Under the direction of the Group Leader or Department Manager, you will be responsible for the following tasks as an Actuary in the Finance Department:

[Job Details]

Assumption Management

• Experience rate analysis
• Setting assumptions (premise for calculations) such as Best Estimate Assumptions, IFRS Reserve Assumptions (including Policyholder Adjustment (PAD))
• Calculating and analyzing IFRS, EV (Embedded Value), VNB (Value of New Business), and their impact on capital
• Explaining and discussing assumption updates with team members, Chief Actuaries of the company, and Group Office Actuaries.

Reinsurance

• Reviewing and revising existing reinsurance agreements (Note: Reinsurance for new products is considered by the Product Development Department)
• Discussing necessary revisions to existing reinsurance agreements with team members, Chief Actuaries of the company, and Group Office Actuaries.
• Negotiating with reinsurance companies regarding reinsurance agreement terms (e.g., reinsurance premium rates).



Reporting Tasks

• Using actuarial software (mathematical models) and Excel to calculate IFRS reserves and DAC (Deferred Acquisition Costs) based on IFRS 4, as well as conduct profit and loss analysis for IFRS.
• Participating in discussions related to the analysis of differences between IFRS 4 and IFRS 17.
• Using actuarial software (mathematical models) and Excel to calculate and analyze EV (Embedded Value) and VNB (Value of New Business).
• Analyzing and reporting on insurance risks.
• Creating and analyzing future cash flow analysis for actuarial opinions using actuarial software (mathematical models).
• Developing and managing mathematical models for various actuarial calculations.
• Preparing management reports and explaining actuarial matters to the management team.

【Must-Have Qualifications】

• Background in Actuarial Science, Economics, Statistics, Financial Engineering, or related fields.
• 5 to 10 years of work experience as an Actuary, in a bank, or similar financial institution.

【Desirable Skills and Qualifications】

• Data Analytics skills or qualifications in Actuarial exams (preferably Associate or Fellow level).
• Proficiency and experience in insurance actuarial software such as Prophet, MoSes, etc.
• Ability to communicate effectively in English and participate in meetings and calls with the Group Office.

【Additional Information】

We are open to candidates who do not have a specific background as a life insurance Actuary. We welcome individuals with strong Data Science skills and are looking for a diverse range of candidates.

Depending on the candidate's skills and experience, we may also consider hiring for the position of Manager, not limited to Assistant Manager.