Assistant Manager, Group Actuarial Ifrs17

5 months ago


Kuala Lumpur, Malaysia FWD Insurance Full time

About FWD Group

FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance.

For more information please visit

FWD Technology and Innovation Malaysia Sdn. Bhd., known as FWD TIM, was set up in late 2019 and is part of the FWD Group. FWD TIM in Malaysia is one of the FWD Group’s office locations serving multiple markets within FWD Group and employing team members in various functions including Group Digital & Data, Digital Innovation, the IT Hub and our Centre of Excellence comprising Actuarial, Finance and Product Proposition functions.

PURPOSE

Assist the IFRS17 CSM Development Lead by:

- Coordinating incoming requests and managing the maintenance and enhancement of the FWD Centralised IFRS17 CSM model for all business units ("BUs"), while ensuring compliance with the Group policies.

KEY ACCOUNTABILITIES

1. Assist the IFRS17 CSM Development Lead by providing technical and other general support

2. Assist the IFRS 17 CSM Development Lead by coaching the developers to ensure work quality is achieved accordingly

3. Assist the IFRS17 CSM Development Lead in providing the FWD Centralised IFRS17 CSM modelling services to all business units by:

- Managing the maintenance and enhancement of the FWD Centralised IFRS17 CSM model for all business units, and ensuring quality and on-time delivery
- Provide trouble-shooting support to the IFRS17 CSM Operation team, Alteryx team, BUs and Group Actuarial during result production
- Demonstrating advanced skills in the overall end-to-end modelling process and ensuring that the modelling is effectively controlled and maintained, with accurate financial results generated;
- Manage updates, communication and project expectations with BUs throughout the project delivery and ensure successful implementation according to the defined modelling services
- Exercising judgement using advanced analytical skills to perform checking and regression tests, interpret, define and communicate change impacts and mitigation actions, as well as maintaining documentations for stakeholders
- Analysing issues and findings including practical recommendations to close relevant gaps or risks. Escalate issues to the IFRS17 CSM Development Lead on a timely manner
- Performing compliance checks and ensuring all time compliance with the Group policies control framework.

4. Lead and manage end-to-end Actuarial projects / initiatives from Group Actuarial and BUs

KEY PERFORMANCE INDICATORS
- Effectiveness of the model maintenance process and project delivery
- Engagement and development of team members
- Value added to local business units

EXTERNAL & INTERNAL CONTACTS
- Group Risk and Actuarial Committee, ALM Committee and IFRS17 Project Steering Committee
- Local Country CA, CRO, investment/ALM teams and function head
- Head of TIM IFRS17
- IFRS17 CSM Development Lead

QUALIFICATIONS / EXPERIENCE
- 5 to 6 years insurance experience in actuarial functions
- Bachelor’s degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major
- Nearly fellowship member of an internationally recognised actuarial professional body

KNOWLEDGE & TECHNICAL SKILLS
- Strong Prophet modelling skills
- Good understanding of Actuarial valuation processes and IFRS17 are preferred
- Good analytical skills

COMPETENCIES
- Good team leadership and management skills
- Good facilitation, negotiation and problem resolution skills
- Good strategic thinking ability to prioritize and balance multiple tasks or project.
- Strong analytical skills
- Good communication and presentation skills
- Fluent in English speaking and written skills

OTHERS
- Flexible to travel



  • Kuala Lumpur, Malaysia FWD Insurance Full time

    About FWD Group FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products,...


  • Kuala Lumpur, Malaysia FWD Insurance Full time

    About FWD Group FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products,...

  • Actuarial Executive

    5 months ago


    Kuala Lumpur, Malaysia Chrisjac Recruitment Services Full time

    **Position title: Actuarial Executive.**: - **Salary: RM 5000-6000.**: - **Job location: City center (5-day week), Kuala Lumpur.** Our client is an established public listed company with main core of business activities in financial services, insurance and information technology. Their corporate head office is based at city center in Kuala Lumpur....


  • Kuala Lumpur, Malaysia FWD Group Management Holdings Limited Full time

    Manager, Group Actuarial **About FWD Group** FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and...

  • Actuarial Executive

    5 months ago


    Kuala Lumpur, Malaysia Chrisjac Recruitment Services Full time

    **Position title: Actuarial Executive.**: - **Salary: RM 5000-6000.**: - **Job location: City center (5-day week), Kuala Lumpur.** Our client is an established public listed company with main core of business activities in financial services, insurance and information technology. Their corporate head office is based at city center in Kuala Lumpur....


