Job Listing

Job Purpose
Drive the oversight of asset-liability management (ALM) to provide management with actionable insights, support effective risk management, and contribute to the company's strategic and financial objectives

Responsibilities
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.

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 contribute to the Appointed Actuary’s Report annually

Financial Planning
- To support the annual Business Plan, Financial Condition Testing (FCT) and Strategic Plan projections..

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 Science or similar
- Qualified or nearly qualified actuary (with steady progress in actuarial exams) in one of the internationally recognized actuarial institutions
- At least 6 years’ experience in the actuarial field in direct insurers or takaful operators
- 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 communication skill e.g. able to communicate effectively with colleagues within the Actuarial team and from other divisions.
- Confidence in giving presentations
- Competent user of AI tools such as Copilot
- Experience with Prophet modelling software is desirable