Senior Actuarial Analyst

Location: 

Kuala Lumpur, 14, MY

Job Type:  Full-Time
Work Mode:  Hybrid
Job Level:  Professional
Job ID:  12602
Company:  Munich Re
Employment Type:  Regular
Area of Expertise:  Actuarial & Risk Management
Description: 

Your Job

  • Conduct and complete experience studies via AXIS for agreed treaties/products, including coordination with regional actuarial teams for review and approval.
  • Support Solvency II, IFRS and Local Statutory reporting to ensure accurate and timely submissions.
  • Coordinate and perform regular experience monitoring, treaty performance analysis and assumption reviews.
  • Coordinate and complete AXIS model conversions for selected treaties, including liaising with regional actuarial teams for review and approval.
  • Maintain up-to-date valuation data, actuarial models, and processes with proper documentation
  • Work closely with team members within the business unit to ensure treaties are accurately set up, valued and reported.
  • Ensure annual surplus sharing calculation is done accurately and submitted to cedants on time.
  • Provide support to Technical Accounting - Life (TA-L) on bordereaux and statement of accounts confirmation where necessary.
  • Provide input to Technical Accounting - Life (TA-L) for quarterly closing and monitoring processes.
  • Support client management in the analysis of business performance; reviewing quarterly prognosis and updating the prognosis figures in cooperation with the client managers.
  • Undertake and complete ad hoc projects requiring actuarial insight, including client consulting, product development.
  • Maintain knowledge of current actuarial developments for various valuation bases (e.g. IFRS17) and developments in the (re)insurance industry across various markets.

 

Your Profile

  • Degree in Actuarial Science, Mathematics or Statistics with 4 to 5 years of actuarial experience.
  • Progressing towards Fellowship with a recognized actuarial body (FSA, FIA, FIAA or equivalent).
  • Strong technical and analytical skills, logical and concise in approach and demonstrate attention to detail.
  • Strong MS Excel skills (can perform complex functions).
  • Knowledge of VBA and AXIS would be advantageous.
  • A pragmatic approach to business pressure and agility is essential.
  • Self-motivated and able to work within a team environment, with a focus on outcome.
  • An understanding of the products and insurance environment in at least one Takaful market is essential.
  • Strong communication skills in English, both written and verbal.


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