MFRS17 Reporting
- To lead, review and ensure timely delivery and accuracy of monthly conventional MFRS17 reporting for data preparation and financial results.
- Analyse the MFRS17 Driver of Earning (DOE) results and present the monthly results to senior management.
- Understand the key drivers in financial results and provide useful insight to the management to make informed financial decision.
- Oversee and support the preparation of financial statement disclosure in accordance with MFRS17 requirements.
- To ensure effective communication on MFRS17-related matters with various stakeholders, i.e. senior management, Regional Office, etc.
- To provide input as needed for the development of business plan exercise based on MFRS17 perspective.
- Drive process improvement by identifying opportunities for streamlining processes and automation to improve overall efficiency of the team and reduce operational risks.
- Ensure proper documentation of MFRS17 reporting process SOP.
- Guide junior staffs and develop their skillset, as well as further improve their understanding on MFRS17.
Experience Study & Others
- Ensure the accuracy and adequacy of actuarial assumptions and continuously monitor the MFRS17 financials in support of the company's business strategy and objectives.
- To review the company’s annual experience studies to assess the reasonableness of the current assumption and to revise the assumptions whenever deemed necessary.
- To understand the risks from current company’s direction and recommend ways which can help improve our company’s earnings performance.
- Support in reviewing Reinsurance treaty, Pricing’s Core Assumptions Setting or any initiatives to ensure compliance with MFRS17 standard.
- To support various MFRS17-related impact assessment as needed to address any potential risks or challenges arising from any new initiative.