Assistant Manager IFRS17 & Modelling

Zurich Insurance Malaysia Berhad; Kuala Lumpur; On-site; MYR 60,000 - 90,000; Full time

Job summary

A leading insurance company in Kuala Lumpur is seeking an experienced Actuary to deliver and enhance actuarial tasks related to fund reporting. The role requires managing data inputs for the ACE system and ensuring compliance with reporting standards. Candidates should have a Bachelor's degree and 5+ years' experience, preferably in IFRS 17 and takaful reporting. The company offers a full-time schedule with perks including allowances and monthly incentives.

Benefits

Miscellaneous allowance

Monthly Incentive

Free Overseas Convention

Qualifications

• 5 years of experience in actuarial science-related roles.
• Experience with IFRS 17 and takaful reporting preferred.

Responsibilities

• Support design and setup of fund reporting in ACE.
• Troubleshoot and propose solutions for ACE limitations.
• Enhance systems for columnar reporting.
• Collaborate with FAR team for data requirement.
• Support takaful calculations in ACE.
• Review ACE results for compliance.
• Design new SOP for fund reporting process.
• Document methodologies and limitations in ACE.

Skills

Actuarial analysis

Problem-solving

Data input management

Reporting accuracy

Education

Bachelor's degree in actuarial science, mathematics, statistics, finance, or a related field

Job description

Delivers routine actuarial tasks and recommendations requiring minimal direct supervision, and performs more complex actuarial analyses under the supervision of more senior actuaries, in relation to reserving, reporting, quantitative risk management or the pricing of business.

Responsibilities

• Responsible to support the design and setup of Takaful columnar fund reporting in Group Actuarial Central Engine (ACE).
• Trouble shoot the issue and propose solution to tackle the ACE system limitation.
• Enhance Prophet and DCS to suit the requirement for columnar reporting in ACE.
• Work closely with FAR team to get the right data input required for fund reporting in ACE and clarify the requirement of fund reporting.
• Provide support on the calculation for takaful in ACE.
• Review the results generated from ACE for reporting to ensure it fulfill the reporting requirement/aligned with BNM/industry/MTA expectation.
• Design and propose a new SOP for the new process of preparing fund reporting.
• Document the methodology and limitation or workaround that applied in ACE.

Qualifications

• Bachelor's degree in actuarial science, mathematics, statistics, finance, or a related field and 5 or more experience.
• Prefer a candidate with 4-5 years of experience in IFRS 17 and takaful reporting.

Benefits

Schedule: Full Time

Perks and benefits: Miscellaneous allowance, Monthly Incentive, Free Overseas Convention