  • Kuala Lumpur, Malaysia FWD Insurance Full time

    About FWD Group FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products,...

  • Deputy Manager, Ifrs17

    5 months ago


    Kuala Lumpur, Malaysia Prudential plc Full time

    Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career...


  • Kuala Lumpur, Malaysia Zurich Insurance Full time

    Job Summary- Actuarial Service Centre Asia Pacific (ASCAP) is a regional Centre of Excellence for Zurich Insurance Group, providing actuarial modelling, reporting and consulting services to the Zurich APAC regional office and Business Units in the APAC region.- We are looking for a Life Insurance valuation and modelling actuary for the development of...


  • Kuala Lumpur, Malaysia Agensi Pekerjaan DLS Consultancy Sdn Bhd Full time

    This role supports the Chief Reserving Actuary in delivering a wide range of responsibilities. The role is expected to perform more complex actuarial analyses, in relation to reserving, reporting and quantitative risk management: **Responsibilities**: - Supervise annual and quarterly valuations of general insurance liabilities in accordance to generally...


  • Kuala Lumpur, Malaysia Great Eastern Malaysia Full time

    Assistant Manager/ Manager, Actuarial Valuation **Job Summary**: Actuarial Assistant Manager/ Manager with responsibilities for Prophet management, stress testing, and business planning. Prophet Modelling - In charge of managing the Prophet model to ensure accuracy and consistency of the results produced by the actuarial model. This includes modelling new...


  • Kuala Lumpur, Malaysia AIA Full time

    At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone. - It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our...


  • Kuala Lumpur, Malaysia Zurich Insurance Full time

    **Job Summary** Leads a team to deliver routine actuarial tasks and recommendations requiring mínimal direct supervision, and to perform more complex actuarial analyses under the supervision of more senior actuaries, in relation to reserving, reporting, risk management or the capital management of the business. **Job Accountabilities** Main...


  • Kuala Lumpur, Malaysia FWD Takaful Berhad Full time

    KEY ACCOUNTABILITIES - On time delivery of project milestones - Assist in reviewing financial impact assessment and expense study required for IFRS17 - Review and maintain DPL tables required for subledger - Review Prophet modeling changes to incorporate MFRS / IFRS 17 requirements, including ensuring all required procedures and documentation are completed...

  • Manager, Actuarial

    5 months ago


    Kuala Lumpur, Malaysia Great Eastern Malaysia Full time

    Manager, Actuarial **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 insurer 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 I **ntegrity, Initiative, and Involvement**: -...


  • Kuala Lumpur, Malaysia FWD Insurance Full time

    About FWD Group FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products,...

  • Actuarial Executive

    5 months ago


    Kuala Lumpur, Malaysia Chrisjac Recruitment Services Full time

    **職位名稱:精算主管。**: - ** 薪資:RM5000-6000。**: - ** 工作地點:吉隆坡市中心(每週工作 5...

  • Manager, Actuarial

    6 months ago


    Kuala Lumpur, Malaysia Great Eastern Malaysia Full time

    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 insurer 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...

  • Actuarial Executive

    5 months ago


    Kuala Lumpur, Malaysia Chrisjac Recruitment Services Full time

    **職位名稱:精算主管。**: - ** 薪資:RM5000-6000。**: - ** 工作地點:吉隆坡市中心(每週工作 5 天)。** **職位描述** 我們的客戶是一家成熟的上市公司,主要核心業務為金融服務、保險和資訊科技。他們的公司總部位於吉隆坡市中心。目前他們正在招募經驗豐富的...

  • Manager, Actuarial

    1 month ago


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

    **Actuarial Manager Role** Seeking an experienced professional to coordinate and manage actuarial assignments, particularly in IFRS 17 reporting, with a focus on group-level collaboration and support. **Job Description** As a key member of our team, you will be responsible for: * Developing and maintaining IFRS 17 model architecture across all GI...

  • Manager, Actuarial

    4 weeks ago


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

    Job Summary: We are seeking an experienced Manager, Actuarial to coordinate and manage actuarial assignments that require group-level collaboration and support, particularly in the area of IFRS 17 reporting.As a champion of Integrity, Initiative, and Involvement, our core values guide us in making life great for our customers. We are committed to Equal...