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Assistant Manager

1 month ago

Kuala Lumpur, Kuala Lumpur, Malaysia Great Eastern Life Full time

Job Description - Assistant Manager /Manager, IFRS 17 Project (220000IB)

Job Number:

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all that we do. Being one of Asia's leading insurers for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

Integrity, Initiative, and Involvement is what guides us. It is what makes us do the right thing, take the lead, and choose 'we' over 'me'. Our mission is to make life great for our customers because we understand what matters most to them, and we know how to help them protect it.

If you are looking to grow in an exciting career filled with opportunities and potential, we are seeking a professional to join our team as Assistant Manager, Actuarial (IFRS 17 Project) – GEGM.

The Role
  1. Implement and setup the new IFRS 17 reporting requirements.
  2. Drafting and finalisation of the interpretation of IFRS 17 reporting standard into the Technical Accounting Papers.
  3. Assist in design of a strategic framework which includes an assessment of the size of the transition block and recommendation for the best transition approach.
  4. Assist in driving the design and build of the Prophet model architecture for IFRS 17 calculation.
  5. Perform UAT on the Prophet Model and sub-ledger system.
  6. Conduct Impact Study and communicate to relevant stakeholders.
The Person
  1. Possess a recognised Bachelor Degree or higher in actuarial science/mathematics/statistics/other relevant fields.
  2. Passed Intermediate actuarial exam in one of the actuarial associations recognised by BNM.
  3. Good understanding of insurance actuarial principles. Good understanding of IFRS 17 General principle will be value-added.
  4. Minimum of 3 years in GI actuarial valuation work, preferably including model.
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