Assistant Vice President, Actuarial ServicesTakaful IKHLAS • Petaling Jaya, Selangor, Malaysia

Assistant Vice President, Actuarial Services

Takaful IKHLAS • Petaling Jaya, Selangor, Malaysia

4 hours ago

Job description

Job Responsibilities

To support the VP on modelling enhancements, controls and governance process.
To review functional checks, impact analysis and change forms for any DCS / Prophet modelling enhancement, including new product modelling and Prophet coding corrections.
To review and guide junior on annual experience studies on actuarial persistency assumptions to be used in actuarial valuation.
To provide support or revise on required ad-hoc duties pertaining to actuarial modelling and valuation requirements.
To act as project manager for assigned internal modelling project plans.
To delegate and review recurring modelling governance tasks such as User Access Reviews and Annual Model Review.
To regularly liaise with external consultant on Prophet model enhancement requirements.
To be a team player and support the MFRS17 / special projects / NBV division if resources are constrained.
To take up a leadership role and guide junior staff on actuarial fundamentals, Prophet modelling functions and reporting requirements such as RBCT, MFRS17 and NBV.

Modelling controls and governance

To initiate and supervise recurring modelling governance and control requirements on a periodic basis.

Preferably to provide input on how to enhance the existing controls to ensure a robust model checking process.

To execute the project independently and provide clear direction to the team.

DCS program and Prophet model maintenance and UAT

To review checks done by the working level on DCS program for any data extraction errors.

To develop and execute a UAT plan to ensure the Prophet model has been enhanced accurately and appropriately.

To review functional checks of the Prophet model development to ensure functionality has been developed up to expectation.

To review impact analysis to assess impact of Prophet model development.

To review monthly change forms for every Prophet model release.

Persistency experience studies

To provide input and recommend enhancements to add value to existing experience study in terms of reconciliation accuracy and efficiency of templates.

To share past experience / knowledge on how to optimize persistency assumptions for appropriate assumption setting.

Support MFRS17 / special projects / NBV division

To be a team player and give another set of working hands if other teammates are too occupied with tasks.

To evenly distribute the workload between teams in the modelling division in the actuarial services department.

Guide and teach junior staff

Priority is on Prophet modelling technical skillset.

Secondary is on actuarial fundamentals (i.e. : cashflow projection) and local reporting requirements (RBCT / MFRS17)

Qualification & Experience

Bachelor’s degree in actuarial science.

Professional

Good progress in actuarial examinations in accredited actuarial society bodies.

Experience

8 – 10 years’ experience, preferably with prior exposure to actuarial valuation managerial role, hands‑on experience with the Prophet software and / or in‑depth knowledge of the local Malaysian reporting standards.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Accounting / Auditing, Health Care Provider, and Product Management

Industries

Insurance and Financial Services

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Assistant President • Petaling Jaya, Selangor, Malaysia

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