Actuarial Pricing Executive

  • 38486
  • Life - Actuarial
  • |
  • Malaysia
  • |
  • Nov 3, 2020
Insurance
RESPONSIBILITIES
  • Calculates actuarial best estimate reserves, planning, and profitability analyses for defined segments of insurance business.
  • Performs research, loss emergence studies, and other statistical analyses.
  • Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
  • Calculates pricing or rate indications for new/renewal business, and assist in price monitoring, planning, and profitability analyses for defined segments of insurance business.
  • Performs research, experience studies and other statistical analysis.
  • Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.
  • Tests and maintains pricing models and tools.
  • Performs experience investigations and data validation.
  • Establishes and runs actuarial cash flow models for use in actuarial reporting.
  • Provide support for calculation of statutory reserves and financial valuations.
  • Provides product development and pricing support.
  • Executes and tests pricing models.
  • Solves problems on portfolios with a limited level of complexity / diversity.
  • Provide basic actuarial services in order to fulfill routine business requirements.
  • Performs statistical analysis, model and analyze data and develop models/programs for model building and analyses; interpret results of models and analyses.
  • Compile and categorize data, documents and verify factors and assumptions used in computations to ensure robust output.
  • Develops risk based capital models as well as parameterization and allocation activities to support actuarial services.
  • Participate in the evaluation and review of new/proposed processes and systems, where analysis is conducted to support the implementation of upgraded systems.
  • Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to build value-adding, relevant technical knowledge.
  • Work with actuarial colleagues in becoming familiar with company operations, business objectives and actuarial methodologies in order to be able to provide analytical support across an increasing breadth of scenarios.
  • Actively pursue local actuarial qualification and demonstrate consistent progress towards designation in order to maintain the talent pipeline for Actuarial.
QUALIFICATIONS
  • Candidate must possess at least a Bachelor's Degree, Post Graduate Diploma, Professional Degree, Economics or equivalent.
  • At least 2 year of working experience in the related field is required for this position.
  • Preferably Senior Executives specializing in Actuarial Science/Statistics or equivalent.