Manager, Actuarial – IFRS17

Bowtie Life Insurance Company; Hong Kong; On-site; HKD 1,000,000 - 1,400,000; Full time

Job summary

Jobtailor seeks an experienced Actuary to lead IFRS 17 implementation, overseeing modeling, data governance, and cross-functional collaboration in a Hong Kong setting.

You will manage end-to-end projects, validate assumptions, and streamline reporting for IFRS 17 disclosures while mentoring junior staff and coordinating with auditors and regulators.

Qualifications

• 7+ years actuarial experience with life or P&C insurance, reserving/valuation
• IFRS 17 implementation experience preferred
• Proficiency with actuarial modeling software and data tooling

Responsibilities

• Lead end-to-end IFRS 17 implementation including design and execution
• Coordinate with actuarial, finance, IT, and auditors
• Develop project plans, timelines, and risk mitigation
• Validate data inputs, assumptions, and calculations
• Automate IFRS 17 disclosures and reporting
• Support UAT and troubleshoot actuarial systems
• Present IFRS 17 results to senior management and regulators
• Mentor junior actuarial staff

Skills

Project management

Stakeholder engagement

Analytical skills

Communication skills

Education

Bachelor’s/Master’s in Actuarial Science

Actuarial certification (FSA/ASA)

Tools

Prophet

AXIS

Alteryx

R/Python

Job description

Responsibilities

• IFRS 17 Project Leadership: Lead the end-to-end implementation of IFRS 17, including technical analysis, solution design, and execution.
• Coordinate with cross-functional teams (actuarial, finance, IT, and auditors) to ensure alignment with regulatory requirements.
• Develop and maintain project plans, timelines, and risk mitigation strategies.
• Actuarial Modeling & Methodology: Review and enhance actuarial models (reserving, valuation, and forecasting) to comply with IFRS 17 requirements (CSM, PAA, GMM).
• Validate data inputs, assumptions, and calculation methodologies.
• Ensure accuracy and consistency in calculating insurance contract liabilities.
• Process & System Enhancements: Work with IT and data teams to implement actuarial software (e.g., Prophet, AXIS, or other IFRS 17-compliant tools).
• Automate and streamline reporting processes for IFRS 17 disclosures (quantitative and qualitative).
• Support testing (UAT) and troubleshooting of actuarial systems.
• Stakeholder Management & Reporting: Prepare and present IFRS 17 results to senior management, auditors, and regulators.
• Train and mentor junior actuarial staff on the principles and impacts of IFRS 17.
• Collaborate with finance teams to align IFRS 17 reporting with group accounting policies.
• Compliance & Governance: Ensure adherence to IFRS 17 timelines and regulatory deadlines.
• Document controls, assumptions, and methodologies for audit purposes.
• Monitor industry developments and best practices related to IFRS 17.

Qualifications

• Education: Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Finance, or related field
• Certifications: Near- or fully qualified actuary (FSA, ASA, or equivalent)
• Experience: 7+ years of actuarial experience, with at least 3 years in life or P&C insurance (preferably in reserving, valuation, or financial reporting)
• Proven track record in IFRS 17 implementation (or IFRS 4/US GAAP transitions)
• Strong knowledge of actuarial modeling software (e.g., Prophet, AXIS, Alteryx, or R/Python)
• Experience with data governance, ETL processes, and ERP systems (e.g., SAP, Oracle)
• Skills: Excellent project management and stakeholder engagement abilities
• Strong analytical, problem-solving, and communication skills
• Ability to translate complex actuarial concepts for non-technical audiences.