Assistant Manager, Group Actuarial Ifrs17

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