Valuation Actuarial Analyst from a Life Reinsurer (Malaysia)
Responsibilities
- Perform monthly valuation work for US GAAP and Statutory requirements for assigned markets, prepare necessary summary reports of the monthly valuation results and explain movements in reserves
- Assist senior colleagues in gathering inputs required for preparing the regulatory forms and filings
- Perform experience analysis with most recent data on annual basis on different lines of business and reconcile results with results from previous years as well as the financials
- Work with International Experience Study team and ensure all the best practices are implemented
- Perform a review of the valuation best estimate assumptions and update the documentation basis the experience analysis results and other analysis performed
- Collaborate with pricing team and admin team to gather necessary inputs for the purpose of building and updating models for assigned markets
- Review the assumptions used in models with those documented for the valuation basis and reconcile the cashflows generated from the models by replicating them in spreadsheets and feeding the findings to the colleague building the models
- Develop reporting calendar and maintain it
- Identify policy data issues and work with admin team to fix the issues
- Standardize and document all the analysis process
- Support the senior members of the team to develop Business Plan and work related to Embedded Value and Economic Capital
- Work on an any project that may arise from time to time
Requirements
- Up to 4 years’ relevant experience in the Actuarial area
- Bachelor’s Degree in Actuarial Studies or equivalent and progress towards actuarial examinations;
- Prophet modeling experience and a strong understanding of Excel, VBA and SQL are preferred;
- Strong analytical and data management skills, attention to detail, and ability to manage multiple projects simultaneously; and
- Highly motivated, conceptual thinker who is able to collaborate in a team environment or work independently in a wide variety of assignments.