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Introduction Of MASCO Structure Of Classification Starting Salary Guidelines
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Major Group
4
Clerical Support Workers
Sub-Major Group
43
Numerical and Material Recording Clerks
Minor Group
431
Numerical Clerks
Unit Group
4312
Statistical, Finance and Insurance Clerks
Minor Unit Group
MASCO Code
4312-15
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Actuarial Assistant supports actuarial teams by preparing, compiling, and analysing financial and insurance data used in risk evaluation and pricing analysis. They maintain accurate records, perform data validation, assist in generating actuarial reports, and support the development of actuarial models under the guidance of qualified actuaries. The role involves collaborating with actuarial, underwriting, and finance teams to support premium calculations, product pricing analysis, and regulatory reporting, while ensuring work aligns with relevant Malaysian insurance regulations and professional actuarial standards.
Tasks
Collect, compile, validate, and maintain actuarial and financial data from routine and special sources.
Assist in preparing actuarial, statutory, and financial reports.
Support the development, validation, and pricing analysis of actuarial models and insurance products under the guidance of qualified actuaries.
Conduct experience studies and analyse assumptions such as mortality, lapse rates, and other relevant factors.
Ensure the accuracy, integrity, and confidentiality of actuarial and financial data and records.
Coordinate with internal departments to gather required information for actuarial reports and analyses.
Support actuaries with administrative and project-related tasks.
Skills
Basic
Basic computer literacy, including proficiency in spreadsheets such as Microsoft Excel.
Clear communication and interpersonal skills to present findings and work with others.
Effective time management and organisational skills to meet deadlines.
Good numerical, analytical, and quantitative reasoning skills.
Strong attention to detail and accuracy in handling data.
Specific
Ability to handle large and confidential data sets responsibly.
Ability to support stochastic and deterministic modelling and actuarial data analysis.
Competency in maintaining actuarial documentation and accurate record-keeping.
Knowledge in actuarial principles and insurance and financial products.
Knowledge in actuarial, statutory, and financial reporting requirements.
Knowledge in local and international regulatory requirements.
Proficiency in actuarial software and statistical tools with basic programming.
Proficiency in Microsoft Office applications and related reporting tools.
Additional Info
QUALIFICATION
Certificate or equivalent
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