Executive, Actuarial Professional | Kuala Lumpur, MY

Prudential plc; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

A leading company in the insurance sector is seeking an Actuarial Assistant to support the Actuarial Manager in providing actuarial services. The role involves developing models, analyzing financial outputs, and ensuring compliance with regulatory standards. Ideal candidates will have a degree in a numerate discipline and demonstrate strong analytical skills. This position offers a dynamic work environment where you can grow your actuarial career.

Qualifications

• Good progress in actuarial professional examinations.
• Proficiency with Microsoft Word/Excel/PowerPoint.
• Self-motivated with the ability to work under minimum supervision.

Responsibilities

• Assist the Actuarial Manager/Senior Manager in providing actuarial technical support.
• Develop and maintain master models/data tools according to regulations.
• Review and analyze Prophet model office financial output.

Skills

Analytical skills

Numeracy

Attention to detail

Education

Degree in Actuarial Science/Mathematics/Statistics/Physics

Tools

Prophet

Excel

Visual Basic

Job description

Prudential's purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.

The incumbent is responsible to assist the Actuarial Manager / Senior Manager to define and implement appropriate actuarial standards and work processes in relation to the provision of actuarial services to the Company.

Actuarial knowledge and skills are necessary in various aspects of insurance business, e.g. product design and pricing, analysis of the company's claims, persistency and expense experience, arrangement of reinsurance, calculation of reserves and profit reporting under various regulatory bases.

Principle Duties & Responsibilities

• Assist the Actuarial Manager / Senior Manager in providing Actuarial technical support and specifications with respect to BAU works involving master models (Prophet) and data tools (DCS/Alteryx).
• Development and build master model/ data tools according to regulation requirements / group standards / team requests. Maintain and ensure master model and data tool's integrity, accuracy and efficiency.
• Review and analyze Prophet model office financial output. This will include all financial metrics, including but not limited to EEV, NBP, IFRS, RBC. Perform reasonable checks as appropriate. Interpret and communicate results to Actuarial Manager/ Senior Manager. Accurate and timely production of financial output.
• Ensure sufficient internal control, governance and documentation for risk governance and management.
• Perform validation between Excel and Prophet/Alteryx.

Job Specification:

• Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline.
• Good progress in actuarial professional examinations.
• A numerate and analytical mind.
• Proficiency with Microsoft Words/Excel/PowerPoint
• Proficiency with programming tools (e.g. Visual Basic, Prophet)

Knowledge

• Must be meticulous with the ability to work under pressure.
• Must be self-motivated with the ability to work under minimum supervision.

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organization irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.

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