1)
Actuarial Department - Product Development
Main function of the product team would be to develop new products, review existing product performance and actual operational experience.
•Performing data analysis and generate product financials through the use of spreadsheet and/or Prophet models
•Checking on IT systems related to product administration
•Preparing data and calculation for experience/claim monitoring
2)
Actuarial Department -Reporting
This function is further divided into different sections for reporting under different valuation basis. This function prepares financial reports and projections for both external and internal use.
•Performing the calculation, data extraction and checking for financial report through the use of spreadsheet and/or Prophet models
•Verification of valuation basis applied in the financial models
•Supporting coding of new products and enhancements of the spreadsheet and/or Prophet models
•Performing analysis and explanation of results
3)
Capital Management Department
The team performs various stochastic and risk-based analysis to support the formulation of business and financial strategies from capital preceptive.
•Perform the calculation, data extraction and checking for stress capital/economic capital reporting through the use of spreadsheet and/or Prophet models
•Support the testing of various financial strategies and analyzing the implication on capital position of the company
•Perform control and checking on the spreadsheet and/or Prophet models to ensure the result consistency and quality
The incumbent is required to obtain relevant license if the job involves in regulated activities