At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on. 

About the Role

This role supports the Appointed Actuary function, including but not limited to local RBC Valuation, Financial Condition Report, Stress Testing, and other regulatory and Group Office requirements.

Roles And Responsibilities

1. Provide support to Appointed Actuary functions

• Plan and work efficiently to ensure timely completion of Appointed Actuary related tasks, including RBC Valuation, Financial Condition Report and MFRS 17, in compliance with BNM and AIA Group requirements.

• Ensure compliance to regular regulatory submissions, such as quarterly RBC forms and data submission requirements.

• Ensure the accuracy and completeness of data used in analysis from multiple sources.

2. Capital Management

• Preparation and monitoring of CAR monthly, identifying and understanding any deviations and performing additional analysis where required.

• Conduct stress tests for local and Group Office requirements.

• Provide clear updates with insightful commentary to stakeholders on the movements of CAR and results of stress testing.

3. Statistics and Analytics

• Perform analytics in identifying claims trends, such as emerging trends from digital business.

• Provide statistics and analytics for other supported functions, such as reinsurance and investment, including the annual reinsurance treaty renewal and annual SAA review.

4. Other

• Perform internal controls/reconciliation to ensure quality results are produced and provide explanation for any material discrepancy.

• Actively communicate with the Appointed Actuary and other internal and external parties on valuation-related matters.

• Plan and execute process improvement/enhancement where necessary to improve efficiency.

• Attend to BNM/Group/Local Management/Board of Directors/Auditors requests and/or queries within agreed turnaround time.

Minimum Job Requirements

• Bachelor degree in Actuarial Science or other educational background with significant mathematical and analytical courses.

• Actively pursuing actuarial qualification from an internationally recognized actuarial body.

• At least 4 years of actuarial experience.

• Knowledge of General Insurance; experience in Life Insurance will be an advantage.

• Proficient in using Microsoft Office.

• Good programming skills would be preferred, e.g. SAS, SQL, R, VBA, etc.

• Good verbal and written communication skills, i.e. English.

• Good technical and analytical skills.

• Highly motivated, results oriented and solutions focus.

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.