Senior Analyst, TIM Actuarial IFRS17

3 days ago

Kuala Lumpur, Kuala Lumpur, Malaysia FWD Insurance Full time

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD's customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

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FWD Technology and Innovation Malaysia Sdn. Bhd., known as FWD TIM, was established in late 2019. Strategically located in Kuala Lumpur, FWD TIM serves as a pivotal shared service location within FWD Group, providing services to multiple markets across the Group. FWD TIM houses a diverse and talented workforce focused on essential business and technology services such as information security, cloud operations, IT solutions delivery, digital and data, actuarial, finance, investments, and customer service, among many others. FWD TIM is dedicated to drive and deliver operational excellence and efficiency, foster innovation and ensure regulatory compliance across all business functions as well as maintain a competitive edge in the market.

PURPOSE

Support the production of the FWD IFRS17 results for business units ("BUs") in accordance with Group policies and controls, as well as support the Actuarial initiatives/projects as required by the Group Actuarial and BUs.

KEY ACCOUNTABILITIES

1. Provide guidance to junior team members in their daily tasks

2. Support the production of FWD IFRS17 results by:

  • Independently performing BAU IFRS 17 production run support based on requirements from GO, and ensuring on-time delivery of production results;
  • independently performing IFRS17 model runs, and in-/output validation checks to ensure data and run process completeness
  • escalating issues or findings to manager on a timely manner and suggesting resolution ideas
  • supporting the investigation of issues observed in the runs
  • independently populating validation and result templates, forms and reports to be reviewed by manager and BUs
  • working with the BUs to understand data or input issues
  • explaining run issues to development team for troubleshooting
  • Supporting ad-hoc requests from Group Actuarial or BUs during result production

3.Contribute as an experienced project resource in supporting the Actuarial project/initiative from Group Actuarial or business units

KEY PERFORMANCE INDICATORS

  • Effectiveness, timeliness, and accuracy of the operation support
  • Value added to local business units

EXTERNAL & INTERNAL CONTACTS

  • Group Actuarial
  • IFRS17 Country Lead
  • Local function head, managers and associates
  • IFRS17 CSM Development Lead and managers

QUALIFICATIONS / EXPERIENCE

  • 3 to 5 years insurance experience in actuarial functions is preferred
  • Bachelor's degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major
  • Good progress in internationally recognised actuarial professional examinations

KNOWLEDGE & TECHNICAL SKILLS

  • Good understanding of Actuarial valuation processes and IFRS17 are preferred
  • Good Prophet experience
  • Good Excel skills
  • Good Python skills

COMPETENCIES

  • Good team player
  • Good analytical skills
  • Good problem-solving skills
  • Good communication and interpersonal skills
  • Good in English speaking and written skills

OTHERS

  • Flexible to travel

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