Chief Actuary

Company

Chubb Asia Pacific Singapore Ltd

Experience

Min 12 years

Practice Area

General

Position

Full-time

Description

 

Location of position

Kuala Lumpur, Malaysia

 

About the Organisation

Chubb is a global insurance leader formed from the January 2016 acquisition of the Chubb Corporation by ACE Limited. Barely 30 years after the creation of ACE, Chubb has developed into the world’s largest publicly traded property and casualty insurer.  Chubb Asia-Pacific represents the fastest growing region within this dynamic organisation with $US2.5billion of premium across a portfolio balanced in terms of both product and geography.  While Australia and Korea remain Chubb’s largest markets in the region it enjoys a rapidly expanding presence in South-East Asia via targeted acquisitions in Malaysia, Indonesia & Thailand and an ambitious outlook in Greater China. Chubb is a global insurance leader formed from the January 2016 acquisition of the Chubb Corporation by ACE Limited. Barely 30 years after the creation of ACE, Chubb has developed into the world’s largest publicly traded property and casualty insurer.  Chubb Asia-Pacific represents the fastest growing region within this dynamic organisation with $US2.5billion of premium across a portfolio balanced in terms of both product and geography.  While Australia and Korea remain Chubb’s largest markets in the region it enjoys a rapidly expanding presence in South-East Asia via targeted acquisitions in Malaysia, Indonesia & Thailand and an ambitious outlook in Greater China.

Key Objective

Facilitate and contribute to improved management decision making by analysing and interpreting key elements of business lines financial performance

Overall enhancement and maintenance of the business intelligence research and reporting framework

Provides in depth analysis of data and interprets/formulates/recommends strategies and action plans towards discovering new opportunities and/or enhancing current products for company’s continued growth

Assist and support the Country President in all aspects of corporate planning and strategy, executing, implementing and ensuring systematic approach and disciplined processes for the company’s strategic management framework.

Major duties and responsibilities

Statutory Role as the Appointed Actuary

BNM Guidelines BNM/RH/STD 029-5 on Appointed Actuary : Appointment and Duties

Strategic and Planning Role

•           Enhance, implement and maintain a sustainable business intelligence research and reporting framework for the organization delivering a stable and efficient data platform and information dashboards. Formulate and recommend methodologies to capture critical and actionable data for the purpose of driving the business growth to its optimum level including the effective use of available data resources

•           Identify and highlight potential areas of concerns or ‘red flag’ in business performance and operational service levels, performing analytical reviews and recommending remedial short and medium term solutions and action plans

•           Research the industry and related markets, providing analytical research data, including comprehensive competitor research, and recommending medium and long term strategies including actionable plans for continued growth

•           Analyze industry trends and recommend workable strategies to capitalise on opportunities and anticipate/manage upcoming challenges arising from changes in the industry roadmap

•           Assist in establishing the company’s overall strategy plan and to ensure departmental plans align with overall company strategic direction and track execution of these plans

•           Driving certain key organizational initiatives as determined by the Country President

 

Requirements and Experience

A fellow of either:

  • the Institute and Faculty of Actuaries of the United Kingdom
  • the Institute of Actuaries of Australia
  • the Canadian Institute of Actuaries
  • the Society of Actuaries of the United States of America
  • the Casualty Actuary Society of the United States of America or
  • holds any other qualifications as may be approved by Bank Negara Malaysia

 

  • possess at least three (3) years of relevant post qualification practical experience as a Fellow of one of the respective professional bodies
  • meeting the relevant continued professional development requirements
  • assessed by the NC to have met the fit & proper requirements as outlined the in the policy document on Fit & Proper Criteria
  • has adequate practical experience in or understanding of the Malaysian insurance industry and is familiar with Malaysian laws and regulations relevant to the conduct of insurance business
  • has adequate technical experience (which includes the use of relevant analytics) and has had key responsibilities in performing valuations of actuarial liabilities for general insurance
  • is well informed on emerging developments in insurance business and actuarial practice which are relevant to the duties of an appointed actuary
  • has adequate experience in engaging with members of the Board and senior management, in particular the ability to communicate and contextualize the results of technical actuarial assessments in a clear & comprehensive manner to key stakeholders who may not have actuarial background
  • good professional track record
  • has not been subject of findings of a material contravention of the standards of any actuarial professional body or any law or regulation relating to actuarial conduct
  • no conflict of interest that will impair the ability to effectively discharge the duties of an appointed actuary

Job Description

 

Apply

Email applications to eeling.chin@chubb.com.