Senior Actuarial Analyst from a Consulting Firm (Malaysia)
About the job
The job holder will be part of the Actuarial consulting team to participate in a wide range of projects including:
Mergers and Acquisitions
- Lead advisor on small, medium and large merger and capital raising projects
- Due diligence support including appraisal valuation advice and data room support
- Determining prospective companies for M&A activity
IFRS 17
- Providing support to insurers on IFRS 17 implementation, such as interpretation of guidelines, Drafting (or review) of technical and position paper, gap analysis, Internal model construction, financial impact assessment, assessment of Liabilities on an IFRS 17 basis, support in transition to IFRS 17, and providing insights on market best practices
Reserving and RBC
- Play an instrumental role in the development of techniques for determining reserves and establishing appropriate risk margins for RBC for clients.
Product Pricing and Premium Rating
- Pricing of general insurance business, using both traditional premium rating techniques as well as the more sophisticated techniques such as generalised linear modelling (GLM).
Capital Modeling
- Involved in the development and implementation of Risk Based Capital (RBC) across Asia Pacific and have a thorough understanding of the workings of each country's framework as well as the overall concept of RBC. To build Dynamic Financial Analysis (DFA) models using stochastic simulation techniques to estimate an insurer's optimal capital levels.
Reinsurance Optimisation
- Assessing an insurer's optimal level of reinsurance cover using sophisticated modelling tools (such as DFA) as well as industry benchmarks and traditional retention analysis techniques.
Requirements:
- Minimum 4 years of experience in the GI actuarial team of direct insurer or an actuarial consulting firm
- Good progress in the actuarial exams under either the Institute and Faculty of Actuaries (UK), the Society of Actuaries (US) or the Institute of Actuaries of Australia
- Depth of experience in reserving and IFRS 17. ICAAP experience will be a big plus.
- Good understanding of economic or market issues and the ability to interpret their impact on clients
- Strong interpersonal and presentation skills
- Experience in working in a project-based, team-oriented environment, with a proven track record of managing teams and delivering in face-paced and demanding environment
- Be an influential member of the team, contribute to our positive learning culture, coach and mentor junior team members and help them to develop