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26 May 2020
Job ID: BK-217075
Assistant Manager - Corporate Actuarial

Job Summary
This position is mainly responsible for managing reinsurance activities (e.g. coordinate with counterparties such as reinsurer, accounting department, product provider, etc.) and viewing/monitoring all reinsurance relevant reports/projects.

  • Coordinate with relevant counterparties (pricing team, claim, operation and reinsurers) to ensure that reinsurance administration process is done properly and within timely manner
  • Implement reinsurance rates for new products/treaties into reinsurance system and complete UAT
  • Perform experience study and develop assumptions for financial projections (e.g. reinsurance assumption and expense assumption).
  • Perform coding/ programming on reinsurance part for RBC and IFRS17, define the financial and dependency impacts, communicate the impacts to all relevant parties and ensure the successful implementation.
  • Complete statistical/ performance reports with commentary, and perform business analysis e.g

Key Responsibilities
Reinsurance Management

  • Coordinate with relevant counterparties to ensure that reinsurance administration process is done properly and within timely manner
  • Propose reinsurance management framework and perform reinsurance optimization.
  • Review and ensure the accuracy of the reinsurance statement of account
  • Setup new product in reinsurance system
  • Ensure accuracy of all information in reinsurance system
  • Provide adhoc requests related to reinsurance

Actuarial Valuation

  • Monitor and validate the information regarding to actuarial valuation in the system
  • Provide the actuarial valuation reports
    • Statutory Reserving
    • IFRS Reserving
    • Life Dashboard
    • New Business Values
    • Risk-based Capital – Liability, etc.
  • Review and ensure the accuracy of the actuarial valuation reports
  • Ensure all required changes in guidance are implemented
  • Submit the actuarial valuation reports to all relevant parties with accuracy and in timely manner

Actuarial System’s Model Development

  • Define the requirements in developing and updating actuarial system’s model
  • Plan and coordinate with the relevant parties in conducting peer review on technical coding/ programming and defining the impacts of coding/ programming changes
  • Plan and implement program testing to define the financial and dependency impacts
  • Define the communication/ training materials for model/ methodology changes, and communicate with all relevant parties
  • Support and monitor for the implementation, and define the outstanding issues of model/ methodology changes

Financial/ Performance Management Report

  • Review and perform analysis on financial/ performance management
  • Submit statistically financial/ performance reports to all relevant parties with accuracy and in timely manner

Required experience and skills

  • Bachelor’s or Master’s Degree in Finance, Actuarial Sciences, Economics, Financial Engineering, or other related fields
  • 5+ years’ experience in Reinsurance, Actuarial Valuation, Actuarial Pricing, or other related fields in insurance.
  • Mathematics and statistical/ actuarial knowledge
  • Programming skill for Internal Risk Capital Calculation
  • Risk management and assessment skills
  • Quantitative and analytical thinking skills
  • Excellent command in English
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Job Details:
  • Employment Type:
    Full Time, Permanent
  • Career Level:
    Middle Level
  • Required Qualification:
  • Required Experience:
    5 years
  • Company Industry:
    Insurance / Pension Funding
  • Location:
    Bangkok, Thailand
  • Salary:
    Salary negotiable

  • Five-day work week
  • Performance bonus
  • Flexible working hours
  • Work from home
  • Transportation allowance
  • Medical insurance
  • Life insurance

Allianz Ayudhya Assurance Public Company Limited
Dare TO. We're With You   Allianz Ayudhya Assurance Pcl. Allianz Ayudhya was first established in the Kingdom of Thailand in 1951 and has now grown to become one of Thailand's leading life insurance companies with the Allianz Group as its principal shareholder. Firmly committed to provide security to every Thai family we promise to provide excellent products and services to our customers through all of life's most important moment. All the above means Allianz Ayudhya is a life insurance that offers security, strength and reliability; while our sixty plus years of business has given us unparalleled skills and experience in response and understanding the needs of our Thai customers. Allianz Ayudhya will provide securities and protect all Thai families. Since the early 1950s Allianz Ayudhya has been following the mission   For more job vacancies, Please visit our website : 

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