Manager Actuarial

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

Job summary

A leading financial institution in Malaysia is looking for a Senior Manager in Actuarial Science to lead pricing, reserving, and capital modeling initiatives. The incumbent will ensure compliance with regulatory and Shariah requirements while promoting data governance and risk frameworks. Ideal candidates will have at least 5 years in actuarial roles, strong analytical skills, and a Bachelor’s degree in Actuarial Science. This position contributes significantly to product development and financial planning strategies within the organization.

Qualifications

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

Responsibilities

• Develop and maintain actuarial models for financial sustainability.
• Provide input into business planning and profitability analysis.
• Design pricing strategies for clarity in customer propositions.
• Lead actuarial readiness initiatives and establish data governance.

Skills

Actuarial Expertise

Analytical Skills

Compliance Awareness

Collaboration

Education

Bachelor’s degree in Actuarial Science or related field

Tools

SQL

Job description

You can now search for people on SEEK. Make your profile public so you can be found by more employers. Update profile visibility

Add expected salary to your profile for insights

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.

Unlock job insights

Your application will include the following questions:

• What's your expected monthly basic salary?
• Which of the following types of qualifications do you have?

Featured job