Actuarial Manager

婵物捨; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

A leading company in the insurance industry is seeking Life Insurance Valuation and Modelling Actuaries at the managerial level. This role involves developing financial models and conducting analysis for IFRS17 reporting, while leading a team of actuaries. The position offers a collaborative environment with exposure to diverse actuarial projects across the APAC region.

Benefits

Comprehensive training and development opportunities

Diversity and inclusion initiatives

Volunteering and community activity support

Qualifications

• Minimum 6 years of relevant working experience in the life insurance industry.
• Experience in Prophet modelling is essential.
• Familiarity with IFRS17 and economic capital concepts.

Responsibilities

• Lead and develop a team of 2-4 actuaries.
• Develop and review Prophet Models.
• Provide analysis and reporting for IFRS17 and SST AFR.

Skills

Actuarial technicality

Attention to detail

Leadership

Analytical mindset

Communication

Education

Degree in Actuarial studies

Qualified actuary (IFoA, SOA, IA, IAA)

Tools

Prophet modelling

VBA

SQL

Python

Job description

Summary

Actuarial Service Centre Asia Pacific (ASCAP) is an APAC regional Centre of Excellence for Zurich Insurance Group, providing actuarial modelling, reporting and consulting services to the Zurich APAC regional office and Business Units in the APAC region.

We are looking for Life Insurance valuation and modelling actuaries at manager level (Manager, Executive Manager) for the development of financial models, SST AFR & NBV and IFRS17 analysis and reporting, calculation of insurance reserves and risk analysis (e.g. economic capital), etc. as well as projects for the Business Units, region and the group.

This is an excellent opportunity to collaborate with a spirited and highly capable team, working closely with other actuarial teams and Chief Actuaries in the APAC region within Zurich Insurance Group. Additionally, it provides valuable exposure to the full spectrum of actuarial work and project experience across the APAC region, encompassing business units at various stages of maturity.

KEY ACCOUNTABILITIES

Leadership

• A people manager who leads and develops a team of 2-4 actuaries including senior executive and executive
• Provide guidance, coaching and training to junior actuaries

Financial Modelling

• Develop, enhance, and review Prophet Models in accordance with the Prophet Development Framework
• Produce documentation for the Prophet developments.
• Provide guidance to junior actuaries for Prophet modelling activities

Financial Reporting

• IFRS17: Analysis and reporting, provide forecast and management insights based on long-term financial reporting
• Swiss Solvency Test Available Financial Resources (SST AFR) & New Business Value (NBV): Analysis and reporting
• Support Business Units with local regulatory financial reporting
• Analyse results and provide business insight to stakeholders in both the Asia Pacific business units and Corporate Centre, taking into account relevant business context

Advisory and Consulting

• Provide ad hoc support to Business Units in the region on business planning, experience studies and assumption setting, capital modelling etc.
• Provide project (e.g. M&A) support to Business Units and APAC regional office
• Assist in methodology developments
• Identify areas for improvement in modelling and reporting processes and drive improvement initiatives

RELATIONSHIPS

Internal

• Actuarial and finance colleagues in Asia Pacific business units
• Actuarial and finance colleagues in Zurich Corporate Centre and APAC Regional Management of the Zurich Group

External

• Actuarial auditors

TRAVEL & OTHER REQUIREMENTS

• Some travel possible to the Business Units being supported, as well as in support of short-term secondments in the Asia Pacific region.

QUALIFICATIONS/EXPERIENCE

• Degree qualified, preferably in Actuarial studies
• Qualified or nearly qualified actuary of an internationally recognised actuarial institution (IFoA, SOA, IA, IAA)
• Minimum 6 years of relevant working experience in the life insurance industry

KNOWLEDGE

• Strong actuarial technicality
• Experience in Prophet modelling is essential, additional programming skills (e.g. VBA, SQL, Python) are an added bonus
• Familiarity with IFRS17, embedded value and economic capital or market consistent valuation concepts
• Knowledge of accounting concepts, including an understanding of revenue accounts and balance sheet
• Knowledge of statistical and actuarial tools and techniques

SKILLS & COMPETENCIES

• Risk identifier with strong attention to detail
• Strong leadership skills
• Able to work effectively individually and as a team
• Ability to meet deadlines and work under pressure, in accordance with regulatory, compliance and professional requirements
• Excellent written communication and ability to produce deliverables that demonstrate structured thought and clearly present the business issues and outcomes
• Strong verbal communicator with the ability to explain complex concepts in a simple manner

SOFT SKILLS

• Analytical, innovative and transformative mindset
• Customer centric
• Pragmatic & efficient
• Relationship builder, team player

At Zurich we are proud of our culture. We are passionate about Diversity and Inclusion. We want you to bring your whole self to work we have a diverse mix of customers, and we want our employee base to reflect that.

Our diversity and inclusion initiatives are creating an environment where everyone feels welcome regardless of protected characteristics.

With the above in mind, we accept applications from everyone regardless of your background, beliefs, or culture.

We are committed to continuous improvement, and we offer access to a comprehensive range of training and development opportunities. Zurich is passionate about supporting employees to help others by getting involved in volunteering, charitable and community activity.

So, make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.

Location(s): MY - Kuala Lumpur
Schedule: Full Time
Recruiter name: Caroline Louis
Closing date: