IFRS17 Actuarial Analyst / Assistant Manager from a Life Insurer (Japan)
Integrated reporting is a newly setup department with the primarily focus to bring the Japan IFRS reporting up to the international standard for Group compliance requirement. Succeeding the development from IFRS17 project group, Actuarial Department and Accounting Department for IFRS17 go-live from 1st Jan 2023 onward.
IFRS will be the key financial statement for the group and providing management information to upper stakeholders of the insurance Groups. Therefore, in additional to the traditional Actuarial and Accounting functions which primarily focus on local compliance and traditional valuation, a new department is established to focus on Group wide international reporting standard.
The candidate is expected to have wide exposure to modern actuarial valuation, advance actuarial modeling, analytic in management report and international accounting standard. The position covers primarily the following areas:
1) Perform regular actuarial valuation for IFRS17 reporting to produce BEL, RA, TVOG balance.
2) Operate modern Actuarial system including DCS (Data conversion system), Prophet model, IDR (Insurance data repository), and Python to generate transaction for Group-wide calculation engine
3) Prepare control files in ensuring completeness of the valuation result and accuracy in applying operating and economic assumptions
4) Assist in financial result analysis and breakdown upon management and reviewers need
5) Provide recommendations in process streamline and efficiency enhancement in the actuarial process
6) Assist in any Finance and Actuarial projects whereas actuarial knowledges can contribute to
Requirement:
- 2-6 years of actuarial reporting/valuation experience
- Experience with Prophet modelling, IFRS and Group reporting is preferred
- Associate or in pursuit of a recognized international actuarial professional body
- Business level speaking and written English
- Passionate and interested in Actuarial modeling and multinational reporting
- Hands on Actuarial modeling, Excel, data handling (eg. SQL, SAS, Power BI) skills
- Attentive to details and open minded to learn the latest actuarial practices
- Japanese proficiency is not necessary but considered a plus
- Candidate with less experience will also be considered