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- Posted 21 June 2024
- SalaryNegotiable
- LocationKuala Lumpur
- Job type Permanent
- DisciplineBanking & Financial Services
- Reference274130_1718955894
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Actuarial Assistant Manager / Manager - Reporting & Analytics
Job description
Job Scope
Support the Head of BNM Reporting & Analytics in achieving long-term financial stability by managing reserves effectively, reviewing financial projections, and ensuring compliance with Bank Negara Malaysia's Risk-based Capital Framework (RBC) and the Group's guidelines and standards.
Main Responsibility
- Establish a robust actuarial valuation process for the Company that complies with both BNM's RBC framework and the Group's guidelines.
- Implement rigorous controls by periodically validating methodology, data points, processes, and outcomes for actuarial reserves and valuations as per guidelines.
- Ensure the adequacy and efficiency of reserves through accurate actuarial projections and analyses.
- Validate and review business plans of existing operations from an actuarial perspective including loss ratios selection and reinsurance optimisation etc
- Work with local teams for timely completion of Financial Condition Report
- Conduct ad-hoc investigations and analyses as required by Management / Board
- Perform other duties and responsibilities as assigned by Direct Manager
- Ensure appropriate and accurate information is provided to the Group and Regional Office in a timely manner, as assigned by Direct Manager
- Ensure consistency in processes and policies for compliance to relevant statutory regulations of the Central Bank and Group guidelines pertaining to Actuarial function
Requirements:
- At least 4 years of actuarial working experience
- Understand local insurance markets and BNM's requirements
- Preferably a Degree in quantitative discipline such as Actuarial, Finance, Econom-ics, Statistics, Insurance, Risk Management etc.
- Member of an Actuarial Institute or Society recognised by Insurance Act 1996/Fi-nancial Services Act, with good progress in passing Actuarial Professional Examinations
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