Manager, Actuarial Services

Prudential Assurance Malaysia Berhad; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A leading financial solutions provider is seeking an Actuarial Manager in Kuala Lumpur. You will assist in implementing business projects, lead actuarial analyses, and provide technical support. The ideal candidate holds a degree in Actuarial Science or related fields, has at least 5 years of experience, and is proficient in tools like Prophet and Visual Basic. This role emphasizes accuracy and attention to detail, along with the ability to thrive under pressure.

Benefits

Medical benefits

Dental insurance

Sports facilities (e.g. Gym)

Festive Eve Leave (2 Days)

Qualifications

• At least 5 years of relevant working experience.
• Good progress in actuarial professional examinations.
• Practical knowledge in Prophet or other projection software preferred.

Responsibilities

• Assist the Senior Manager with technical and strategic support for projects.
• Lead actuarial projects in collaboration with various departments.
• Conduct comprehensive analyses of claims and expenses.
• Review and analyse Prophet model office financial output.
• Ensure accurate and timely production of financial output.

Skills

Analytical skills

Proficiency with programming tools

Meticulous attention to detail

Ability to work under pressure

Numerate mindset

Education

Degree in Actuarial Science/ Mathematics/ Statistics/ Physics

Tools

Prophet

Visual Basic

Job description

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Assist the Senior Manager in providing technical and strategic support for the implementation of various company-wide business projects. This includes product and process reviews, business retention and solutioning, medical repricing project, regulatory change requirements, system upgrade initiatives, and other business initiatives.

Lead actuarial related projects in collaboration other departments (Operations, IT and Marketing) to ensure alignment with the company’s vision and successful project execution and provide regular updates on project progression to the Senior Manager.

Lead comprehensive analyses of the company's claims, persistency, and expense experiences. Develop detailed management reports to facilitate a deeper understanding and support informed decision‑making processes.

Review and analyse Prophet model office financial output. This will include all financial output where Prophet is used (Statutory Valuation, Embedded Value, New Business Profitability, Group Internal Economic Capital Assessment, IFRS17 and other financial projections to internal stakeholders, Group head office and regulators). Perform reasonableness checks and ensure accuracy.

Interpret and communicate financial results to the Senior Manager and other internal and external stakeholders. Ensure accurate and timely production of financial output, guided by internal governance on Prophet enhancement.

Assess risks inherent in the new processes, communicate implications effectively and identify mitigating solutions to manage risk.

Provide general actuarial advice and expertise to address policyholder, agent, and regulatory queries. Ensure the information provided is accurate, sufficiently detailed, easily understood by the intended audience, and addresses the issues at hand.

Manage and oversee project timelines, deliverables, and resources to ensure successful project completion. This includes setting project goals, monitoring progress, and coordinating with team members to address any issues or delays promptly.

Provide general supervision to the team, ensuring consistent career growth and opportunities for professional development.

Foster a collaborative team environment by working closely with colleagues across different departments to achieve common goals and ensure the successful execution of projects. Encourage open communication, share knowledge, and support each other in the projects.

Job Requirements

Degree in Actuarial Science/ Mathematics/ Statistics/ Physics or other physical sciences or numerate discipline

Good progress in actuarial professional examinations.

At least 5 years of relevant working experience

A numerate and analytical mind.

Proficiency with programming tools (e.g. Visual Basic)

Practical knowledge in Prophet (preferred) or other projection software would be preferred

Must be meticulous with the ability to work under pressure.

Must be self‑motivated with the ability to work under minimum supervision

Unlock job insights

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Your application will include the following questions:

• Which of the following statements best describes your right to work in Malaysia?
• How many years' experience do you have as an Actuarial Manager?
• What's your expected monthly basic salary?
• How many years' experience do you have as an Actuarial Specialist?

A rewarding and fulfilling career awaits you

At Prudential, we believe in making a difference.

Through the power of listening, we strive to build brighter futures, for our customers, for our employees, for our society.

Built upon the values of mutual respect and understanding, we aim to cultivate an environment where our people can flourish in both their professional and personal lives.

As a leading provider of financial solutions in Asia, Prudential offers ample opportunities for you to succeed and expand your career horizons.

Perks and benefits Medical Loans Dental Sports (e.g. Gym) Vision Festive Eve Leave (2 Days), On-Boarding Welcome Re