Senior Actuarial Valuation Analyst – Solvency II/IFRS

International Association of Insurance Professionals (IAIP); Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Job summary

Munich Re Retakaful, part of Munich Re, the world’s largest reinsurer, is seeking an Actuarial Analyst to join the valuation team in Kuala Lumpur.

You will support Solvency II, IFRS and local statutory reporting, conduct experience studies, AXIS model work, and collaborate across markets with clients and managers.

The role offers exposure to IFRS17 developments and cross‑functional projects, with a focus on accurate valuation and reporting.

Qualifications

• Degree in Actuarial Science, Mathematics or Statistics is required.
• 8–10 years of actuarial experience.
• Progressing towards Fellowship with a recognized actuarial body (FSA, FIA, FIAA or equivalent).
• Strong MS Excel skills and ability to work with VBA is preferred.

Responsibilities

• Conduct and complete experience studies via AXIS for agreed treaties/products, including coordination with regional actuarial teams for review and approval.
• Support Solvency II, IFRS and Local Statutory reporting to ensure accurate and timely submissions.
• Coordinate and perform regular experience monitoring, treaty performance analysis and assumption reviews.
• Coordinate and complete AXIS model conversions for selected treaties, including liaising with regional actuarial teams for review and approval.
• Maintain up-to-date valuation data, actuarial models, and processes with proper documentation
• Work closely with team members within the business unit to ensure treaties are accurately set up, valued and reported.
• Ensure annual surplus sharing calculation is done accurately and submitted to cedants on time.
• Provide support to Technical Accounting - Life (TA-L) on bordereaux and statement of accounts confirmation where necessary.
• Provide input to Technical Accounting - Life (TA-L) for quarterly closing and monitoring processes.
• Support client management in the analysis of business performance; reviewing quarterly prognosis and updating the prognosis figures in cooperation with the client managers.
• Undertake and complete ad hoc projects requiring actuarial insight, including client consulting, product development.
• Maintain knowledge of current actuarial developments for various valuation bases (e.g. IFRS17) and developments in the (re)insurance industry across various markets.

Skills

MS Excel

VBA

AXIS

Actuarial technical skills

English communication

Education

Degree in Actuarial Science, Mathematics or Statistics

Fellowship progression (FSA, FIA, FIAA or equivalent)

Tools

AXIS

Job description

Munich Re Retakaful, part of Munich Re, the world’s largest reinsurer, is seeking an Actuarial Analyst to join the valuation team in Kuala Lumpur.

You will support Solvency II, IFRS and local statutory reporting, conduct experience studies, AXIS model work, and collaborate across markets with clients and managers.

The role offers exposure to IFRS17 developments and cross‑functional projects, with a focus on accurate valuation and reporting.