- Involved in providing actuarial support to the audit team
Involved in life / non-life insurance liabilities valuation which includes the assumptions setting, application of methodologies, computation of reserves and local regulatory requirements which mainly cover the following aspects: Valuation basis in accordance with RBC Framework issued by Bank Negara Malaysia, European Embedded Value (EEV), International Financial Reporting Standard (IFRS), SoX audit which cover financial reporting controls relating to technical reserving processes, Solvency II requirements and Insurance Group Directives (IGD)
Providing external and internal audit services to life and general insurers as well as reinsurers.
Executing and leading the actuarial fieldwork.
Inspiring staff to consistently improve their performance and capabilities.
Quantifying the effects of proposed changes to a clients reserving methodology, involving actuarial modeling.
Reviewing the adequacy, assumptions and methodology of clients insurance-related reserves for local regulatory and
IFRS reporting purposes.
Reviewing data accuracy and exhaustiveness (data collection, reconciliation and testing databases).
Compiling and circulating regulation manual for use by insurance unit in auditing regulatory submissions.
Evaluating and testing the sufficiency of clients internal process. This encompassed the claims and reserving processes.
Developing and designing financial models particularly for pension and annuities valuation, calculation for the reserves of life insurance products.
Taking the responsibility to audit the regulatory returns for life and general insurance companies and always achieve high standard of quality consistently. This involved identifying, understanding key issues and taking decisive action accordingly, which enhanced problem solving skills.
Taking on the various challenges to perform pension valuation and stress test to promote risk management. This
involved gaining more insight about the risk anticipated in the company and actively exploring new ideas to improve the current capital requirement framework.
Maintaining a good connection with team members and clients, worked closely and communicated effectively with
clients and managers to achieve excellent business results and customer experiences.JOB REQUIREMENTS
Minimum Degree / Masters Degree in Actuarial Science or related discipline
At least 5 years of working experience in related field with supervisory experience
Candidates with certified Fellowship of Society of Actuaries (FSA) are encouraged to apply
Candidates must have in-depth knowledge in life and/or non-life insurance liabilities valuation which includes a good understanding of assumptions setting, application of methodologies, computation of reserves, and local regulatory requirements
Very strong analytical skills
Good communication in both written and spoken English. Other languages will be added advantage
High technical ability, excellent interpersonal skills and strong leadership qualities.