporting.
• Maintain valuation files and model point files.

Skills

Communication skills

Actuarial knowledge

Numerical analysis

Problem solving

Team player aptitude

Customer service

Integrity

Education

Bachelor in Statistics / Maths / Actuarial Studies

Job description

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 Involvementis 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, IFRS 17 Actuarial.

The Role:

• Assist in preparing IFRS 17 reporting covering both parallel run year and as part of regular reporting.
• Assist in on-going validation of the valuation files to ensure data used in the IFRS 17 reporting are complete and accurate.
• Assist in maintaining the DCS used in generating the model point files used in IFRS 17 reporting.
• Assist in generating the model point files used in modelling underlying contracts and RI treaties.
• Assist in enhancing the valuation file to rectify the issues identified from the on-going validation of valuation files. Assist in performing UAT on the enhanced valuation files.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns /risks and proactively shares best risk management practices.

The Person:

• Tertiary education - Bachelor in Statistics / Maths / Actuarial Studies Professional - Passed some actuarial exams inFaculty of Actuaries, Scotland Institute of Actuaries, England Institute of Actuaries, AustraliaSociety of Actuaries, US
• < 2 years actuarial related experience
• Good communication skills - written and verbal
• Key knowledge:Sound actuarial principles, Company's financial & market position and experiences, Company's overall operational procedures, Regulations and guidelines, Understanding of IFRS 17 reporting requirements
• Key Competencies:Actuarial Knowledge, Actuarial Application - Prophet Analysis & Numeracy, Financial Accounting & Reporting Concern for Order and Quality, Problem solving and investigative abilities, Communication skills, Team player aptitude, Good interpersonal skills, Good integrity and trustworthy characteristics, Good customer service (Internal & external), Creativity
• 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

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.

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.

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