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Jobs in Malaysia   »   Jobs in Malaysia   »   Science / R&D / Research jobs   »   Actuarial Senior Executive

Actuarial Senior Executive




Actuarial Service Centre Asia Pacific (ASCAP) is a regional Centre of Excellence for Zurich Insurance Group, providing actuarial modelling, reporting and consulting services to the Zurich APAC regional office and Business Units (Australia, HK, Singapore, Malaysia, Japan, Indonesia, Taiwan) in the APAC region.

We are looking for a Life Insurance valuation and modelling actuary for the development of financial models, MCEV & NBV and IFRS reporting, calculation of insurance reserves and risk analysis (e.g. economic capital), etc. as well as projects for Business Units, Regional and the Group.

This is an excellent opportunity to work with a spirited and highly capable team, and work closely with other actuarial teams in the APAC region within Zurich Insurance Group. It is also excellent opportunity to gain exposure to the full spectrum of actuarial valuation work and project experience across the APAC region for business units at various stages of maturity.
Your role
  • Financial Modelling
    • Develop, enhance and review Prophet Models in accordance with the Prophet Development Framework
    • Produce documentation for the Prophet developments.
    • Provide guidance to junior actuaries for Prophet modelling activities.
  • Financial Reporting
    • Embedded value and Risk Analysis : produce Market Consistent Embedded Value and Economic Capital analysis and report.
    • Carry out local regulatory financial reporting for Business Units in the region.
    • Analyse results and provide insight to stakeholders in both the Asia Pacific business units and Corporate Centre, taking into account relevant business context.
  • Advisory and Consulting
    • Provide ad hoc support to Business Units in the region on business planning, experience studies and assumption setting, capital modelling etc.
    • Provide project (e.g. M&A) support to Business Units and APAC regional office.
    • Assist methodology development and production of analysis of profit.
    • Identify areas for improvement in modelling and reporting processes and drive improvement initiatives.
    • Coaching and development of junior members.
Your Skills and Experience
  • Minimum 3  years of relevant working experience in the life insurance industry  for senior role
  • Fresh graduate are also encourage to apply
  • Degree qualified, preferably in Actuarial studies
  • Good progress towards professional qualification with an internationally recognised body (SOA, IA, IAA)
  • Experience in Prophet modelling is essential, knowledge of stochastic modelling, VBA/SQL programming is a bonus
  • Familiarity with embedded value and economic capital concepts
  • Knowledge of accounting concepts including an understanding of revenue accounts and balance sheet
  • Knowledge of statistical and actuarial tools and techniques  
Who we are
Looking for a career that will excite, challenge and inspire you? Thinking about insurance? Perhaps you should. Working for us is a totally different experience to what you probably expect. How do you feel about the things you truly love? Don’t you want to protect them in the best way possible? Imagine if you could help people do this all over the world. You’d give them confidence and reassurance by protecting what they love most. This is no easy task. In today’s interconnected world, tackling risk is fast, unpredictable and invigorating. You’ll have to think on your feet as you manage risks big and small, from flooding to cyber crime. You’ll be tackling issues like these in over 170 countries. It’s a big challenge, but you’ll have a truly diverse network helping you. As part of an international team, every day would provide opportunities to learn, grow and share ideas.
As you make an impact across borders, you’ll feel the support of being part of a strong and stable company. A long-standing player in the insurance industry, we make every effort to address the career development needs and plans of our employees to ensure their success in the future.
So make a difference. Be challenged. Be inspired. Be supported, Love what you do. Work for us.
Zurich Insurance has the policy to be an equal opportunity employer. We aim to attract and retain the best qualified individuals available, without regard to criteria such as race/ethnicity, natio
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