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Assistant Vice President, Actuarial (FCM) at Great Eastern · Kuala…
Skills
Job Description
To be the guardian on the financial position of the Company and policyholders reasonable expectations by providing reliable financial information that strategically contributes to the Company’s solvency and return to shareholders.
• Review the modification and enhancement of Actuarial Modelling in Prophet Professional and Prophet Enterprise for reporting and capital frameworks, including IFRS17, Malaysia RBC, Malaysia RBCT, Embedded Value and Singapore RBC2. • Comply with internal model governance and validation policies. This includes reviewing procedures to maintain model integrity and appropriate model documentation. • Oversees and supervise the Actuarial Modelling enhancement process including requirements gathering, prioritization, resources planning and User Acceptance Test (“UAT”). • Explore areas for enhancement to raise the standard of current modelling process. This includes standardizing coding structures and improving model efficiency. • Participate in projects related to Actuarial Modelling. • Transfer actuarial knowledge, skills and working experience to junior staff. • As part of the leadership team, work with key stakeholders to proactively shape the organization’s culture and conduct environment that is aligned to the organization’s Core Values.
• Tertiary-Bach. in Statistics / Maths / Actuarial Studies Professional • Passed 100% of preliminary and 50% of intermediate actuarial exams in one of the actuarial associations recognised by BNM. • At least 8 years of working experience in life insurance industry with strong grasp of life insurance concept, Actuarial principles, and cross-functional knowledge. • Experienced with Actuarial Modelling using Prophet Professional and Prophet Enterprise. • Competencies such as business planning, financial modelling, risk analytics, valuation approaches and methodologies, stakeholder management, accountability, decision-making, customer orientation, developing people, developing self, exploring possibilities and teamwork.
How you succeed • Champion and embody our Core Values in everyday tasks and interactions. • Demonstrate high level of integrity and accountability. • Take initiative to drive improvements and embrace change. • Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively. • Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.
Who we are Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.
The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.
Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.