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What You Will Expect
This role provides quantitative and analytical support to the Appointed Actuary in preparing local Risk-Based Capital (RBC) reports, ensuring compliance with regulatory requirements and alignment with AIA’s governance standards.
What You Will Do
General Insurance Valuation
- Plan and work efficiently to ensure timely completion of Appointed Actuary related tasks, including Statutory Valuation and Financial Condition Report, in compliance with BNM and Group Office requirements, as well as MFRS17 requirements.
- Ensure compliance to regular regulatory submissions, such as quarterly RBC forms and data submission requirements.
- Perform additional analysis on the reasonableness of results, investigate trends and significant movements, and provide meaningful insights to key stakeholders on the work performed.
Capital Management
Monitor Capital Adequacy Ratio (CAR) monthly, identifying and understanding any deviations and performing additional analysis where required.Conduct stress tests for local and Group Office requirements.Provide clear updates with insightful commentary to stakeholders on the movements of CAR and results of stress testing.Perform capital projections for ad-hoc analyses and strategic purposes for key stakeholders.Actuarial Operations & Stakeholder Engagement
Provide statistics and analytics for supported functions, such as reinsurance and investment, including the annual Strategic Asset Allocation (SAA) review.Perform internal controls / reconciliation to ensure quality results are produced and provide explanation for any material discrepancy.Actively communicate with the Appointed Actuary and other internal and external parties on valuation-related matters.Plan and execute process improvement / enhancement where necessary to improve efficiency.Attend to BNM / Group / Local Management / Board of Directors / Auditors requests and / or queries within agreed turnaround time.What You Will Need
Bachelor’s degree in Actuarial Science , Mathematics , Statistics , or a related discipline.Minimum 7 years of actuarial experience , preferably within the General Insurance industry.Solid progress in professional actuarial examinations (e.g., SOA, IFoA, or equivalent).Strong proficiency in Microsoft Office , particularly Excel.Experience with programming or data analysis tools such as SAS , SQL , R , VBA , or similar is preferred.Excellent technical and analytical skills , with the ability to interpret complex data and develop sound actuarial insights.Strong verbal and written communication skills , with the ability to present findings clearly to both technical and non-technical stakeholders.Self-motivated, results-oriented , and solution-focused , with a proactive approach to problem-solving.Referrals increase your chances of interviewing at AIA Malaysia by 2x.
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