Manager, Actuarial

Agrobank; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A leading financial institution in Kuala Lumpur is seeking a Senior Manager to oversee actuarial governance and readiness. The role entails developing pricing, reserving, and capital models while ensuring compliance with Shariah and regulatory standards. Candidates should have a Bachelor's degree in Actuarial Science and at least five years of relevant experience. Strong collaboration and analytical skills are crucial. The position promotes ethical practices and transparency in financial methodologies.

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 ensuring financial sustainability.
• Provide actuarial input into business planning and profitability analysis.
• Design pricing strategies that ensure fairness and competitiveness.
• Support product development teams with actuarial insights.
• Lead actuarial readiness initiatives including catastrophe risk assessment.

Skills

Actuarial Expertise

Analytical Skills

Compliance Awareness

Collaboration

Education

Bachelor’s degree in Actuarial Science or related field

Tools

SQL

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.