Kuala Lumpur

Associate

Qualified

Senior Actuary

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Systems

Coding

Pricing

Valuation

Excel

Takaful

Position summary:Swiss Re is seeking a qualified actuary to join its regional P&C Actuarial Reserving team, reporting to Head Actuarial Reserving P&C SID & China.The position is responsible for the preparation of statutory filings and attending to statutory matters for the legal entity Swiss Re Asia Pte Ltd Malaysia Branch. It also fulfills the role of Signing/Appointed Actuary for the branch (both Conventional and Retakaful). Additionally, the position is responsible for leading the evaluation and preparation of group reserving for portfolios of Asia markets (Southeast Asia, India, Korea, and Greater China).Responsibilities:Specific responsibilities include but are not limited to the following:<ul><li>Take the responsibilities of the Appointed Actuary for the SRAL Malaysia branch Conventional reporting and Signing Actuary for SRAL Malaysia branch Retakaful reporting.</li><li>Lead the evaluation and preparation of group reserving for portfolios of Asia markets (Southeast Asia, India, Korea, and Greater China).</li><li>Knowledge of IFRS17.</li><li>Provide support to Appointed Actuaries for other branches in the region regarding the portfolios this position is in charge of.</li><li>Represent Swiss Re at actuarial and industry forums and maintain/forge relationships with senior actuaries in the region.</li><li>Work with regulators and internal/external auditors on routine and special matters.</li><li>Make recommendations to appropriate reserve committees and branch management.</li><li>Provide support to the Head of Actuarial & Reserving APAC for actuarial matters and statutory reporting requirements as necessary.</li><li>Support discussions with underwriting in relation to reserving feedback loops and other product analysis.</li><li>Work on other projects as assigned, including participating in internal underwriting audits.</li><li>Support other areas of the company including Finance and Planning.</li><li>Provide leadership to regional junior actuarial resources in their development of data analytics capabilities.</li><li>Supervise junior actuaries in the Kuala Lumpur office.</li></ul>Position Requirements:<ul><li>Qualified Actuary.</li><li>Minimum of 10 years' experience in a Property & Casualty environment (insurance/reinsurance).</li><li>University degree in actuarial science or related field (mathematics or finance).</li><li>Meet the requirements for Appointed Actuary of Swiss Re Asia Pte Ltd Malaysia Branch. Previous experience in a statutory role (AA or similar) would be viewed favorably.</li><li>Good knowledge of Malaysia statutory and regulatory environments. Knowledge of other APAC countries' statutory and regulatory environments would be viewed favorably.</li><li>Solid actuarial valuation and reporting experience. Very good understanding of accounting, information systems, and investments.</li><li>Practical experience with risk-based capital frameworks.</li><li>Accomplished interpersonal and communication skills – demonstrates a clear and articulate standard of written and verbal communication in a complex environment.</li><li>Excellent business sense and appreciation of sound risk management techniques.</li><li>Proactive in seeking out and providing information.</li><li>Independent self-starter.</li><li>Excellent project management skills.</li><li>Actively looks to add value and take on additional responsibility.</li><li>Ability to work under pressure and prioritize tasks accordingly.</li></ul>About Swiss Re:Swiss Re is one of the world’s leading providers of reinsurance, insurance, and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property & Casualty and Life & Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought, or other characteristics. In our inclusive and flexible environment, everyone can bring their authentic selves to work and their passion for sustainability.If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

