Responsibilities 

  • To place reinsurance arrangements for new product launches.
  • To structure and negotiate terms and conditions for reinsurance treaties.
  • To manage reinsurance cash flow, balance closing and forecast.                
  • To prepare and verify reinsurance statement of accounts.   
  • To perform BNM yearly statutory reporting. 
  • To perform reinsurance analysis for FCR.
  • To perform yearly review of reinsurance management strategy and mechanisms.
  • To set-up reinsurance arrangement/functionality in FPMS/Life Asia system according to reinsurance treaty.
  • To perform UAT in FPMS/Life Asia for new product testing/system enhancements.
  • To conduct yearly review of reinsurance program.
  • To conduct actuarial experience studies.

Requirements

  • Basic degree in mathematics/ statistics / actuarial science.
  • Preferably 1-3 years relevant experience in life industry.
  • Sufficient understanding in life insurance actuarial.
  • Good communication skills - written and verbal.
  • Actuarial skills.
  • Relevant computer skills.
  • Basic accounting knowledge.
  • Good public relations.
  • All rounded reinsurance administration handling.
  • BNM's guidelines with respect to reinsurance reporting.
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