Total 5 payroll analyst job vacancies in Science / R&D / Research category in Malaysia

• Excellent opportunity to join a global insurance provider
• Renewable contract with an opportunity to convert to permanent

About Our Client

Our client provides a comprehensive range of life products and services to suit every possible need of our personal, commercial, corporate, institutional and private banking customers, including catering to specialty markets through products such as Universal Life for high net-worth customers.

Job Description

• The jobholder is responsible for end-to-end pricing and implementation of new products. The role is expected to assist the Actuarial Pricing leads and participate actively in end-to-end actuarial pricing process, which includes executing premium and benefit pricing, actuarial assumption setting, profitability testing, product system implementation and user acceptance tests for quotation systems and administrative systems in ensuring end-to-end smooth and timely product delivery.
• The role will be involved in system migration and is expected to assist the Actuarial Pricing leads in various process, which includes product setup (i.e. formula, rate table setting), reviewing business requirements and user acceptance tests. The jobholder is expected to work closely with IT, Product, Policy Servicing and New Business teams to ensure timely delivery of system migration.
• The role will have ad hoc liaison with the Products, Distribution and Policy Servicing teams to closely support with client requests around in force policy statement updates, post sales illustrations, channel incentive analysis, marketing campaign setup.
• There may occasionally be exposure to other non-product development activities as well as involvement in department wide exercises such as periodic experience studies updates, financial stress tests, board reports, regulatory initiatives, systems infrastructure upgrades, sales tools and marketing support.
• The jobholder will be supporting the Head of Pricing to safeguard the financial health of the insurance company and protect the interest of policyholders as well as in ensuring the statutory responsibilities under the Insurance Act are met.

The Successful Applicant

• University graduate in a relevant discipline for example Actuarial Science, Statistics, Economics
• Minimum 1 year of actuarial experience on life insurance product pricing is preferred
• Experience with Prophet, VBA and Excel Programing is preferred

What's on Offer

• A great opportunity to join a global insurance provider and work on risk management-related projects, including addressing market risk mitigation, insurance risk review, and operational risk management

Contact

Amber Chang (Lic No: R1984307/ EA no: 18C9065)

Quote job ref

JN-052024-6415445

Phone number

+65 6541 9921

Michael Page International Pte Ltd | Registration No. 199804751N

About Risk Management

We live in turbulent and uncertain times, and Swiss Re’s vision of making the world more resilient through both our investment and our business activities is needed now more than ever. Risk Management is uniquely positioned to help make Swiss Re itself more resilient, enriching risk taking by using our accumulated risk knowledge, perspective, and experience. We help identify risks worth taking as well as steer away from risks that could destabilise the business. We deliver accurate valuations of the business to ensure appropriate reserves are available as well as providing in depth views on how business is performing. In other words, we help ensure the profitability of Swiss Re so that we’re around long-term to honour our promises.

About the Team

L&H Valuation forms part of the L&H Chief Risk Officer unit. The teams are accountable for independent valuation of Swiss Re's L&H business globally, with US GAAP reserves of more than USD20bn.

The L&H Valuation and Analysis Team is responsible for the production and analysis of quarterly and annual reserves for the Life & Health Reinsurance business written by Swiss Re. This includes business written across the world and covers all the lines of business that fall into L&H – mortality, CI, DI, longevity, as well as additional 'complex' products such as those with financial risk.

As well as production of the numbers, the team is responsible for ensuring timely and accurate information is fed back to the market units to ensure proactive decisions are taken to steer the L&H business in the best possible way

About the Role (Contract duration: 1.5 years)

This role is a key contributor to the development and implementation of processes for the International Financial Reporting Standard ("IFRS") 17 accounting standards for the Asia business.

Your main responsibilities will include implementation of IFRS reporting, including quantification of impacts, process set up, documentation and handover. Additionally, you will contribute to development and provision of the training process for the Asia actuarial team for IFRS17 reporting.

The key activities of the L&H Valuation team that you will be primarily responsible include:

• Support the production/review of the balance sheet and earnings under IFRS17
• Contributing to the establishment of a new IFRS17 end-to-end reporting process.
• Assisting in review and comment on global IFRS17 implementation approach in various areas.
• Support IFRS17 training and engage Actuarial team to prepare for the implementation. Understand the impact to earnings and balance sheet and provide insight to management
• Communicate the issues/challenges with senior actuaries or stakeholders on time
• Ad hoc assistance when needed for quarterly reserving and reporting processes of Asia business
• Assist in in-force data quality and proper determination of policy liabilities for Singapore Statutory

About You

• Strong knowledge and working experience in L&H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;
• At least 3+ years of L&H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;
• Attained or close to attaining fellowship in actuarial examinations;
• Excellent interpersonal, communication, organisational skills;
• Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;
• A good understanding of IFRS 17 and MCEV. Knowledge in Singapore local reserving standard would be considered an advantage;
• Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage.

Munich Re is the world’s largest reinsurer and a leading provider of reinsurance solutions in Asia. The Regional Centre in Singapore has grown and expanded substantially over the past years with more than 300 employees now. Southeast Asia is one of the most exciting regions in the world and offers great opportunities for Munich Re.

As part of expansion for the Southeast Asia team, we offer a valuable opportunity to develop skills in data analysis, visualisation, and management within the insurance industry, while gaining actuarial experience and enhancing your understanding of actuarial principles and practices.

