Administration
1. Valuation & Financial Reporting: (15%) - Perform valuation process in different actuarial frameworks (Local statutory reserve, Value of New Business, Source of Earnings…) - Perform Budget Planning / Forecasts and monitor and analyze actual performance against the plan. 2. Inforce Management: (15%) - Perform regular and ad-hoc reports on Claim rates (mortality & morbidity) and Persistency. - Perform assessment on Common Actuarial assumptions, including studies and assumption setting for Mortality/Morbidity rates, Expense, Persistency, and Economic assumptions. Propose and provide an impact assessment of relevant assumption changes, if any. - Reinsurance management: new quotation analysis, treaty review, and reinsurance administration. 3. Modelling and Actuarial business solutions: (10%) - Modeling of life insurance products in Prophet, performing validation with the pricing model, and ensuring compliance with local regulations and international standards. - Assets and liabilities management (ALM): measure, identify, and propose solutions to reduce ALM risk. - Distribution compensation scheme: set up models and perform various scenario testing. Monthly accrual commission calculation and booking. 4. Projects and Initiatives (60%) - Contribute to the implementation of new reporting standards (IFRS17, RBC, Embedded Value) - Enhance Business Intelligence & Analytical capabilities by leveraging new technologies (Python, R, PowerBI, Tableau)
- Bachelor's/Master's of Actuarial, Mathematics, Finance, or related major - At least 1-2 years of relevant working experience in the Actuarial domain
Benefits will be shared in details for successful candidates.
Prioritize candidates who can onboard as soon as possible.