Actuarial Manager

  • 36747
  • Life - Actuarial
  • |
  • Malaysia
  • |
  • Feb 6, 2020
Insurance
RESPONSIBILITIES
  • Understand gaps and needs of local entities by directly interacting with entity Chief Actuaries and Chief Financial Officers.
  • Provide valuation production and review support for some entities, with high quality and timely results.
  • Provide insightful and meaningful analysis on the valuation results to help top management to understand the results and to support senior-level decision making.
  • Provide expertise view to local valuation processes and advise on improvements and enhancement actions, including the use of robotics.
  • Build knowledge in the central Asia hub and at the same time enhance local team capabilities in order to establish an actuarial community across the region.
  • Drive and communicate source of earning analysis to provide management a view on the margin movement, trend and advise actions needed.
  • Perform reserve review for entities as needed, as part of the internal finance control and peer review program.
  • Value Reporting and Inforce Management.
  • Perform Value Reporting functions to ensure delivery of high quality reporting and actuarial KPIs for management decision processes.
  • Manage the Value strategic planning and forecasting processes via supervising the work of the team.
  • Drive the inforce management functions in the Region for the Finance Family, focusing mainly on KPI/metrics tracking, persistency and retention management, evaluate potential profit pools from action items, and ensure execution of action plans to deliver value accelerators.
  • Liaise with entities to understand the pricing support requirements.
  • Provide pricing supported and ensure delivery of high quality review as per entities requirements.
  • Develop pricing expertise in the central Asia hub and at the same time enhance local team capabilities.
  • Lead discussions with local entities to ensure all entities can deliver the strategic plans through production of key financial metrics and projections.
  • Drive the business towards the achievement of regional performance targets through the delivery of clearly defined and understood strategic plans, provision of timely and accurate management and performance reporting, insightful analysis of results and leveraging of forecasts to provide a forward looking view of performance.
  • Provide high quality, timely consistent, standardized services.
  • Lead the delivery of financial results at a consolidated regional level, and take ownership for clearance of such financial results with Regional management and Group counterparts.
  • Work closely with finance teams to ensure all management and performance results reporting consistent with financial reporting.
  • Ensure the development of consistent and effective Key Performance Indicators and other measures for continuous assessment and comparison across all countries.
  • Ensure the provision of quality and timeliness of work products upon requests to ensure entities needs are met.
  • Maintain good working relationships with Chief Actuaries and CFOs on business needs.
  • Recommend priorities, schedules and resources needed to conduct analyses in order to meet end user delivery requirements.
  • Estimate efforts on projects and analyses, skill levels required, and recommend turnaround times considering end user delivery requirements.
  • Recommend priorities for consideration when necessary.
  • Review, understand, monitor and project demands from local entities for actuarial resourcing.
  • Agree priorities with local entities.
  • Manage the revenue and expenses of the team operation and achieve a break-even objective.
QUALIFICATIONS
  • For Manager level, 7+ years of actuarial experience with at least 1 year of managerial.
  • Associate or Fellow of a recognized actuarial institute. Fellow preferred but any experienced individual being an Associate member status will also be considered.
  • Solid experience of actuarial valuation basis, pricing, process and production. Understanding of capital management, profit and value measure.
  • Asian regional experience desirable.
  • Able to work independently and under pressure.
  • Good interpersonal and communication skills.
  • Excellent English verbal and written communication skills required.