Takaful Valuation Assistant Manager from a Life Insurer (Malaysia)
KEY ACCOUNTABILITIES
- Accurately determine the statutory reserve, capital level, sensitivities for regulatory, management reporting within agreed timeline.
- Accurately determine the EV and VNB for management and group reporting within agreed timeline.
- Accurately determine the retakaful contribution and recoveries and also prepare Bordereaux within agreed timeline.
- Continuously improve the efficiency and controls on producing the required reports.
- Ensure that all valuations are perform in accordance to regulatory requirement and group policies.
- Perform experience studies (including detail monitoring) and highlight any trends observed to management.
- Ensure the surplus distributable are computed in accordance to internal policy and accurately.
- Review and coordinate the retakaful treaty for new and inforce treaties while ensuring it comply with internal policies.
- Perform UAT and Dry-runs for actuarial model changes and well documented.
- Assist in projected assigned.
QUALIFICATIONS / EXPERIENCE
- Bachelor of degree or equivalent, in Actuarial Studies or Mathematics
- At least 4-5 years Actuarial Experience with at least 3 years in Actuarial Valuation / Reporting
- Proficiency in Excel
- Experience in Prophet modelling an advantage but not essential
KNOWLEDGE & TECHNICAL SKILLS
- Sound technical actuarial knowledge in both valuation and modelling
- Highly analytical and inquisitive with attention to details
- Able to work independently and within a team
- Results driven and adaptable with good interpersonal and strong written and communication skill