IFRS17 Assistant Manager / Manager from a Life insurer (Singapore)
Roles & Responsibilities
- Work on the overall process and controls of end-to-end process (DCS, Prophet…) of IFRS17 reporting, including review of Economic Scenario Generation and reasonability checking, TVOG model review and enhancement, profitability tagging checks, SAS extracts validation…etc.
- Conduct prophet modelling enhancements for IFRS17 and prophet production step-by-step check, being the key SME to trouble shoot and propose the root cause of issues, from technical perspective and Actuarial perspective.
- Review financial output from Prophet and work closely with IT department to implement changes for IFRS 17 purpose, developed as a subject matter expert on modelling, calculation logic and technical solution, provide asset share and Profit Comm inputs to Data Mart, LIR validation checks from Data Mart.
- Support the overall investigation on audit queries – ESG / TVOG / Prophet / BEL analysis / Replicating excel model.
- Consider business and regulatory compliance risks and be aware of potential impact from the decisions made, takes appropriate steps to mitigate the risks.
- Maintain awareness of industry trends, emerging threats when collaborating with internal/external stakeholders to understand the implication and better safeguard the company.
- Highlights any potential concerns and risks and proactively shares best practices.
- Support HOD to coaching and actively share knowledge to new joiners and junior staffs.
Qualifications:
- Degree holder in actuarial science
- Must have actuarial experience in life insurance (i.e. hands on working experience in prophet system, quarterly reserve movement analysis, IFRS reporting…etc.)
- Attention to details, maintain high standard of work quality