Manager, Actuarial

Bank Pertanian Malaysia Berhad (Agrobank); Kuala Lumpur; On-site; MYR 120,000 - 160,000; Full time

Job summary

A leading Malaysian financial institution is seeking a Senior Manager to establish actuarial governance and technical readiness for its pre-operational phase. The incumbent will lead the development of pricing, reserving, and capital models, ensuring compliance with regulatory and Shariah requirements. This role demands expertise in actuarial modeling and analytics, aiming to support sustainable growth and promote transparency in methodologies. Ideal candidates should have a Bachelor's degree and at least 5 years of related experience.

Qualifications

• Minimum 5 years in actuarial roles with exposure to pricing, reserving, and catastrophe modeling.
• Understanding of actuarial concepts and regulatory frameworks (BNM, IFSA 2013).

Responsibilities

• Develop and maintain actuarial models for financial sustainability and capital adequacy.
• Provide actuarial input into business planning and profitability analysis.
• Design pricing strategies balancing fairness, competitiveness, and sustainability.
• Support product development teams with actuarial insights.
• Embed ethical and Shariah-compliant principles in actuarial methodologies.
• Promote transparency in assumptions and methodologies.
• Lead actuarial readiness initiatives and data governance protocols.
• Collaborate to integrate actuarial models into digital platforms.

Skills

Actuarial Expertise

Analytical Skills

Compliance Awareness

Collaboration

Education

Bachelor’s degree in Actuarial Science or related field

Tools

SQL

ETL/ELT concepts

Job description

This role is pivotal in establishing actuarial governance and technical readiness for FFTO’s pre-operational phase. The incumbent will lead the development of pricing, reserving, and capital models, ensuring compliance with regulatory and Shariah requirements. The role includes implementing robust data governance, catastrophe modeling, and risk frameworks to support sustainable growth. The Senior Manager will also provide strategic actuarial insights to guide product development, underwriting, and financial planning, while building analytical capabilities within the organization.

Accountabilities

• Develop and maintain actuarial models that ensure financial sustainability, capital adequacy, and alignment with risk appetite.
• Provide actuarial input into business planning, profitability analysis, and portfolio optimization.
• Design pricing strategies that balance fairness, competitiveness, and long-term sustainability.
• Support product development teams with actuarial insights to ensure clarity and transparency in customer propositions.
• Embed ethical and Shariah-compliant principles in actuarial methodologies and reporting.
• Promote transparency in assumptions and methodologies to build trust with stakeholders.
• Lead actuarial readiness initiatives, including pricing, reserving, capital modeling, and catastrophe risk assessment.
• Establish data governance protocols and analytics frameworks to ensure integrity and compliance.
• Collaborate with IT and Product Development to integrate actuarial models into digital platforms for operational efficiency.
• Provide actuarial support for regulatory submissions, retakaful arrangements, and risk management strategies.

Qualifications

• Bachelor’s degree in Actuarial Science or related field.
• Minimum 5 years in actuarial roles with exposure to pricing, reserving, and catastrophe modeling.
• Familiarity with SQL and basic ETL/ELT concepts.
• Understanding of actuarial concepts and regulatory frameworks (BNM, IFSA 2013).

Knowledge & Skills

• Actuarial Expertise - Strong technical knowledge in pricing and reserving.
• Analytical Skills - Ability to analyze complex datasets and models.
• Compliance Awareness - Attention to regulatory and governance requirements.
• Collaboration - Ability to work across product, claims, and IT teams.

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