Senior Executive/ Executive, Actuarial (Valuation)

Tokio Marine Insurans (Malaysia) Berhad; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading insurance group in Malaysia seeks a Senior Executive/Executive in Actuarial (Valuation) to manage quarterly workflows and communicate necessary data for reporting. Applicants should have a solid actuarial background, experience in statutory reporting, and strong analytical skills. The ideal candidate will contribute to MFRS17 analyses and provide technical support for various projects. This role is perfect for those actively pursuing actuarial qualifications and with a proven insurance background.

Qualifications

• Actively pursuing and has good progress in actuarial examinations.
• Minimum 3 years of General Insurance actuarial experience.
• Strong numerical and analytical skills required.
• Good understanding of actuarial principles.

Responsibilities

• Manage quarterly reserving workflow for BNM submission.
• Communicate necessary information for Financial Condition Report.
• Perform MFRS17 analyses and enhance actuarial workflows.
• Conduct bi-annual internal capital modeling.
• Provide support in ICAAP review and risk management.
• Support during annual reinsurance treaty renewal.
• Perform experience analyses and review reports.
• Assist with ad-hoc projects as needed.

Education

Actuarial examinations under CAS, IFoA, AI or equivalent

Tools

IFRS17

SAS

ResQ

ReMetrica

Job description

Senior Executive/ Executive, Actuarial (Valuation)

Reserve the quarterly reserving workflow for timely submission to BNM.

Financial Condition Report: Communicate with various stakeholders to articulate necessary information and perform analyses to assist AA in preparing the FCR.

MFRS17: Perform MFRS17 analyses and enhance the actuarial workflow for MFRS17 timely reporting.

Capital Modelling: Perform the bi-annual internal capital modeling for TM Group solvency requirements.

Risk Management: Provide technical support in ICAAP review, stress testing, risk tolerance limit assessment and capital management plan update.

Reinsurance: Provide technical support during annual reinsurance treaty renewal.

Experience study: Perform experience analyses and review the monitoring reports.

Other ad-hoc project or support as required.

Requirements

Actively pursuing and has good progress in actuarial examinations under CAS, IFoA, AI or equivalent actuarial professional bodies recognised by BNM.

Minimum 3 years of General Insurance actuarial experience in the statutory reporting role.

Strong numerical and analytical skills.

Good understanding on actuarial principles.

Experience in IFRS17, SAS, ResQ or ReMetrica is an added advantage.

Company

Tokio Marine Insurans (Malaysia) Berhad (TMIM) is a subsidiary of Tokio Marine Asia Pte. Ltd. Singapore and its ultimate holding company is Tokio Marine Holdings Inc., in Japan. The Tokio Marine Group has had more than 140 years history in Japan being the oldest and one of the largest insurance groups in Japan. The group is engaged in a wide variety of businesses ranging from non-life insurance to life insurance, international insurance, financial and other general business. The Group operates a worldwide network that spans 46 countries and regions to provide safety and security to customers.

Your application will include the following questions:

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