Job Listing

MAIN PURPOSE OF JOB:
- Lead the IFRS and SII/NBV reporting teams to perform the valuation and related reporting.
- Ensure accurate and timely submission of local statutory and Group reports
- Ensure an accurate and timely submission of all local & statutory reports under TFRS17/TFRS9
- Lead the technical discussions with Group and regional stakeholders.
- Support the management in the overall financial and strategic communication to both our shareholders and their representatives.
- Lead/support on core technical topics with local management and other relevant stakeholders.
 

KEY RESPONSIBILITY AREA:
Statutory Reporting
- Lead and responsible for TFRS17 reporting. Ensure that reserves are accurate, and the analysis of profits can be delivered on time with effective commentary. Provide monthly actuarial reporting inputs including reserves and earnings results to accounting reports and KPI dashboard.
- Lead and ensure all regulatory submissions on TFRS17, statistics etc. are timely and accurate.
- Act as Actuarial team lead in the local implementation of IFRS17 ensuring that the BAU deliverables can be produced effectively and processes are set up efficiently. Collaborate with relevant stakeholders on gap analysis and solutioning. Study and prepare document on local positions on TFRS17 actuarial topics.
- Participate and represent the company in industry and regulatory discussion on TFRS17 or provide guidance to direct reports on this area.
- Ensure compliance with reporting standards, regulations, group internal policies and external auditors in these submissions.
- Manage queries and discussions with external auditors on local reserving.
- Support on local reserving and earnings queries from shareholders.

Group Reporting
- Lead and responsible for the monthly and quarterly reporting of IFRS17, NBV and Solvency II. Ensure that the deliverables are accurate and produced in accordance to the Group timeline. Ensure that the analysis is accompanied with insightful commentary and support monthly business reviews.
- Provide analysis on free cash flow, payback period, Economic Combined Ratio, strain, capital consumption and other key Group financial metrics.
- Ensure compliance with reporting standards, regulations, group internal policies and external auditors in these submissions.
- Present and manage technical discussions/clearance calls with Group and IMa. Ensure proper communication to Group and IMa stakeholders concerning UE & NI evolution.
- Manage queries and discussions with external auditors on Group reporting.

Other Actuarial Support:
- Deliver projections and results analysis for strategic plan, half-yearly forecasting, and pre-close analysis to drive sound financial and business decisions.
- Provide assessment on key financial metrics for the development of annual reports including Product Tree, Customer Value, Actuarial Function Holder etc.
- Support Product team on product profitability management and post-implementation review. Identify and highlight any risks and opportunities resulting from the analysis performed to the management.
- Support Risk team on the necessary analysis for the Risk Appetite Framework.
- Any other initiatives as assigned by direct manager and Chief Actuary.

Reporting Model & Assumptions
- Perform independent review of model/assumption changes and UAT for the in-scope reporting basis.
- Assess and communicate with group stakeholders regarding model and assumption changes. Make management aware in advance of any significant anticipated impacts on earnings.
- Propose modelling/assumption improvement to optimize processes and enhance accuracy of reporting.
- Support the model review of the stochastic behavior and parameters.
- Oversee the implementation and impact assessment of annual assumptions update on the various reporting basis including TFRS17, IFRS17, NBV and SII.

Staff Supervision
- Build a strong team with the required technical and soft-skills capabilities.
- Supervise, delegate, coordinate and review the team’s work. Provide suitable training where required.

Requirements:
- B.Sc or M.Sc in Actuarial studies / Statistics / Mathematics / Sciences
- Fellow of an Actuarial Society e.g. Society of Actuaries, Institute of Actuaries of Australia, Institute & Faculty of Actuaries
- At least 12 years life insurance working experience preferably in actuarial valuations or financial reporting. Between 3 and 7 years post-qualification as a Fellow or Associate.
- A good understanding of life insurance products
- Experience with IFRS17 is a requirement.
- A good knowledge of Excel and Prophet (or similar tools) is required.
- A good command of English, since it is the office language.