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Experienced Associate - Life Actuarial Modeling (PwC Acceleration Center Kuala Lumpur) job in Kuala Lumpur

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Kuala Lumpur PricewaterhouseCoopers

Job Ref:  528709WD
Employer:  PricewaterhouseCoopers
Sector:  Professional/Financial Services
Actuarial Consultancy
Investment
Qualifications:  Part Qualified Actuary
Software:  Axis
Excel
PowerBI
Prophet
Python
SQL
Tableau
VBA
Job Type:  Full Time
Salary and Benefits:  Competitive
Remote:  No

Location

Country:  Malaysia
City:  Kuala Lumpur
Post Code:  Not specified
Map: 

Description

Line of Service
Assurance

Industry/Sector

Specialism
Actuarial Services

Management Level
Associate

Job Description & Summary
A career within Actuarial Services, will provide you with the opportunity to contribute general insurance advice and consulting services to clients such as insurers, banks, regulators, and third party administrators. You'll provide advice covering solvency, economic capital, risk management, mergers and acquisitions, company restructuring and risk control, financial modelling, underwriting, new legislation, and the efficiency of claims or reporting processes. Simply put, you might help analyse the impact that new regulation will have on an insurance company's balance sheet or you could be revising businesses' projections and making sure they have adequate reserves.

To really stand out and make us fit for the future in a constantly changing world, each and every one of us at PwC needs to be a purpose-led and values-driven leader at every level. To help us achieve this we have the PwC Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.

As an Associate, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution. PwC Professional skills and responsibilities for this management level include but are not limited to:
  • Invite and give in the moment feedback in a constructive manner.
  • Share and collaborate effectively with others.
  • Identify and make suggestions for improvements when problems and/or opportunities arise.
  • Handle, manipulate and analyse data and information responsibly.
  • Follow risk management and compliance procedures.
  • Keep up-to-date with developments in area of specialism.
  • Communicate confidently in a clear, concise and articulate manner - verbally and in the materials I produce.
  • Build and maintain an internal and external network.
  • Seek opportunities to learn about how PwC works as a global network of firms.
  • Uphold the firm's code of ethics and business conduct.


You will play an integral role in supporting our life, annuity, and health clients in a variety of ways which includes the following but are not limited to:

  • Supporting the audits of several of the largest insurers in the world. This includes public, private and mutual insurers. It also includes the insurance operations of several banks and private equity firms.
  • Primarily using Axis and Prophet but also using other vendor software or work on models developed by our clients.
  • Designing, building and testing new models for our clients. We also convert existing models to models supported by other vendors. The models are used for financial and capital reporting, testing client's models, and mergers and acquisitions activities.
  • Using these actuarial models, our team also performs valuation and reporting services for our clients as part of our managed service offering.


Specific responsibilities include but are not limited to:
  • Participating in a wide range of projects and collaborating across multiple work streams or teams; consistently demonstrating creative thinking, individual initiative and timely completion of assigned work.
  • Consistently demonstrating teamwork dynamics by working as a team member: understanding personal and team roles; contributing to a positive working environment by building solid relationships with team members; proactively seek guidance, clarification and feedback.
  • Ability to prepare deliverables within stringent deadlines.
  • Keep up to date with local, national and international business and economic issues.
  • Contribute to the development of your own and team's technical acumen.
  • Serve as participant on communications with numerous Engagement teams


A career in this practice will provide you the opportunity to help organizations by providing actuarial and insurance services. You will have the opportunity to specialize in some of the following:
  • Demonstrating proven thorough knowledge of, and/or success in managerial roles involving, technical actuarial subject matter specialization, especially in Life industry and regulatory developments.
  • Demonstrating some proven knowledge of database structures and data process flows.
  • Demonstrates some proven abilities and/or success with using actuarial software, preferably Axis or Prophet.
  • Demonstrating some proven abilities and/or success as a team leader: creating a positive environment by monitoring workloads of the team while meeting client expectations and respecting the work-life quality of team members; providing candid, meaningful feedback in a timely manner; keeping leadership informed of progress and issues; answering questions and providing direction to less-experienced staff.
  • Demonstrating some proven level abilities and/or success with writing, communicating, facilitating, and presenting cogently; to and/or for all levels of industry audiences, clients and internal staff and management.


Requirements
  • Bachelor's in Actuarial/ Finance/Economics/Mathematics/ Statistics (B. Com, B.A (Economics) B.Sc. with Economics / Mathematics / Statistics Hons) with focus on actuarial methods and principals along with following certifications / degree:
  • Actively pursuing Membership / Associateship of the Institute and Faculty of Actuaries / Society of Actuaries (or equivalent) with a minimum of 4-5 Actuarial Exams
  • Work Experience ranges as below:
  • Associate - 0 to 1 years for the members / associate of Actuarial Institutions
  • Associate 2 - 1 to 2 years for the members / associate of Actuarial Institutions
  • Experience working with actuarial softwares (Prophet/Axis) is preferred
  • Advance knowledge on Microsoft Office especially Excel
  • An additional knowledge of either of the following would be preferred:
  • Data Analytics - Python, SQL
  • Visualization Tools (Tableau, PowerBI, QuickSight)
  • VBA programming
  • Proficient written and verbal English communication skills
  • Commitment to continuous training and to proactively learn new processes
  • Team player - committed to providing high quality and maintaining timeliness
  • Demonstrated self-motivation and a desire to take responsibility for personal growth and development.


Additional application instructions
Please attach the following documents along with your CV when you submit an online application:
  • Academic Certificates and Transcripts, from SPM onwards (or equivalent)
  • A copy of your NRIC or passport
  • Recent passport size photo


Click on this link to know more about PwC's Acceleration Centers

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