Senior Analyst Group Actuarial

FWD Group; Kuala Lumpur; On-site; MYR 100,000 - 150,000; Full time

Job summary

A major insurance provider based in Kuala Lumpur is seeking an experienced actuary to develop and maintain centralized actuarial models. Candidates should have a Bachelor’s degree in Actuarial Science or a related field and 3 to 5 years of experience in actuarial functions. The role involves guiding junior team members, conducting model reviews, and ensuring compliance with governance standards. Strong Prophet modelling skills and good analytical abilities are crucial. This position offers a dynamic environment with opportunities for career growth.

Qualifications

• 3 to 5 years insurance experience in actuarial functions is preferred.
• Good progress in internationally recognised actuarial professional examinations.

Responsibilities

• Develop and maintain the centralised Actuarial models independently.
• Provide guidance to junior team members in their daily tasks.
• Conduct in-depth model review and ensure compliance with governance standards.

Skills

Good Prophet modelling and coding skills

Good analytical skills

Good problem-solving skills

Good communication and interpersonal skills

Good English speaking and written skills

Education

Bachelor’s degree in Actuarial Science or Mathematics/Statistics

Job description

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

FWD Technology and Innovation Malaysia Sdn. Bhd., known as FWD TIM, was established in late 2019. Strategically located in Kuala Lumpur, FWD TIM serves as a pivotal shared service location within FWD Group, providing services to multiple markets across the Group. FWD TIM houses a diverse and talented workforce focused on essential business and technology services such as information security, cloud operations, IT solutions delivery, digital and data, actuarial, finance, investments, and customer service, among many others. FWD TIM is dedicated to drive and deliver operational excellence and efficiency, foster innovation and ensure regulatory compliance across all business functions as well as maintain a competitive edge in the market.

PURPOSE

Responsible to develop and maintain the centralised Actuarial models independently and support the Actuarial initiatives/projects independently as required by Group Actuarial / business units.

KEY ACCOUNTABILITIES

• Provide guidance to junior team members in their daily tasks
• Support the development and maintenance of the Centralised modelling services by/through:
  • independently performing the development and maintenance of the centralised Actuarial models for business units and ensuring quality and on-time work delivery
  • demonstrating in-depth Prophet modelling skills in model design, build, coding and testing and effectively applying the skills throughout development, execution and improvement of modelling process
  • working in close collaboration, interaction and independently with business units to deliver defined Prophet modelling services within the agreed scope and providing regular modelling service progress
  • exercising judgement using established practices and skills to perform modelling checking and regression tests, define and communicate model change impacts and mitigation actions, and maintain model documentations for key stakeholders
  • escalating modelling issues to the Country Model Lead in a timely manner
  • implementing the Group Model Governance policy including model documentation, modelling process and controls
• Support the SME & Model Reviewer in
  • conducting in-depth model review on models change made by HK, TH, JP and any other assigned countries
  • conducting the independent review of developed actuarial models against established governance standards, ensuring compliance and overall controls
  • performing technical review of actuarial models and validation results, identifying potential risks and issues, and preparing feedback on modelling review results while outlining potential gaps
• Contribute as an experienced project resource in supporting Actuarial services or resources on a project basis including but not limited to developing and maintaining ALS model for asset and liability management, economic capital (EC), HKRBC reporting, IFRS17 and any other assignment from Group Actuarial
• Process major requests/incidents while guiding junior team to process BAU requests/incidents on Prophet Enterprise and related calculation engines on Cloud, and assist senior advisor in maintaining a clean and auditable production environment

KEY PERFORMANCE INDICATORS

• Effectiveness of the model maintenance process and project delivery
• Value added to local business units

EXTERNAL & INTERNAL CONTACTS

• Group Actuarial
• Local function head, managers and associates
• Head of TIM Actuarial and Actuarial Advisors in TIM

QUALIFICATIONS / EXPERIENCE

• 3 to 5 years insurance experience in actuarial functions is preferred
• Bachelor’s degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major
• Good progress in internationally recognised actuarial professional examinations

KNOWLEDGE & TECHNICAL SKILLS

• Good Prophet modelling and coding skills
• Good understanding of Actuarial valuation processes, statutory and traditional EV, knowledge of EC/RBC and IFRS17 are preferred

OUR COMPETENCIES

• Teamworking
• Good analytical skills
• Good problem-solving skills
• Good communication and interpersonal skills
• Good in English speaking and written skills

OTHERS

• Flexible to travel