Job Listing

Job Purpose
- Perform Financial Planning & Analysis, including new business and KPI reporting,
business/strategic plan projection, Financial Condition Testing and Appointed Actuary’s
Report, and provide useful insights to the company.
- Provide support to the ALM Lead on ALM tasks, including duration study, assessment
of sensitivity of market and insurance risks, liquidity monitoring and review of strategic
asset allocation and liquidity contingency plan, to optimise the ALM strategy of the
company.
- Perform experience studies delegated to the team to review the appropriateness of the
assumptions.
- Provide support on projects delegated to the team to find ways to add value to the
company.

Responsibilities
Financial Analysis & Reporting
- Timely delivery of reporting with good quality
- To perform monthly review of new business profitability, including value of new
business (VNB), to provide analysis of profit drivers
- To prepare slides, including monthly profitability deck, for the supervisors to present
financial results to the senior management
- To ensure the assumption changes and management action (ACMA), along with the
associated financial impact, are reported to the Regional Office on a quarterly basis
- To complete the Appointed Actuary’s Report annually for submission to the Regional
Office

Financial Planning
To work on annual Business Plan, Financial Condition Testing (FCT) and Strategic Plan
projections.
- Business Plan projections are an annual exercise to help set the KPI for the upcoming
financial year. It is leveraged for the Multi-Period Stress Test of the Financial Condition
Report.
- FCT is a regulatory requirement that requires us to stress test our business
via multiple stress scenarios prescribed by the Corporate Office. These stress
scenarios are typically more complex in nature than the local stress testing performed.
- Strategic Plan projections are an annual exercise to align the company’s strategy with
the Regional Office. Typically, these are done two quarters after Business Plan, and
would follow Business Plan projections, however, if there are any significant changes to
the business or our expectations, we can adjust the projections.

ALM
- To perform the annual Strategic Asset Allocation (SAA) review to achieve the optimal
ALM strategy.
- To review whether the asset durations are within the SAA limits and assess the duration
mismatch
- To assess the sensitivity of earnings and capital ratio from changes in financial and
operating assumptions
- To monitor the liquidity risk by assessing the liquidity coverage ratios
- To review the liquidity contingency plans annually to ensure it remains relevant and
alignment with the Regional Office
- To prepare the slides for the supervisors to present the ALM results in the
Asset-Liability Committee meetings every quarter
- To participate in the ALM Working Group (ALMWG) meeting to discuss ALM issues and
align understanding across departments within the company and the Regional Office.

Experience Studies
- To perform annual experience studies to assess the reasonableness and suitability of
existing assumptions relative to actual experience, and to update the assumptions
based on latest study.
- To prepare monthly persistency report for monitoring and provide useful insights to the
management.
- To provide support on initiatives for persistency improvement.

Ad Hoc Tasks
- To provide support to the management on ad hoc tasks delegated to the team. It
usually involves providing financial projections and assessing the impact of initiatives
on financials

Requirements
- Degree in Actuarial Mathematics or showing good progress in exam passes with a
recognised actuarial professional body
- Minimum of 6 years’ experience
- Good knowledge of actuarial principles and Malaysian regulatory framework for life
insurance
- Good understanding of ALM knowledge e.g. asset/liability durations, liquidity ratio and
risk sensitivity
- Excel spreadsheet management, data extraction programming, Prophet actuarial
software
- Good analytic skill
- Good communication skill e.g. able to communicate effectively with colleagues within
the Actuarial team and from other divisions.
- Confidence in making presentation to the seniors