Actuarial Jobs, Actuarial Positions, and Actuarial Employment
Actuarial Jobs, Actuarial Positions, and Actuarial Employment
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Job ID: 38486
Job Openings by Title Actuarial Pricing Executive
Location Malaysia
Description:
Position:      Actuarial Pricing Executive

Company:     Insurance
    
Location:      Malaysia

Job ID:	        38486

Responsibilities:

- Calculates actuarial best estimate reserves, planning, and profitability analyses for defined segments of insurance business.
- Performs research, loss emergence studies, and other statistical analyses.
- Ensures that the claims provisioning processes for assigned tasks are appropriately governed in accordance with Group, Regional, and Local regulatory policies.
- Calculates pricing or rate indications for new/renewal business, and assist in price monitoring, planning, and profitability analyses for defined segments of insurance business.
- Performs research, experience studies and other statistical analysis.
- Prepares premium rate filings, schedules of statistics/statistical analyses, and financial statements.
- Tests and maintains pricing models and tools.
- Performs experience investigations and data validation.
- Establishes and runs actuarial cash flow models for use in actuarial reporting.
- Provide support for calculation of statutory reserves and financial valuations.
- Provides product development and pricing support.
- Executes and tests pricing models.
- Solves problems on portfolios with a limited level of complexity / diversity.
- Provide basic actuarial services in order to fulfill routine business requirements.
- Performs statistical analysis, model and analyze data and develop models/programs for model building and analyses; interpret results of models and analyses.
- Compile and categorize data, documents and verify factors and assumptions used in computations to ensure robust output.
- Develops risk based capital models as well as parameterization and allocation activities to support actuarial services.
- Participate in the evaluation and review of new/proposed processes and systems, where analysis is conducted to support the implementation of upgraded systems.
- Demonstrate increasing knowledge of relevant actuarial disciplines and procedures to build value-adding, relevant technical knowledge.
- Work with actuarial colleagues in becoming familiar with company operations, business objectives and actuarial methodologies in order to be able to provide analytical support across an increasing breadth of scenarios.
- Actively pursue local actuarial qualification and demonstrate consistent progress towards designation in order to maintain the talent pipeline for Actuarial.

Qualifications:

- Candidate must possess at least a Bachelor's Degree, Post Graduate Diploma, Professional Degree, Economics or equivalent.
- At least 2 year of working experience in the related field is required for this position.
- Preferably Senior Executives specializing in Actuarial Science/Statistics or equivalent.

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