1. Financial Calculations and Analysis

Calculate insurance reserves, including Premium Liability and Claim Liability, for various products.

Analyze and assess risks associated with reserve calculations.

Determine appropriate insurance premiums by analyzing statistical data and market trends.

Adjust insurance premium structures to align with market conditions and risks.

2. Data Management and Reporting

Manage data from all reports issued by the actuarial department securely and efficiently.

Develop monthly portfolio data tools to enhance the efficiency of the Underwriting department and other departments.

Prepare operational reports and actuarial reports as assigned.

Develop assumptions used in calculations and analyses.

3. Product Development and Marketing

Collaborate with the product development team in designing and developing new insurance products.

Assess the financial feasibility and risks of new products.

Support the work of agents, marketing teams, agencies, and other departments.

4. Risk Management and Analysis

Assess and analyze the company's insurance risks.

Develop and improve risk models.

Ensure that underwriting aligns with the company's target groups.

Verify that underwriting through various channels aligns with company goals and channel risk management.

Implement risk management policies and procedures to ensure proper monitoring and accurate impact assessment.

Proactively address undesirable developments in the company's loss ratios and claim frequencies.

5. Compliance with Standards and Regulations

Possess basic knowledge of the new accounting standard IFRS 17 (considered an advantage).

Update and develop calculations in accordance with changing accounting standards.

Monitor changes in insurance-related regulations.

Provide advice on compliance with financial requirements and reporting to regulatory bodies.

Stay informed about new laws, regulations, rules, or criteria from relevant government agencies related to operations, such as the Securities and Exchange Commission (SEC), Anti-Money Laundering Office (AMLO), Office of Insurance Commission (OIC), or Bank of Thailand (BOT).

Analyze the impact of regulatory changes on company operations and recommend appropriate adaptation strategies.

6. Strategic Planning and Business Development

Support business strategy planning through in-depth data analysis.

Prepare financial forecasts and performance estimates.

7. System and Tool Development

Develop and improve systems and tools used for data analysis and actuarial calculations.

Design and develop dashboards for monitoring key financial and insurance Key Performance Indicators (KPIs).

8. Training and Knowledge Development

Conduct internal training on actuarial principles for other departments.

Serve as a technical consultant for questions related to actuarial calculations.

9. Research and Development

Monitor trends and innovations in the insurance industry.

Conduct research to improve actuarial methods and models.