A. JOB PURPOSE:
Produce the actuarial valuation and analysis for financial reporting under multi-reporting standards, responsible for producing the financial KPIs, business plan, and regular forecasting to assist the financial management.
B. KEY RESPONSIBILITIES:
1, Valuation & Financial Reporting: (15%)
- Perform valuation process in different actuarial frameworks (Local statutory reserve, Value of New Business, Source of Earnings…)
- Perform Budget Planning / Forecasts and monitor and analyze actual performance against the plan.
2, Inforce Management: (15%)
- Perform regular and ad-hoc reports on Claim rates (mortality & morbidity) and Persistency.
- Perform assessment on Common Actuarial assumptions, including studies and assumption setting for Mortality/Morbidity rates, Expense, Persistency, and Economic assumptions. Propose and provide an impact assessment of relevant assumption changes, if any.
- Reinsurance management: new quotation analysis, treaty review, and reinsurance administration.
3, Modelling and Actuarial business solutions: (10%)
- Modeling of life insurance products in Prophet, performing validation with the pricing model, and ensuring compliance with local regulations and international standards.
- Assets and liabilities management (ALM): measure, identify, and propose solutions to reduce ALM risk.
- Distribution compensation scheme: set up models and perform various scenario testing. Monthly accrual commission calculation and booking.
4, Projects and Initiatives (60%)
- Contribute to the implementation of new reporting standards (IFRS17, RBC, Embedded Value)
- Enhance Business Intelligence & Analytical capabilities by leveraging new technologies (Python, R, PowerBI, Tableau)
