• Manager, Actuarial Valuation (Takaful Reporting) Jobs in Malaysia - 987107



    Sun Life Malaysia Assurance Berhad
  • 8 - 10 Years
  • Malaysia - Kuala Lumpur - Jalan Tuanku Abdul Rahman
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  • Posted above 1 month
  • Job Views: 16
  • Job Applicants: Less than 10

Job Description

Job Purpose

To provide accurate and timely financial information to the Appointed Actuary and key stakeholders for a better decision making To monitor company’s profitability and solvency position on a regular basis

Responsibilities

Family Takaful Reporting
• To ensure timely submission of BNM and ISM reports / statistics
• Timely computation of monthly reserving and preparation of valuation report (quarterly)
• To monitor RBCT results on monthly basis; and to formally submit to BNM on quarterly basis
• To review Stress Test and Financial Condition Report (FCR), and ensure timely submission
• To support Risk team in conducting the half-yearly risk limits monitoring/review
• To monitor Asset Liability Management on a regular basis
• To support the yearly preparation of financial statements
• To address queries from auditors, BNM or any other stakeholders
• To support the annual review of Portfolio Policies & Parameters
• To review Individual Target Capital Level (ITCL), and Capital Management Plan (CMP) annually

New Product Initiatives

• To review Business Requirement (BR) for system setup
• To review User Acceptance Test (UAT)

Investment Profit and Tabarru’ Surplus Distribution

• Timely and accurate computation of investment profit and tabarru’ surplus distribution to participants for takaful business
• Ensure company policy on tabarru’ surplus distribution/investment profit allocation is up-to-date and distribution has been conducted in line with the policy

Experience Study

• To monitor the persistency, expense, mortality, and morbidity experience
• To complete Assumptions and Methodology Changes in Q3, in line with Sun Life’s practice

Requirements
Candidate must possess at least a Bachelor's Degree in Actuarial SciencePassing of preliminary actuarial examinationsAt least 6-8 year(s) of working experience in the related field is required for this positionFull-Time position(s) available

Profile Summary

Type:Company Job

Role:Manager

Industry:Insurance

Salary:Not Disclosed

Deadline:22nd Jan 2020

Company Profile

Sun Life Malaysia (Sun Life Malaysia Assurance Berhad and Sun Life Malaysia Takaful Berhad) is a joint venture by Sun Life Financial Inc. and Avicennia Capital Sdn. Bhd., a fully owned Khazanah Nasional Berhad investment holding company, specialising in Insurance and Takaful.
Sun Life Malaysia offers a comprehensive range of life insurance and Takaful products and services to Malaysians across the country and is focused on helping clients achieve lifetime financial security and live healthier lives. Sun Life Malaysia distributes its products through a range of distribution channels including bancassurance, agency, direct marketing, telemarketing and government and corporate business.
Sun Life Financial is a leading international financial services organisation providing a diverse range of insurance, wealth and asset management solutions to individuals and corporate Clients. Sun Life Financial has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of 30 September 2017, Sun Life Financial had total assets under management of CAD$934 billion. For more information, please visit www.sunlife.com.

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