Group Operations - Sr. Manager / Head Modelling Group Operations - Sr. Manager / Head Modelling …

Rod and Staff Recruitment Group
in Kuala Lumpur, Malaysia
Permanent, Full time
Be the first to apply
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Rod and Staff Recruitment Group
in Kuala Lumpur, Malaysia
Permanent, Full time
Be the first to apply
N / A
We invite motivated, dynamic professionals to join our growing Regional Actuarial Hub in Malaysia. You will take ownership and manage the existing Prophet actuarial models for Asia entities. You will lead and build expertise in the relevant subject matter, including establishing all models and modules needed for the region, and ensure actuarial modeling and results are at high quality, efficiently produced, tightly controlled and supported by meaningful analysis. You will manage the deliverables and resources of the team, and proactively engage Group technical modelling team to ensure alignment of actuarial processes to appropriate methodology and refining processes as needed

Key Responsibilities :

1. Lead and manage the modelling team to act as the regional hub of expertise to actuarial models:

  • Understand the existing Prophet and Excel models of company and drive the consistency of future model developments across entities in the region. Lead and maintain such models going forward.
  • Ensure an optimal design of infrastructure and functions of the new platform. Develop, for the region, the actuarial models and corresponding processes / guidelines in this platform.
  • Centrally manage the actuarial models within the team and provide advice to change requests from the region in a timely manner
  • Ensure correct use of models to comply with Group and local regulatory requirements and actuarial work (e.g. valuation and pricing, experience study, solvency)
  • Keep abreast with the latest development of software and make sure adoption of functionalities to improve the models
  • Develop new functionalities within and around the model to enhance the usability of the model across various Actuarial functions
  • Transfer knowledge to the local teams via setting guidelines, coaching and training sessions.

2. Solidify the functionalities of the new & existing platform and gradually expand the role of the new model to a full spectrum of actuarial capabilities:

  • Lead new platforms with the ultimate goal of extending functions to other actuarial processes and across entities in Asia
  • Maintain the solvency 2 model and expand it to other countries in the region
  • Establish and implement standards and guidelines to the actuarial models to ensure good quality control within the region:
    • Take ownership of the models and its implementation and reliable usage across the region
    • Ensure all cash flow projections are accurate, complete and meet the company standards
    • Ensure adequate documentation is in place for all model developments and modifications for a good control framework
    • Develop best practices in software development to ensure efficiency and consistency in variable naming, coding and model structure
    • Ensure the model is properly checked and validated before promoting it to production
  • Identify and mitigate potential risks that may compromise the quality of the results from the Prophet and Sunrise model.

3. Manage the change requests from entities:

  • Manage and streamline requests from regional and local modelling teams to provide according services to ensure high quality deliverables meet users’ requirements
  • Perform peer review on technical specifications (TS) prepared by local and regional teams. Ensure TS are clear, complete and properly communicated to the change originator
  • Monitor the development and testing process and ensure it is in line with the agreed plan
  • Ensure the entities changes are integrated into the Regional model
  • Ensure proper documentation of changes to the model

4. Work with various company stakeholders:

  • Work closely with the existing centralized Prophet modelling team on model development and new functionalities
  • Liaise and provide input to various technical teams in the Company Group: Global Model Review team, Branches in France, Belgium, Japan
  • Suggest solutions for potential process improvements

5. Provide leadership, develop and drive the modelling team towards becoming a business partner to local entities:

  • Manage the deliverables and resources of the modelling team
  • Work closely with local entities and propose actuarial development or process improvement when appropriate
  • Provide high quality, timely consistent, standardized services to internal stakeholders and entities
  • Suggest team structure for existing and development teams
  • Promote a positive, high performance working environment
  • Coordination of works between regional IT team and software vendor on software related issues

6. Manage the P&L of the team:

  • Recommend priorities, schedules and resources needed to conduct analyses in order to meet end users’ delivery requirements
  • Estimate efforts on projects and analyses, skill levels required, and recommend turnaround times considering end users’ delivery requirements
  • Recommend priorities for consideration when necessary.
  • Review, understand, monitor and project demands from local entities for actuarial resourcing
  • Agree priorities with local entities
  • Manage the revenue and expenses of the team’s operation and achieve a break-even objective

Key Stakeholders:


  • Local entities actuarial teams
  • Tech
  • Group technical teams


  • Auditors
  • External consultants
  • Software providers
  • IT vendors

Key Requirements / Qualifications:

  • 10+ years of financial services industry experience, including 2+ years managerial experience and proven ability to lead a large team
  • Preferably an Associate or Fellow of a recognized actuarial institute (SOA, IFOA, etc.).
  • In-depth experience of actuarial modelling (deterministic, stochastic, Prophet knowledge is a plus)
  • Strong knowledge and experience of valuation, financial reporting, product development and pricing
  • Hands-on experience in operating a corporate actuarial function and in leading a team of actuaries
  • Good understanding of IFRS, Market Consistent Embedded Value measures, Solvency II
  • Good project management skills and experience in running sizable projects / assignments
  • Asian regional experience desirable
  • Ability to influence and collaboratively lead change
  • Excellent verbal and written English communication skills required

Business Units/Function:  Regional Actuarial Hub, Malaysia
Working Location:  Malaysia

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