Actuarial jobs in Malaysia

• Bears the primary responsibility to ensure regulatory reporting, statutory valuation of actuarial liabilities, actuarial modelling and actuarial system support are in accordance with accepted actuarial principles, practices and applicable requirements.
• Responsible for the integrity of all regulatory reporting.
• Prepare actuarial reports and statistics to relevant regulators in compliance with relevant Acts, Regulations and Guidelines.
• Set up appropriate reserves for policy liabilities and compute risk charges in accordance with applicable solvency frameworks.
• Responsible for maintenance, modification and enhancement of actuarial modelling for all relevant reporting and solvency frameworks, including IFRS17, Malaysia RBC, Malaysia RBCT and Singapore RBC2, in accordance with internal model governance and validation policies.
• Provide actuarial supports to other Great Eastern entities.
• Provide actuarial support in product roll-out, enhancement and implementation in relevant policy administration systems for life insurance business.
• Prepare reinsurance treaties and reporting for life insurance business.
• Provide other actuarial supports such as stress testing and experience studies to general insurance business as per solvency framework.
• As part of the leadership team, work with key stakeholders to proactively shape the organisation’s culture and conduct environment that is aligned to the organisation’s Core Values.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns /risks and proactively shares best risk management practices.
• Take reasonable steps to ensure effective management and control of the business, operation or control function, as the case may be.
• Take reasonable steps to ensure compliance with any applicable law, regulations and regulatory requirements.
• Taking reasonable steps to ensure that delegation of responsibilities is appropriate and properly overseen.

• Tertiary – Bach. in Statistics / Maths / Actuarial Studies Professional.
• Passed 100% of preliminary, 100% of intermediate and 50% of fellowship actuarial exams in one of the actuarial associations recognised by BNM.
• At least 14 years of working experience in insurance industry with strong grasp of insurance concept, actuarial principles and cross-functional knowledge.
• Experienced with actuarial modelling such as Prophet Professional and Prophet Enterprise.
• Competencies such as financial modelling, risk analytics, scenario planning and analysis, valuation approaches and methodologies, stakeholder management, accountability, decision-making, customer orientation, developing people, developing self, exploring possibilities and teamwork.
• Has adequate practical experience in or understanding of Malaysian insurance industry and is familiar with Malaysian Laws and regulations relevant to the conduct of insurance business.
• Has high level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

• Champion and embody our Core Values in everyday tasks and interactions.
• Demonstrate high level of integrity and accountability.
• Take initiative to drive improvements and embrace change.
• Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
• Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers.

The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of “AA-” by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies.

Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.