Assistant Manager, Actuarial (Takaful)

Responsibilities : -

Assist head of valuation and appointed actuary in all valuation-related tasks including :-

  • Preparation for IFRS17 (data requirements, Prophet modelling and parallel runs)

  • Group-level actuarial initiatives encompassing experience studies, modelling and reporting

  • Review of BNM statutory submissions (RBCT, TOSS, Financial Condition Report)

  • Interpret valuation results and provide insight on capital adequacy, capital efficiency and profitability to management

  • Financial projections related to ICAAP including stress tests

  • Improvement and enhancement of valuation processes to ensure results can be produced accurately and quickly

  • Guiding more junior team members

  • Expanding the scope of experience studies and relating results to Takaful operator’s financial performance

  • Determination and distribution of underwriting surplus and investment profit to participants

  • Various internal and external actuarial audits

  • DCS and Prophet modelling

  • Retakaful administration

  • Ad-hoc requests from Group Office, auditors and regulators

Requirements :-

  • at least 2-4 years of valuation experience, which must include statutory reporting and modelling

  • at least an Associate of a recognised actuarial professional body

  • attention to detail

  • able to work independently and under pressure

  • proficient in using Prophet, Microsoft Excel and/or Microsoft Visual Foxpr

Email resume to Consultant

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