Risk Consulting - Actuarial (Life Insurance), Associate

Ernst & Young Advisory Services Sdn Bhd; Kuala Lumpur; On-site; MYR 250,000 - 300,000; Full time

Job summary

A leading consulting firm in Kuala Lumpur is looking for a Senior Associate in Actuarial Consulting. This role involves leading client engagements and providing actuarial services. Candidates should have at least 2 years of relevant experience and be pursuing actuarial qualifications. The firm offers competitive remuneration and a culture of continuous learning and development.

Benefits

Competitive remuneration package

Continuous learning opportunities

Transformative leadership coaching

Diverse and inclusive culture

Qualifications

• Minimum 2 years in life/family takaful actuarial or consulting.
• Actively pursuing qualifications with an actuarial body.
• Depth of experience in financial and regulatory reporting.

Responsibilities

• Lead or contribute to client engagements.
• Address regulatory changes including IFRS17.
• Perform actuarial valuations and product distribution evaluations.

Skills

Analytical and problem-solving skills

Drive to excel professionally

Advanced written and verbal communication skills

Innovative and able to work under pressure

Team-oriented work environment fosterer

Education

Actuarial qualifications

Tools

Prophet software

Job description

We are the only professional services organisation who has a separate business dedicated exclusively to the financial services marketplace. Join Financial Services (FSO) and you will work with multi-disciplinary teams from around the world to deliver a global perspective.

Join this team and you will provide clients with traditional actuarial services (e.g., reserving, pricing and mergers and acquisition support), as well as leading edge services such as financial reporting and measurement, financial risk management, modelling, hedging, reinsurance, securitization, economic capital and solvency.

With so many offerings, you have the opportunity to develop your career through a broad scope of engagements, mentoring and formal learning.

The Opportunity

As part of our life actuarial team, you’ll focus on high-impact opportunities to apply your knowledge and experience that will shape our services. You’ll build valuable relationships with clients and develop strong capabilities, through both formal training and working with senior mentors and talented colleagues.

Your Key Responsibilities

As a Senior Associate in the Actuarial Consulting team, you’ll be leading or working as part of a project team to deliver a wide range of client engagements. This includes:

• Regulatory changes, including IFRS17 and Risk-Based Capital
• Actuarial Valuation, embedded value reviews, regulatory related reviews
• Performance evaluation in areas related to financial risks, product distribution and capital issues
• Advanced financial modelling approaches and systems e.g., designing valuation and Asset Liability Management frameworks

Skills and Attributes for Success

• Strong analytical and problem-solving skills
• Strong drive to excel professionally, and to guide and motivate others
• Advanced written and verbal communication skills
• Dedicated, innovative, resourceful, analytical and able to work under pressure
• Foster an efficient, innovative and team-oriented work environment

To Qualify for the Role You Must Have

• Minimum 2 years of experience in the life/family takaful actuarial team or an actuarial consulting firm
• Candidates with lesser experience will be considered for Associate position
• Actively pursuing actuarial qualifications with either the Institute and Faculty of Actuaries (UK), the Society of Actuaries (US) or the Institute of Actuaries of Australia
• Depth of experience in at least one of the following areas:
• Financial and regulatory reporting
• Valuation of life insurance/family takaful liabilities
• IFRS17
• Good understanding of economic or market issues and the ability to interpret their impact on clients
• Experience in working in a project-based, team-oriented environment, with a proven track record of delivering in face-paced and demanding environment
• Be an influential leader of the team, contribute to our positive learning culture, coach and mentor junior team members and help them to develop
• Ability to establish personal credibility quickly and demonstrate expertise

Ideally, You’ll Also Have

• Good knowledge of Prophet software

What We Look for

Highly motivated individuals with excellent problem-solving skills and the ability to prioritize shifting workloads in a rapidly changing industry.

What Working at EY Offers

EY offers a competitive remuneration package commensurate with your work experience, where you’ll be rewarded for your individual and team performance.

• Continuous learning: You’ll develop the mindset and skills to navigate whatever comes next.
• Success as defined by you: We’ll provide the tools and flexibility, so you can make a meaningful impact, your way.
• Transformative leadership: We’ll give you the insights, coaching and confidence to be the leader the world needs.
• Diverse and inclusive culture: You’ll be embraced for who you are and empowered to use your voice to help others find theirs.

EY is an equal opportunities employer and welcomes applications from all qualified candidates. We are committed to building a culture of inclusion and belonging, and we strive to create an environment where everyone feels valued and respected.