A. JOB PURPOSE:

Produce the actuarial valuation and analysis for financial reporting under multi-reporting standards, responsible for producing the financial KPIs, business plan, and regular forecasting to assist the financial management.

B. KEY RESPONSIBILITIES:

1, Valuation & Financial Reporting: (15%)

• Perform valuation process in different actuarial frameworks (Local statutory reserve, Value of New Business, Source of Earnings…)
• Perform Budget Planning / Forecasts and monitor and analyze actual performance against the plan.

2, Inforce Management: (15%)

• Perform regular and ad-hoc reports on Claim rates (mortality & morbidity) and Persistency.
• Perform assessment on Common Actuarial assumptions, including studies and assumption setting for Mortality/Morbidity rates, Expense, Persistency, and Economic assumptions. Propose and provide an impact assessment of relevant assumption changes, if any.
• Reinsurance management: new quotation analysis, treaty review, and reinsurance administration.

3, Modelling and Actuarial business solutions: (10%)

• Modeling of life insurance products in Prophet, performing validation with the pricing model, and ensuring compliance with local regulations and international standards.
• Assets and liabilities management (ALM): measure, identify, and propose solutions to reduce ALM risk.
• Distribution compensation scheme: set up models and perform various scenario testing. Monthly accrual commission calculation and booking.

4, Projects and Initiatives (60%)

• Contribute to the implementation of new reporting standards (IFRS17, RBC, Embedded Value)
• Enhance Business Intelligence & Analytical capabilities by leveraging new technologies (Python, R, PowerBI, Tableau)

C. QUALIFICATIONS:

• Bachelor's/Master's of Actuarial, Mathematics, Finance, or related major
• At least 1-2 years of relevant working experience in the Actuarial domain

• Degree: Bachelor
• Job type : Permanent
• Age: Unlimited
• Salary: Competitive