The job holder will be under the lead of the Head of Reserving P&amp;C SID and China supporting both the Vice Presidents in the preparation of local and group reserves for Asian markets excluding Japan.Specific responsibilities include but are not limited to the following:<ul><li>Assist in the completion of quarterly and annual valuations (statutory, US GAAP and IFRS17 bases) on assigned portfolios, for sign off purposes (key output: quarterly reserve reports and relevant local branch reporting) and be responsible for the valuation output to be prepared for the reviewing actuary.</li><li>Assist in Transaction and Special Deal reserving.</li><li>Assist in the preparation of the related analyses and documentation of the quarterly reserving process including the Business Unit Reserving Committee (BRC) meetings.</li><li>Support Actuarial &amp; Reserving P&amp;C Asia team's responsibility as a key input provider for business steering via operational and experience feedback on portfolios highlighting areas for improvement.</li><li>Assist in the preparation of all local statutory reserving and reporting requirements of the regulators in the Swiss Re Asia P&amp;C branches as assigned.</li><li>Establish and maintain a network of relationships with other internal partner functions.</li><li>Develop and maintain relationships with local actuarial and industry associations.</li><li>Work with regulators and internal/external auditors on routine and special matters.</li></ul>Position Requirements:<ul><li>Minimum of 6 years' experience in a Property &amp; Casualty environment (insurance/reinsurance).</li><li>University degree in actuarial science or related field (mathematics or finance).</li><li>Actuarial trainee actively pursuing fellowship qualification with a recognised Actuarial professional body (eg. Australia, UK, USA, Canada).</li><li>Analytical skills, and the ability to handle both conceptual and practical issues.</li><li>Experienced in providing actuarial advice and support for specific lines of business reserves' results.</li><li>Strong knowledge of standard IT software (Excel, etc).</li><li>Excellent interpersonal, communication and influencing skills, particularly across different cultures (Asian diversity) and different functions (eg underwriting, finance, claims).</li><li>Ability to work under pressure and prioritize tasks accordingly.</li></ul>About Swiss Re:Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics.In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

Munich Re Retakaful, part of Munich Re – the world’s largest reinsurer – is looking for an enthusiastic professional who is interested in technical actuarial pricing work, client interaction and enjoys the challenge of working in multiple markets and being part of a diverse team.You will cover all aspects of pricing for Individual and Group Family Takaful business for all markets under Munich Re Retakaful. You will also oversee treaty drafting and experience studies, and therefore lead the end-to-end process of pricing a quote to monitoring the experience. Reporting to the Chief Commercial Officer, this pricing team consists of 5 individuals, which includes the Senior Pricing Actuary (this role) and 4 pricing analysts.Your Role<ul><li>Lead the delivery of pricing initiatives for Individual and Group Family Takaful products for all covered markets including Malaysia, Indonesia, and Pakistan, ensuring compliance with internal standards, proper risk assessment and best practice.</li><li>Manage resource prioritisations, delivery timeline and partners.</li><li>Collaborate with client managers, underwriters and clients to develop new family takaful products/benefits with consideration of marketability and risk management.</li><li>Manage the end-to-end process of getting approval for quotes that exceed pricing authority (e.g. discussions with Regional Pricing, Underwriting and Claims team).</li><li>Develop the pricing team, providing team members with clear guidance and imparting technical knowledge to the team.</li><li>Develop pricing bases, pricing tools, and models.</li><li>Lead the treaty drafting and negotiations with clients, together with the client managers.</li><li>Lead treaty experience studies, collaborate with the regional experience analysis team to ensure consistent best practices, and present results and recommendations to internal stakeholders.</li></ul>

Role Value Proposition:The objective of Internal Audit Actuarial is to review and test the controls around actuarial processes and assure our business partners that their methods are efficient, accurate, and following company and industry best practices.Responsibilities include conducting audits, proposing recommended solutions to control weaknesses, and providing client advisory to improve their actuarial practices. This position will interact with actuarial, finance, risk and IT teams.Key Responsibilities<ul><li>Perform analysis of regulatory and accounting changes, product strategy, and economic/demographic conditions to identify key sources of actuarial related risk in Asia and develop a risk-based audit strategy.</li><li>Lead country level audits and perform deep dive on various topics including US GAAP, IFRS 17, assumption setting, product development and pricing, capital, and investments.</li><li>Create and foster relationships with the local actuarial staff throughout Asia, including the local Chief Actuaries and regional Chief Actuary. Develop relationships with non-actuarial business partners within Audit, Risk, Finance, and IT.</li><li>Add value by identifying root causes of potential reserving, reporting, or pricing error and making recommendations to management to address the risk.</li><li>Recognized as a strong candidate to participate on business partnering assignments due to strong technical skills project management abilities, and knowledge of MetLife.</li><li>Partner with both local and US audit teams in planning and executing audits</li><li>Perform and validate complex actuarial calculations and evaluate the reasonableness of methodology and assumptions. Analyze and assess financial statements for accuracy and completeness.</li><li>Communicate potential financial and operational impacts of audit issues to management.</li></ul>Essential Business Experience and Technical Skills:<ul><li>Qualified actuary or an extensive experience in actuarial valuations and audit</li><li>10 years + experience</li><li>Fluency in English. Speaking skills - Japanese, Mandarin or Korean language skill desirable</li></ul>Preferred:<ul><li>Experience in 2 or more the following: US GAAP Reporting, IFRS 17 Reporting, or European Embedded Value, Pricing, or Assumptions Development</li><li>Strong presentation, written, relationship management, and project management skills.</li><li>Ability to work independently and at times lead a small project team</li></ul>MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

