MANAGER, ACTUARIAL AUDIT, ASIA

Allianz Malaysia; Kuala Lumpur; On-site; MYR 90,000 - 120,000; Full time

Job summary

Allianz Malaysia is seeking an experienced Actuary to independently plan, lead, perform and manage actuarial-related audits across Operating Entities and all relevant lines of business within the Asia Pacific region. This role focuses on Life, P&C and Health, including Corporate Actuarial and Pricing, as well as IFRS 17 and related areas.

The ideal candidate will bring 5+ years of actuarial experience, strong technical and ethical credentials, and excellent communication skills to liaise with

Qualifications

• Bachelor-level education in Actuarial Science or quantitative discipline
• 5+ years actuarial experience, with internal/external audit or actuarial consulting preferred
• Strong technical (actuarial) and ethical characteristics
• Ability to see the 'big picture' while remaining curious and driven
• Proficiency in Microsoft Office tools (Word, Excel, PowerPoint)

Responsibilities

• Plan, lead and manage actuarial audits across Life, P&C and Health, including Corporate Actuarial, Pricing, and related CFO areas
• Perform risk assessments for actuarial audits and supervise concurrent audits
• Maintain relationships with C-level stakeholders across Operating Entities and regions
• Monitor regional entity developments and reflect insights in audit risk assessments
• Provide inputs to audit reports and support regional actuarial projects while maintaining independence

Skills

Actuarial expertise

Auditing experience

Stakeholder management

Communication skills

Microsoft Office

Education

Bachelor in Actuarial Science or quantitative discipline

Professional actuarial qualification or progress toward qualification

Tools

MS Office (Word, Excel, PowerPoint)

Job description

Job Purpose

Independently plan, lead, perform and manage Actuarial-related audits across Operating Entities and all relevant lines of business within the Asia Pacific region

Job Purpose

Independently plan, lead, perform and manage Actuarial-related audits across Operating Entities and all relevant lines of business within the Asia Pacific region

Key Responsibilities

• Plans, executes and performs risk assessments for audits of actuarial functions across Life, P&C and Health, including Corporate Actuarial and Pricing, as well as related audit areas under CFO area such as Regulatory Reporting including IFRS 17, Qualitative Risk Management, Tax and Capital Management, Risk Capital and Risk Figures Calculation, Technical Product Controlling, Reinsurance, and Investment Management.
• Performs and supervises two or more audits concurrently, where required
• Maintains effective working relationships with the C-suite (in the CFO and Technical Product areas) across all Operating Entities (including regional stakeholders) and lines of business
• Monitors Operating Entities developments through regular interactions with regional and Operating Entities Chief Actuaries and product/pricing teams, and reflects these insights in the Actuarial audit risk assessment
• As regional audit subject‑matter expert, provides inputs to Actuarial related audit reports/submissions and be a point of reference for questions from the regional audit community
• Provides consultative support for Actuarial regional projects, while maintaining Internal Audit’s independence and objectivity

Key Requirements

• Bachelor level education in an Actuarial Science and/or quantitative discipline (i.e. Mathematics, Statistics, Finance, Economics).
• More than 5 years of actuarial experience, and preferably with internal/external audit or actuarial consulting experience
• Strong technical (actuarial) and ethical characteristics
• Ability to see the "big picture" while remaining curious and driven
• Ability to deal effectively with a variety of people and business situations
• Trusted partner to the business
• Open-minded, a good listener and able to empathize with the auditee and understand the situation from their perspective
• Good verbal and written communication skills - to tactfully bring across the audit issues both verbally and in the audit report
• Proficient in Microsoft Office - Word, Excel and PowerPoint
• Professional actuarial qualification or substantial progress toward qualification with a recognised actuarial body.

Essential Requirement

• Fluency in English, Mandarin, Bahasa, or Thai would be an advantage
• Knowledge and understanding of finance, risk management, reinsurance and asset/investment management
• Prior exposure to IFRS17 and Solvency II requirements would be an advantage
• Experience in performing audits of Corporate Actuarial, Actuarial Pricing, Risk Capital Calculation, Technical Product Controlling and Reinsurance Management

Future Challenges

• Strengthen a regional audit centre of expertise that is trusted and respected by both the business and audit community
• Coach regional audit community to achieve minimum baseline knowledge of Actuarial
• Identify and coach selected auditors with sufficient skill and motivation to execute independently (or with minimal support) Actuarial audits

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams and challenges, is what makes us a unique employer. Together we can build an environment where everyone feels empowered and has the confidence to explore, to grow and to shape a better future for our customers and the world around us.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. And the foundation for this is our inclusive workplace, where people and performance both matter, and nurtures a culture grounded in integrity, fairness, inclusion and trust.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let's care for tomorrow.