AVP, Capital & In-Force Management

Great Eastern; Kuala Lumpur; On-site; MYR 120,000 - 150,000; Full time

Job summary

A leading financial services firm in Kuala Lumpur seeks a professional to join the In-force and Capital Management team. The role involves monitoring liquidity, leading capitalization strategies, and assessing regulatory compliance. Candidates should have a Bachelor's degree in Statistics, Mathematics, or Actuarial Studies, with at least 8 years of relevant experience and be progressing towards professional qualifications. The ideal candidate will demonstrate strong teamwork and decision-making skills, and proactively manage compliance risks.

Qualifications

• Minimum 8 years of relevant experience in actuarial-related experiences.
• Good progress towards obtaining professional qualifications such as CFA, CPA or Actuarial.
• Experience in Asset-Liability Management (ALM) will be an added advantage.

Responsibilities

• Monitor the company’s liquidity and capital position to ensure solvency.
• Lead the capital management strategies to optimize the company's capital structure.
• Coordinate annual capital planning, assessing capital needs and identifying risks.

Skills

Business planning

Financial modelling

Risk analytics

Stakeholder management

Decision-making

Teamwork

Education

Bachelor in Statistics/Mathematic/Actuarial Studies

Job description

The In-force and Capital Management team manages the Fund Transfer Pricing (FTP) reporting framework to align with Great Eastern’s financial strategy. Working closely with finance and actuarial teams, the team ensures capital optimisation, regulatory compliance and financial health. Key responsibilities include monitoring performance, managing solvency and driving initiatives to improve in-force business profitability and achieve company targets.

Responsibilities

• Monitor the company’s liquidity and capital position to ensure solvency and compliance with regulatory requirements.
• Lead the capital management strategies to optimize the company's capital structure.
• Coordinate in annual capital planning exercise, collaborating with various business units to assess capital needs, align business and product strategies, and identify risks and opportunities associated with the capital projection.
• Review the Profit & Loss for M2's TAA mandates under 3-Manager Reporting Framework. This includes Asset-Liability Management (ALM) Monitoring, Fund Transfer Pricing (FTP) reporting and Liquidity monitoring.
• Coordinate company Internal Capital Adequacy Assessment Process (ICAAP) framework and reporting.
• Upon Management action trigger (MAT), propose hedging strategy, where applicable, to protect solvency position per hedging policies.
• Explore area of enhancement on profitability and regulatory capital management optimisation. This includes ALM, management of medical portfolio, reinsurance, etc.
• Collaborate with other departments to align the execution of initiatives on profitability and capital optimisation.
• Provide guidance and support to junior team members, if required.
• Take accountability in considering business and regulatory compliance risks and take 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.

Qualifications

• Tertiary – Bachelor in Statistics/ Mathematic/ Actuarial Studies with good progression of actuarial exams in one of the actuarial associations recognized by BNM.
• Ideally minimum 8 years of relevant experience in actuarial related experiences.
• Good progress towards obtaining professional qualifications such as CFA, CPA, Actuarial or FRM.
• Experience in Asset-Liability Management (ALM) will be an added advantage.
• Competencies such as business planning, financial modelling, risk analytics, valuation approaches and methodologies, stakeholder management, accountability, decision-making, developing people, developing self, exploring possibilities and teamwork.
• 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.
• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.