Ho Chi Minh

Part Qualified

Associate

Senior Actuary

Life

Property & Casualty

Reserving

Reporting

Risk

Modelling

Coding

Pricing

Valuation

Consulting

About UsKPMG is a global network of independent member firms offering Audit, Tax, Legal, Advisory, and Consulting services. The firms work closely with clients, helping them to mitigate risks and grasp opportunities.In Vietnam & Cambodia, KPMG is one of the largest professional firms with offices in Ho Chi Minh City, Hanoi, Danang, and Phnom Penh. Established since 1994, we have 30 years of experience with more than 2,000 professionals.We lead with a commitment to quality and consistency across our global network, bringing a passion for client success and a purpose to serve and improve the communities in which member firms operate.KPMG's Risk Consulting is looking to recruit a candidate with strong knowledge and firm experience in Actuary to join our dynamic team, to provide world-class consulting services to our Insurance clients.Key Responsibilities<ul><li>Conduct Actuarial related consulting work within the life insurance sector including but not limited to evaluating effectiveness of controls of the valuation process, reviewing the experience studies and reasonableness of assumptions, assessing the adequacy of reserves against the statutory requirements.</li><li>Conduct due diligence project to review the Traditional Embedded Value (TEV) of life insurance client by building a simplified EV model to forecast the future EV for capital injection purpose.</li><li>Review Internal Capital Adequacy Assessment Process (ICAAP) for life insurance client.</li><li>Review actuarial valuation process for life insurer client.</li><li>Support IFRS 17 implementations, covering financial impact assessments, preparation of methodology papers and supporting clients with actuarial system calculation setup.</li><li>Assist in Business development: supporting Partners/ Directors in Business development; pro-actively managing client relationships, respond to client queries in an effective and timely manner.</li><li>Address any knowledge gaps through learning and adaptation as appropriate.</li><li>Contribute to continuous team improvement.</li></ul>Qualifications & Experiences<ul><li>Background:
<ul><li>Graduated from Actuaries Studies.</li><li>At least 5 years' experience in Actuary.</li><li>Having knowledge/ experience of Solvency II is a plus.</li><li>Professional qualifications: ASA (Associate of the Society of Actuaries), Chartered Enterprise Risk Actuary (CERA).</li><li>Master's degree, MBA is a plus.</li></ul></li><li>Language:
<ul><li>Good command of business English.</li></ul></li><li>Skills & other requirements:
<ul><li>Good analytical skills.</li><li>Strong organizational and time management skills.</li><li>Self-motivated and team player.</li><li>Enthusiastic, demonstrate "can do" attitude with an ability to learn quickly.</li></ul></li></ul>How to ApplyOnly shortlisted candidates will be contacted.

This Actuarial Analyst role will be an ideal opportunity to develop your experience and expertise in pricing and monitoring.Make your mark in ActuarialOur Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG’s major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. Within AIG Actuarial, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk.How you will create an impactVietnam roles and responsibilities:<ul><li>Responsible for setting up terms and conditions and pricing of insurance products.</li><li>Annual assessment & review of pricing assumptions vs. actual for each product.</li><li>Quarterly and annually sign off report on premium and GOE of each business line.</li><li>Responsible for setting technical reserve and report to MOF quarterly and annually.</li><li>Solvency calculation and sign off the solvency calculation report to MOF quarterly and annually.</li><li>Written report to CEO and Board any issue that potentially impacts to the Company’s finance status and make proposal to remedy the issue.</li><li>In case the issue imposes a potential breach to the solvency of the Company, written report to MOF within 5 working days since the date the issue is identified.</li><li>Assessment of the Reinsurance programs (treaties and facultative) before proposing to the Board and CEO for approval.</li><li>Certify that material insurance risks are being transferred under the reinsurance contracts.</li><li>Timely report to the Board any risk that may adversely impact to the Company’s finance status.</li><li>Work with ERM to perform stress testing, risk modelling, and prepare risk management report.</li><li>Work with Finance to separate owner’s fund with premium fund in accordance with regulatory requirements.</li><li>Sign off quarterly report on this matter to MOF.</li><li>Assessment of claims payment by the Company.</li><li>Quarterly and annually, written report to the Board and CEO on:
 <ul><li>Finance results of the Company.</li><li>Projection of the finance results.</li><li>Investment results which (a) specifying any risk incident / issue; (b) making proposal on the asset to be invested, and investment duration of each kind of asset as to ensure asset and liability (as committed under insurance contract) matching.</li><li>Actual vs. forecast loss ratio; technical reserve; and production.</li></ul></li><li>Annual self-assessment on Actuary responsibilities and report to MOF within 90 days after the end of a fiscal year.</li></ul>Malaysia Vietnam Indonesia Philippines Thailand roles and responsibilities:<ul><li>Peer review DVR results, carry out any side analyses needed</li><li>Support the team in budgeting and forecast processes</li><li>Support the team with any other ad-hoc projects including pricing exercises, data optimization projects, building monitoring frameworks/dashboards etc</li></ul>What you’ll need to succeed<ul><li>A Bachelor’s degree or equivalent in Actuarial Science.</li><li>Being an Associate member of a society / institute.</li><li>The ability to work under your own initiative, meet tight deadlines and prioritize your work.</li></ul>Ready for faster career growth? We would love to hear from you.Reimagining insurance to make a bigger difference to the worldAmerican International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world’s most far-reaching property casualty networks. It is an exciting time to join us — across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become.Welcome to a culture of belongingWe’re committed to creating a culture that truly respects and celebrates each other’s talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG’s greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations.AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories.AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to candidatecare&#64;aig.com.Functional Area:AC - ActuarialEstimated Travel Percentage (%): No TravelRelocation Provided: NoAIG Vietnam Insurance Company Limited

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