Your job:

• You will be the High-net-worth Data Analytics expert to provide insights on our data, to identify trends and opportunities and suggest solutions based on these insights to support business decision.
• Develop data mart, data models that can support data analysis to draw insightful information and trend analysis, allowing us to meet clients' needs and provide insights for portfolio management.
• Design and develop dashboard frameworks and reporting view to achieve efficiency in reporting for routine standard reports.
• Collaborate with internal stakeholders to understand clients’ requirements and business agreements, treaty terms and product features. Perform data reconciliations and transformations, to ensure data quality through comprehensive checks and cleaning.
• Automate data-driven processes, develop algorithms for data cleaning, and prepare documentation for the work performed to enhance efficiency and accuracy
• Use Microsoft SQL Server, Power BI and any other provided analytical tools to meet reporting requirements for clients and internal stakeholders.
• Support the team with ad-hoc tasks, demonstrating flexibility and a proactive approach to problem-solving

Your profile:

• Bachelor's degree in Actuarial Science or Business Analytics
• At least 1 year of relevant experience in life (re)insurance
• Strong analytical and problem-solving skills, meticulous and patient in dealing with large datasets
• Proficient in Excel, Python, SQL and PowerBI, with experience in automation, and a strong emphasis on data management and data analysis
• Knowledge of Life Insurance principles and products is preferred
• Skilled in data visualization, for creating impactful reports
• Detail-oriented, proactive, and committed to continuous learning, with a positive attitude
• Excellent English communication skills, both written and verbal

Our Benefits:

• Flexible and hybrid working arrangement
• Generous annual leave allowance
• Competitive dental, life and health insurance coverage

At Munich Re, we embrace, and value, the interaction of diverse backgrounds, experience, perspectives and thought. This interaction is the foundation of our open culture, spirit of partnership, of how our teams are built and cultivated, and of how we are supported and developed. And at the centre of this interaction is each of us.

Responsibilities:

• Manage end-to-end Pricing and implementation of new products.
• Assist the Actuarial Pricing leads and participate actively in end-to-end actuarial pricing process, which includes executing premium and benefit pricing, actuarial assumption setting, profitability testing, product system implementation and user acceptance tests for quotation systems and administrative systems in ensuring end-to-end smooth and timely product delivery.
• Liaise with the Products, Distribution and Policy Servicing teams to closely support with client requests around in force policy statement updates, post sales illustrations, channel incentive analysis, marketing campaign setup.
• Involved in working on risk management related projects including addressing market risk mitigation, insurance risk review, and operation risk management.
• Assist to other non-product development activities as well as involvement in department wide exercises such as periodic experience studies updates, financial stress tests, board reports, regulatory initiatives, systems infrastructure upgrades, sales tools and marketing support.
• Support the Head of Pricing to safeguard the financial health of the insurance company and protect the interest of policyholders as well as in ensuring the statutory responsibilities under the Insurance Act are met.

Requirements:

• Bachelor's degree in Actuarial Science, Statistics, Economics or any relevant discipline
• At least 1-2 years actuarial experience on life insurance product pricing is a plus
• Experience with Prophet, VBA and Excel Programing is a plus
• Sharp communication skills will be important as clear business connectivity
• Engaging and open minded working attitude with emphasis on being a good team player
• Meticulous with a keen eye for detail for financial analysis

Interested Applicants, please email your resume to charmane.lalog@manpower.com.sg (R1767650), stating the position as the subject title in the email.

The Opportunity

• This is an exciting opportunity to work for one of the leading global banks
• It is an opportunity for an experienced Actuarial Pricing Analyst to join their team
• This will start off as a 12 months contract

The Job

• Pesponsible for end-to-end Pricing and implementation of new products.
• Assist the Actuarial Pricing leads and participate actively in end-to-end actuarial pricing process, which includes executing premium and benefit pricing, actuarial assumption setting, profitability testing, product system implementation and user acceptance tests for quotation systems and administrative systems in ensuring end-to-end smooth and timely product delivery.
• Ad hoc liaison with the Products, Distribution and Policy Servicing teams to closely support with client requests around in force policy statement updates, post sales illustrations, channel incentive analysis, marketing campaign setup.
• Ad hoc involvement working on risk management related projects including addressing market risk mitigation, insurance risk review, and operation risk management.
• Exposure to other non-product development activities as well as involvement in department wide exercises such as periodic experience studies updates, financial stress tests, board reports, regulatory initiatives, systems infrastructure upgrades, sales tools and marketing support.
• Supporting the Head of Pricing to safeguard the financial health of the insurance company and protect the interest of policyholders as well as in ensuring the statutory responsibilities under the Insurance Act are met.

The Talent

• Degree in a relevant discipline i.e. Actuarial Science, Statistics, Economics
• Minimally 1-2 years of actuarial experience on life insurance product pricing is preferred
• Experience with Prophet, VBA and Excel Programing is preferred
• Sharp communication skills will be important as clear business connectivity is required
• Engaging and open minded working attitude with emphasis on being a good team player
• Meticulous with a keen eye for detail for financial analysis

Next Steps

• Drop your resume and contact us to follow-up, or send your resume to cecilia.sim@adecco.com
• Email Topic: Apply Actuarial Pricing Analyst
• Only shortlisted candidates will be contacted

Cecilia Sim Xin Yang

Personnel Registration No. R22105099

EA Licence No.91C2918