Appointed Actuary

  • 32118
  • Non-Life - Actuarial
  • |
  • Malaysia
  • |
  • Feb 13, 2018
Insurance Organization
RESPONSIBILITIES
  • Provide leadership and direction to the Actuarial teams in OAC Malaysia and OAC Singapore.
  • Review reserve valuations and certify the premium and claim liabilities
  • Prepare the Financial Condition Report
  • Oversee the Actuarial pricing function including reviewing pricing analysis
  • Review the reinsurance strategy and reinsurance program
  • Assist in establishing budgets and portfolio monitoring
  • Ensure completeness and accuracy of data quality
  • Assist in the development of the capital management plan for the company
  • Submit relevant Regulatory Reports to BNM in compliance with the Act, Regulations and Guidelines
  • Monitor the performance of the business and report any material changes or deviations
  • Timely reporting on the financial soundness of the Company and prompt recommendations on corrective actions if necessary
  • Compliance with relevant statutory requirements
  • Meet Professional Standards and Code of Conduct
  • Ability to travel
  • Timely submission of relevant statutory reports
  • Prompt and effective recommendation on corrective actions on financial position
  • Sound and proper reinsurance program
  • Decision Making Authority are Valuation and Reserving
QUALIFICATIONS
  • Fellowship of 1 of the following bodies:
  • The Institute and Faculty of Actuaries of the United Kingdom
  • The Canadian Institute of Actuaries
  • The Society of Actuaries of the USA
  • The Casualty Actuarial Society of the USA
  • The Institute of Actuaries of Australia
  • At least 2 years’ experience in a senior management position in a relevant financial services industry
  • At least 3 years of relevant post qualification practical experience as a Fellow of one of the bodies above
  • Must have strong inter-personal and communication skills with ability to build relationships with senior managers and key stakeholders
  • Must act with integrity and competence and in a manner in discharging professional duty
  • Must perform duties on a timely basis with professional skills and judgement, taking into account past experience, reasonable expectation of future economic, insurance and other risk factors and regulations of the jurisdictions in which the insurance subsidiary operates