SENIOR EXECUTIVE - PRODUCT DEVELOPMENT DEPARTMENT

Amanah Raya Berhad; Kuala Lumpur; On-site; MYR 30,000 - 60,000; Full time

Job summary

An established industry player is seeking a Senior Executive for its Product Development Department. This role involves designing and evaluating retirement plans, conducting risk assessments, and developing strategies to minimize risks while maximizing profitability. Candidates should possess a degree in Actuarial Science and have 1 to 2 years of relevant experience. The ideal candidate will excel in numerical and analytical skills, demonstrate effective communication, and have a proactive attitude. Join a forward-thinking company where your contributions will shape the future of retirement planning and risk management.

Qualifications

• Degree in Actuarial Science or equivalent from a recognized university.
• 1 to 2 years of relevant actuarial experience.

Responsibilities

• Compile and analyze statistical data and develop computer models.
• Conduct risk assessments and recommend management strategies.
• Monitor market trends and identify new investment opportunities.

Skills

Bahasa Malaysia

English

Numerical Skills

Analytical Skills

Mathematical Skills

Communication Skills

Interpersonal Skills

Attention to Detail

Critical Thinking

Project Ownership

Education

Degree in Actuarial Science

Associate or Fellow of SOA

Tools

Microsoft Office

Job description

SENIOR EXECUTIVE - PRODUCT DEVELOPMENT DEPARTMENT

SENIOR EXECUTIVE - PRODUCT DEVELOPMENT DEPARTMENT (ACTUARIAL)

OBJECTIVES OF POSITION

1. Design, test, and evaluate company retirement plans to ensure sufficient funds for future benefits.
2. Provide retirement planning advice to staff.

RESPONSIBILITIES OF POSITION

1. Compile and analyze statistical data and develop computer models to assess potential risks.
2. Conduct risk assessments and recommend management strategies.
3. Design and test investments and business strategies to minimize risks and maximize profitability.
4. Develop, maintain, and analyze projection models.
5. Estimate probabilities and economic costs of events such as death, sickness, accidents, or natural disasters.
6. Create charts, tables, and reports to explain calculations and proposals.
7. Report findings to business leaders.
8. Calculate necessary cash reserves based on policies and liabilities.
9. Monitor market trends and identify new investment opportunities.
10. Develop policies to avoid high-risk investments and associated losses.
11. Coordinate with external actuaries and auditors for actuarial information.
12. Establish and document actuarial procedures for internal use.
13. Maintain records of payments, funding, and underwriting policies.
14. Assist in preparing board papers, management reports, and ad-hoc documents.
15. Engage in research and product development tasks.
16. Perform other duties as assigned by the Head of Unit, Department, or Management.

QUALIFICATION / EXPERIENCE

• Degree in Actuarial Science or equivalent from a recognized university or college.
• 1 to 2 years of relevant actuarial experience.
• Associate or Fellow of the Society of Actuaries (SOA) preferred.

PROFESSIONAL SKILLS/KNOWLEDGE

• Proficient in Bahasa Malaysia and English.
• Computer literate with proficiency in Microsoft Office.
• Excellent numerical and analytical skills.
• Strong mathematical skills.
• Effective verbal and written communication skills.
• Strong interpersonal and listening skills.
• Solid understanding of mathematics, contingencies, economics, and statistics.
• Ability to analyze large datasets and think critically.
• Proactive attitude and ownership of projects.
• High attention to detail.
• Familiarity with a wide range of actuarial functions.
• Additional certification in Risk Management or success in actuarial exams is a plus.