Assistant Manager, Reporting

  • 36330
  • Life - Actuarial
  • |
  • Malaysia
  • |
  • Nov 27, 2019
Insurance
RESPONSIBILITIES
  • Under minimal supervision, support valuation of actuarial reserves, financial reporting of embedded value and new business value, preparation of data for solvency and risk-based capital calculations to required quality and timelines for management reporting and business decision-making purposes.
  • With appropriate review, coordinate, prepare, and perform actuarial analyses including demographic experience analysis, new business profitability analysis and forward looking projections of capital availability and solvency to required quality and timelines for management reporting and business decision-making purposes.
  • Provide advice and technical expertise on actuarial and risk quantification modeling approaches and implement routine cash flow model developments to ensure quality of model output.
  • Support Finance, market-facing business units, Claims, Risk, Capital Management, Investment Management, Actuarial and other functions and actuarial business partners on reserving, reinsurance, solvency, risk and capital management and other operational and strategic business decisions by providing necessary data and analyses to required quality and timelines.
  • Ensure that the valuation processes for the assigned Business Unit/s are appropriately governed and controlled in accordance with Group, Regional, and Local internal / regulatory policies.
  • Calculate premiums for new and/or existing products in line with agreed methodologies.
  • Review summary datasets.
  • Perform statistical analysis e.g. monitoring levels of business, business mix analyses, comparisons of actual to expected.
  • Research and analysis of experience trends and expenses.
  • Provide support for development of rates, rating plans and pricing and portfolio management strategies.
  • Where appropriate, provide rate filing support.
  • Specify and test IT developments for new products.
QUALIFICATIONS
  • Bachelor’s degree in Computer Science, Economics, Engineering, Finance, Mathematics/Statistics, Other, Sciences and 5 or more years of experience in related field.
  • Preferred: Experience in multiple functional areas.