Duties & Responsibilities
Actuarial
Valuation: Validating data and performing actuarial valuation, including
setting up valuation models and estimating actuarial liabilities (UPR, OCR,
IBNR, IBNER, DAC, UARR, ULAE, etc.) to ensure that the company’s financial
statements are accurate and comply with regulatory requirements.
Insurance
Contract Pricing: Reviewing pricing of insurance contracts/products and
developing pricing calculators to ensure that they are priced competitively and
meet business objectives.
Product
Performance Review: Assessing sales volumes, claims experience, expenses, and
distribution setup to identify areas for improvement and ensure that products
are meeting business objectives.
Product Development: Conducting research, developing pricing models, conducting profit testing, and other actuarial modeling/testing to ensure that products are priced appropriately and are profitable.
Risk-Based
Capital Modeling: Computing risk-based capital on a monthly basis and advising
management accordingly to ensure that the company has adequate capital to
support its operations.
External
Actuary Liaison: Liaising with external actuaries and providing them with the
necessary information, documents, and records to execute their work in a timely
manner. Working with external actuaries to provide value-adding reports to the
business.
Management
Reporting: Supporting the preparation of monthly management reports.
Annual
Financial Statements and Board Papers: Supporting the preparation of annual
financial statements, board papers, annual budgets, and other strategic plans.
Any
other duties as assigned by supervisor.
Qualifications
Bachelor’s
Degree in either Actuarial Science, or Data Science, or Statistics, or Computer
Science, or any other related field.
Proficiency
in Word, Advanced Excel, PowerPoint.
Good
programming skills: Oracle BI/Python/R/C++/Power BI.
Good
knowledge of regional financial and insurance regulatory requirements.
Strong
communication and writing skills, and proficiency in English.
Displays
high motivation, flexibility, adaptability, initiative, and self-drive, and is
a fast learner.
Ability
to work independently and collaboratively within a team environment.
Strong
organizational and time management skills, with the ability to manage multiple
tasks and meet tight deadlines.
Professional Qualifications
Progress
in Professional Examinations, with at least 4 papers completed.
Experience
At
least 2 years of relevant actuarial experience, preferably in the insurance
industry.
How To Apply
Apply before or on 31st
Jan 2024
