Senior Analyst, Group Actuarial job in Kuala Lumpur

Kuala Lumpur FWD Group Management Holdings Limited

Job Ref:	R-0019298
Employer:	FWD Group Management Holdings Limited
Sector:	Life Insurance Investment
Qualifications:	Part Qualified Actuary
Software:	Prophet
Job Type:	Full Time
Salary and Benefits:	Competitive
Remote:	No
Location
Country:	Malaysia
City:	Kuala Lumpur
Post Code:	Not specified
Map:	(Show on map)
Description
About FWD Group FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance. For more information please visit www.fwd.com FWD Technology and Innovation Malaysia Sdn. Bhd., known as FWD TIM, was set up in late 2019 and is part of the FWD Group. FWD TIM in Malaysia is one of the FWD Group's office locations serving multiple markets within FWD Group and employing team members in various functions including Group Digital & Data, Digital Innovation, the IT Hub and our Centre of Excellence comprising Actuarial, Finance and Product Proposition functions. PURPOSE Responsible to develop and maintain the centralised Actuarial models independently and ensure compliance with the Group Model Governance policy as well as support the Actuarial initiatives/projects independently as required by Group Actuarial / business units (BUs). KEY ACCOUNTABILITIES 1. Provide guidance to junior team members in their daily tasks 2. Support the development and maintenance of the Centralised modelling services by/ through: Independently performing the development and maintenance of the centralised Actuarial models for business units, and ensure quality and on-time work delivery; Demonstrating an in-depth Prophet modelling skills in the Model design, build, coding and testing and effectively apply the skills throughout the development, execution and improvement of modelling process; Working in close collaboration, interaction and independently with business units to deliver defined Prophet modelling services within the agreed scope and provide regular modelling service progress; Exercising judgement using established practices and skills to perform modelling checking and regression tests, define and communicate model change impacts and mitigation actions, as well as maintain model documentations for key stakeholders; Escalating modelling issues to the Country Model Lead on a timely manner; and Implementing the Group Model Governance policy including the model documentation, modelling process and controls 3. Support the SME & Model Reviewer in: Conducting in-depth model review on models change made by HK, TH, JP and any other assigned countries Conducting the independent review of developed actuarial models against established governance standards, to ensure models compliance and overall controls; Performing technical review of actuarial models and validation results, as well as identify potential risks and issues from the review process; and Preparing the feedback on modelling review results, and outline potential gaps. 4. Contribute as an experienced project resource in supporting the Actuarial services or resources on projects basis including but not limited to developing and maintaining ALS model for asset and liability management, economic capital (EC), HKRBC reporting, IFRS17 and any other assignment from Group Actuarial 5. Process the major request/incident, while guide junior team to process the BAU request/incident on Prophet Enterprise and related calculation engines on Cloud, and assist the senior advisor to maintain a clean and auditable production environment KEY PERFORMANCE INDICATORS Effectiveness of the model maintenance process and project delivery Value added to local business units EXTERNAL & INTERNAL CONTACTS Group Actuarial Local function head, managers and associates Head of TIM Actuarial and Actuarial Advisors in TIM QUALIFICATIONS / EXPERIENCE 3 to 5 years insurance experience in actuarial functions is preferred Bachelor's degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major Good progress in internationally recognised actuarial professional examinations KNOWLEDGE & TECHNICAL SKILLS Good Prophet modelling and coding skills Good understanding of Actuarial valuation processes, statutory and traditional EV, knowledges on EC/RBC and IFRS17 are preferred OUR COMPETENCIES Teamworking Good analytical skills Good problem-solving skills Good communication and interpersonal skills Good in English speaking and written skills OTHERS Flexible to travel

ref: (R-0019298) 22 hours ago

Back to search results

Featured Jobs

MORE JOBS LIKE THESE

Senior Analyst, Group Actuarial job in Kuala Lumpur

Kuala Lumpur FWD Group Management Holdings Limited

Location

Description

Featured Jobs

JOBSEEKERS

EMPLOYERS

ABOUT PROACTUARY

POPULAR JOBS

ADDRESS

Registration Number