Appointed Actuary

  • 35353
  • Non-Life - Actuarial
  • |
  • Malaysia
  • |
  • Jun 11, 2019
Insurance
RESPONSIBILITIES
  • Drive actuarial strategy in terms of profitable growth and ensure adequacy of claims & premium liabilities.
  • Consults with CEO on key business initiatives, ongoing performance and strategic imperatives and to periodically participate in discussions with senior managers in reviewing business.
  • Certify the valuation of actuarial and other policy liabilities in accordance with generally accepted principles and practices.
  • Analyze loss levels and trends by line, state, and market; prepare reports and stays abreast of competitors' reserving strategies and methodologies.
  • Tracks loss development and modify forecasts, reserve rates and premium levels accordingly.
  • Ensures effective and efficient administration of day to day business operations in line with SOP across all support functions.
  • Provides consultation to senior managers and other groups regarding actuarial, financial, strategic, business planning or other matters. Applies a comprehensive understanding of the business implications and exerts significant influence over the courses of action taken.
  • Responsible for communicating with Actuaries on issues such as reserving, capital allocation and Statutory Financial reporting.
  • Ensures consistency with enterprise risk management guidelines and compliance with regulations and laws.
  • Ensure good corporate governance is practiced and are being exercised by the company.
  • Build an organization that attracts and retain talents to ensure critical business processes are highly efficient and effective.
  • Assemble and empower a high performing team and ensure effective succession plans are in place for key positions.
QUALIFICATIONS
  • The candidate is a Fellow of either: The Institute and Faculty of Actuaries of the United Kingdom; the Institute of Actuaries of Australia; the Canadian Institute of Actuaries; the Society of Actuaries of the United States of America; the Casualty Actuarial Society of the United States of America.
  • The candidate possesses at least three years of relevant post qualification practical experience as a Fellow.
  • Candidate has adequate practical experience in or understanding of the Malaysian insurance industry and is familiar with Malaysian laws and regulations relevant to the conduct of insurance or Takaful business.
  • Strong technical experience and has had key responsibilities in performing valuations of actuarial liabilities for a licensed person carrying on life insurance or family Takaful business, or general insurance or general Takaful business,
  • Well informed on emerging developments in insurance business and actuarial practice which are relevant to the duties of an appointed actuary.
  • Exposure in engaging with members of the Board and senior management,
  • Proven professional track records and has no conflict of interest that would impair his ability to effectively discharge his duties as an appointed actuary.