Role Value Proposition:The objective of Internal Audit Actuarial is to review and test the controls around actuarial processes and assure our business partners that their methods are efficient, accurate, and following company and industry best practices. Responsibilities include conducting audits, proposing recommended solutions to control weaknesses, and providing client advisory to improve their actuarial practices.This position will interact with actuarial, finance, risk and IT teams, serving as a subject matter expert on a wide range of topics including but not limited to: US GAAP reporting, IFRS reporting, Embedded Value, assumption setting, reserving, regulatory and economic capital, product pricing and development, and ALM.Key Responsibilities:<ul><li>Perform analysis of regulatory and accounting changes, product strategy, and economic/demographic conditions to identify key sources of actuarial related risk in Asia and develop a risk-based audit strategy.</li><li>Lead country level audits and perform deep dive on various topics including US GAAP, IFRS 17, assumption setting, product development and pricing, capital, and investments.</li><li>Create and foster relationships with the local actuarial staff throughout Asia, including the local Chief Actuaries and regional Chief Actuary. Develop relationships with non-actuarial business partners within Audit, Risk, Finance, and IT.</li><li>Add value by identifying root causes of potential reserving, reporting, or pricing error and making recommendations to management to address the risk.</li><li>Recognized as a strong candidate to participate on business partnering assignments due to strong technical skills project management abilities, and knowledge of MetLife.</li><li>Partner with both local and US audit teams in planning and executing audits.</li><li>Perform and validate complex actuarial calculations and evaluate the reasonableness of methodology and assumptions. Analyze and assess financial statements for accuracy and completeness.</li><li>Communicate potential financial and operational impacts of audit issues to management.</li></ul>Development Opportunities:<ul><li>This position reports to the VP Internal Audit, Actuarial.</li><li>Effective management, coaching, and development of their reports(s) as well as local actuarial audit staff.</li><li>Develops Internal Audit’s capabilities strategy and ensures effective and meaning delivery to the department, partnering with our HR partners as appropriate.</li><li>Consults with senior IA leadership and various contacts throughout the global department to determine training needs, developing the training strategy to meet those needs.</li><li>Works proactively with MetLife Learning &amp; Development for training development.</li><li>Drives the department’s performance development process in conjunction with our HR partners.</li></ul>Essential Business Experience and Technical Skills:<ul><li>Qualified actuary or an extensive experience in actuarial valuations and audit.</li><li>10 years + experience.</li><li>Fluency in English. Speaking skills - Japanese, Mandarin or Korean language skill desirable.</li></ul>Preferred:<ul><li>Experience in US GAAP Reporting, IFRS 17 Reporting, or European Embedded Value, Pricing, or Assumptions Development.</li><li>Strong presentation, written, relationship management, and project management skills.</li><li>Ability to work independently and at times lead a small project team.</li></ul>MetLife is a proud equal opportunity/affirmative action employer committed to attracting, retaining, and maximizing the performance of a diverse and inclusive workforce. It is MetLife's policy to ensure equal employment opportunity without discrimination or harassment based on race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity or expression, age, disability, national origin, marital or domestic/civil partnership status, genetic information, citizenship status, uniformed service member or veteran status, or any other characteristic protected by law.

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