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Jobs in Malaysia   »   Jobs in KUALA LUMPUR   »   Finance / Banking / Insurance jobs   »   EXECUTIVE, ACTUARIAL (1 POSITION)

EXECUTIVE, ACTUARIAL (1 POSITION)

KUALA LUMPUR

Responsibilities

  • Assist in the preparation and compilation of data for use in all aspects of actuarial work: including, but not limited to, the valuation of reinsurance/retakaful liabilities, asset-liability matching, capital modelling, pricing, underwriting statistics and any ad hoc work which may be assigned to the Actuarial Department from time to time.
  • Assist in the monitoring of catastrophe aggregate exposures.
  • Assist in the operation of pricing software.
  • Assist in the new underwriting system.
  • Assist in various portfolio monitoring analysis.
  • Assist in the internal, regulatory and rating agency capital modelling/analysis.

 

Requirements

  •  Bachelor’s degree (or higher qualification) in actuarial science/studies, mathematics or statistics – CGPA 2.5 and above (or 2nd Upper and above).
  • Some progress in actuarial professional examinations preferred.
  • Competent in Microsoft Excel and VBA.
  • Self-driven, hardworking and highly motivated.
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Company Overview

Labuan Re was incorporated in the International Offshore Financial Centre of Labuan (an island off the south-west coast of Sabah, a state in East Malaysia), on September 14th, 1992 with a paid-up capital of US$10 million. The Company was established as an international reinsurer and has over a short period of time become a major player in the Afro-Asian insurance/reinsurance industry. The authorized capital of the Company is US$500 million. The Company currently has a paid-up capital of US$150 million.

Our Business
The Company was established to write general reinsurance businesses. Subsequently, the Company also commenced writing Retakaful businesses in 2007.

Our Strengths
Well supported by 11 esteemed shareholders that include the top financial and banking groups in Malaysia, a national oil and gas player and its leading international shipping arm, a diversified conglomerate in automotive, property and construction, and the nation’s premier telecommunication provider and electricity utility player.
Management comprises of experienced and qualified personnel.

Provides a comprehensive range of support services to clients, including risk surveys, market training, reinsurance programming, and quotations for the treaties and facultative reinsurance businesses.

Our Approach
Adopts a policy of cautious growth of its business portfolio, which is derived primarily from Asia and the Middle East. As one of the leading regional reinsurance companies in South East Asia, seeks to strengthen its position in the Asian region, whilst at the same time making inroads into the global reinsurance market.
Capacity provider for a few Lloyd’s syndicates.

Our Rating
Financial strength rating of A- (Excellent) and issuer credit rating of “a-“ by A.M. Best. The outlook for both ratings is stable.

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Company Summary
LABUAN REINSURANCE (L) LTD
http://labuanre.com.my/
101-200 employees
Insurance / Pension Funding
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