Job Listing

Responsibilities
Financial Analysis and 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 Canadian 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 6-10 years of relevant experience.
- Good knowledge of actuarial principles and Malaysian regulatory framework for life insurance and family takaful
- Good understanding of ALM knowledge e.g. asset/liability durations, liquidity coverage ratio and risk sensitivity - Excel spreadsheet management, data extraction programming, Prophet actuarial software
- Good analytical skills
- Solid communication skills to effectively communicate with different stakeholders
- Confidence in making presentations to senior management