Senior Actuarial & Planning Analyst

Allianz Popular SL.; Kuala Lumpur; Hybrid; MYR 50,000 - 90,000; Full time

Job summary

Join a forward-thinking company as a Senior Actuarial & Planning Analyst, where you will play a pivotal role in shaping financial strategies and insights. This position offers a unique opportunity to work within a dynamic team, focusing on actuarial reserving and financial planning for the Property & Casualty business. You will leverage your analytical skills to provide valuable insights and support key stakeholders in making informed decisions. Embrace a hybrid work environment that fosters growth and inclusivity, allowing you to thrive in your career while making a meaningful impact on the organization and its customers.

Qualifications

• 3-6 years of experience in P&C actuarial valuation roles.
• Good progress with actuarial exams from recognized bodies.

Responsibilities

• Conduct P&C valuation under Singapore RBC framework and IFRS17.
• Assist in budgeting and forecasting of the annual business plan.

Skills

Analytical Skills

Communication Skills

Time Management

Attention to Detail

Stakeholder Management

Education

Degree in Actuarial Science

Degree in Mathematics

Degree in Statistics

Tools

Microsoft Excel

Microsoft PowerPoint

Job description

KUALA LUMPUR, Federal Territory of Kuala Lumpur, MY, 50470

Area of Expertise:

Finance & Accounting

Unit:

Allianz Services

Employing Entity:

Allianz Technology Sdn. Bhd.

Job Type:

Full-Time

Remote Job:

Hybrid working

Employment Type:

Permanent

ID:

72886

Non-Executive

Senior Actuarial & Planning Analyst

Allianz Services is part of Allianz Group, one of the world's leading insurers and asset managers and has succeeded in becoming one individual business segment by combining various businesses from different parent companies. Allianz Services is running service delivery operations in Romania, India, Mauritius and Morocco as well as is operating Consulting hubs in Germany, USA, Italy, France and Singapore with almost 6000 colleagues globally.

The incumbent will be part of the Actuarial, Planning & Controlling team, supporting Allianz Entities. He/she will carry out an actuarial reserving role for the Property & Casualty (P&C) business which includes data manipulation, assumption and methodology setting, reserve calculation and reporting. He/she will also have a wider responsibility on Financial Planning & Analysis (FP&A) which includes budgeting, forecasting and monitoring of business plan, providing insightful analysis on variances and trends, and preparation and presentation of results to key stakeholders.

Key Responsibility Areas:

Actuarial:

• P&C valuation under Singapore Risk-Based Capital (RBC) framework and IFRS17, including data manipulation, assumption and methodology setting, reserve calculation, fulfilling internal, Group and MAS reporting requirements, and preparation of reports and slide decks.
• Solvency and capital adequacy calculation under Singapore RBC framework.
• Work closely with other Finance team members on financial reporting matters.
• Production of key dashboards and reports in a timely manner for internal stakeholders.
• Conduct portfolio deep dives, experience analysis and ad-hoc analysisto identify trends and insights for management.
• Conduct UAT on system developments especially when developments are feeding into actuarial processes and calculations.
• Carry out reinsurance reporting and billings.
• Assist in the budgeting and forecasting of the annual business plan, closely monitoring the budget and performance against plan on a monthly basis, highlighting trend and variances.
• Support the Planning & Controlling team where needed to deliver insightful, actionable and business-oriented analysis and reports to Management, Regional Finance and to Group.
• Preparation of management reporting, P&L and BS analysis, analysing financial performance of the company, and liaising with the relevant business to provide meaningful commentaries.
• Perform detailed expense analysis to support the expense allocation under IFRS17.

Capabilities and Qualifications:

• Degree in Actuarial Science, Mathematics, Statistics or any other related quantitative fields.
• Good progress with actuarial exams from recognised International Actuarial Bodies.
• 3 - 6 years of experience working in P&C company in an actuarial valuation role. Financial Planning & Analysis (FP&A) experience or exposure is a plus, but not necessary.
• Willingness to apply actuarial skillset and broaden exposure beyond traditional actuarial valuation role.
• Strong understanding of key P&C insurance actuarial technical concepts as well as P&C insurance P&L, balance sheet and financials.
• Strong analytical and numerical skills.
• High standards of accuracy and precision, good attention to detail, and highly organized.
• Good time management skills, and able to manage multiple tasks efficiently.
• Strong communication skills and stakeholder management ability with ability to influence without authority.
• Proficient in Microsoft Office applications, in particular Excel and Power Point.
  

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.

We at Allianz believe in a diverse and inclusive workforce and are proud to be an equal opportunity employer. We encourage you to bring your whole self to work, no matter where you are from, what you look like, who you love or what you believe in.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, disability or sexual orientation.

Great to have you on board. Let's care for tomorrow.