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Actuarial Assistant Manager


Job Summary


Actuarial Service Centre Asia Pacific (ASCAP) is a regional Centre of Excellence for Zurich Insurance Group, providing actuarial modelling, reporting and consulting services to the Zurich APAC regional office and Business Units in the APAC region.


We are looking for a Life Insurance valuation and modelling actuary for the development of financial models, MCEV & NBV and IFRS17 reporting, calculation of insurance reserves and risk analysis (e.g. economic capital), etc.

This is an excellent opportunity to work with a spirited and highly capable team, and gain exposure to the full
spectrum of actuarial valuation work across the APAC region for business units at various stages of maturity.

Job Accountabilities - Key Accountabilities


Financial Modelling

  • Develop, enhance and review Prophet Models in accordance with the Prophet Development Framework
  • Produce documentation for the Prophet developments.
  • Provide guidance to junior actuaries for Prophet modelling activities.


Financial Reporting

  • IFRS17 analysis and report.
  • New Business Value and Market Consistent Valuation: produce New Business Value and Economic Capital analysis and report.
  • Carry out local regulatory financial reporting for Business Units in the region.
  • Analyse results and provide insight to stakeholders in both the Asia Pacific business units and Corporate Centre, taking into account relevant business context.


Advisory and Consulting

  • Provide ad hoc support to Business Units in the region on business planning, experience studies and assumption setting, capital modelling etc.
  • Provide project (e.g. M&A) support to Business Units and APAC regional office.
  • Assist methodology development and production of analysis of profit.
  • Identify areas for improvement in modelling and reporting processes and drive improvement initiatives.
  • Coaching and development of junior members.


Job Qualifications


  • Minimum 4 years of relevant working experience in the life insurance industry
  • Degree qualified, preferably in Actuarial studies
  • Good progress towards professional qualification with an internationally recognised body (SOA, IA, IAA)



  • Experience in Prophet modelling is essential, knowledge of stochastic modelling, VBA/SQL programming is a bonus
  • Familiarity with IFRS17, embedded value and economic capital concepts
  • Knowledge of accounting concepts including an understanding of revenue accounts and balance sheet
  • Knowledge of statistical and actuarial tools and techniques


You are the heart & soul of Zurich! 

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? 

We highly value the experience and know-how of our employees and offer a wide range of opportunities across business areas to encourage you to apply for new opportunities within Zurich when you are ready for your next career step. 

Let’s continue to grow together!


  • Location(s):  MY - Kuala Lumpur 
  • Schedule: Full Time
  • Recruiter name: Eilma Fatehah Sabri
  • Closing date:

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