You will be the key person to assist in actuarial statutory functions supporting the Appointed Actuary in carrying out his/her duties, with IFRS17 reporting work, and to support management and business operations in accordance with relevant regulatory requirements and actuarial standards.
1. Reserve Valuation
- Assist in preparing the Report on Reserves for General Insurance business.
- Assist in performing analysis on the RBC quarterly and year-end insurance liabilities provision.
- Assist in the communication of results of the reserve review to the Reserve Committee and Board of Directors.
2. Financial Condition Report (FCR)
- Assist in the comprehensive assessment of the companys financial condition, including but not limited to experience analysis, product pricing, capital adequacy, asset liability management, and reinsurance arrangement on an annual basis.
- Assist in the communication of key findings and recommendations of the annual FCR to the various stakeholders and follow through with implementations where necessary
3. Finance and Accounting Support
- Assist in conducting detailed expense allocation for the various business units, classes and distribution channels for profitability and pricing analysis and maintain expense allocation structure on an ongoing basis.
- Assist in the preparation of actuarial disclosures in line with IFRS requirements.
- Provide support on business planning, investments and other ad-hoc analysis as required.
4. Appointed Actuary Assessments
- Assist in conducting independent review of pricing in line with regulatory requirements.
- Assist in conducting solvency projection on an annual basis.
- Assist in providing recommendations on the companys asset and liability management.
- Assist in reviewing and providing recommendations on the companys reinsurance arrangements.
5. IFRS17 Reporting
- Assist in database management and actuarial modelling.
- Assist in regular IFRS17 reporting and analysis.
6. Any other task / project as assigned by the superior.
To be successful in this role, you will need to have:
- Degree holder in Actuarial Studies or related fields.
- Good exam progression with either the Society of Actuaries (USA) / Casualty Actuarial Society (USA) / Institute of Actuaries (UK) / Institute of Actuaries of Australia (Australia).
- Fresh graduates are encouraged to apply.
- Analytical with good problem solving skills.
- Strong attention to details.
- Willingness and quick to learn new ideas, skills and knowledge.
- Good communication skills - written and spoken.
Benefits:-
Medical, Education Support, Dental Vision, Insurance Coverage, Car and Housing Loan Interest Subsidy, Hybrid Workplace (depends to nature of role), Birthday Leave, Long Service Award, Company Annual Dinner, Sport Club.
We are supportive of our actuarial staff professional development and qualification journey which includes exam leave, study leave, study material sponsorship and exam fee sponsorship.
If you are passionate, motivated and ready for a new challenge, we&aposd love to welcome you. Submit your application today!
Disclaimer: We appreciate your interest to join us. Your application is Kept In View if you do not hear from us within 14 days of submitting your application.
