Assistant Manager /Manager, IFRS 17 Project

Great Eastern Life; Kuala Lumpur; On-site; MYR 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a driven professional to join their team as an Assistant Manager/Manager for the IFRS 17 Project. This role offers a unique opportunity to implement new reporting standards and contribute to the design of strategic frameworks that will shape the future of insurance actuarial practices. With a focus on integrity and involvement, you will engage in impactful work that directly influences the organization's success. If you are passionate about actuarial science and eager to make a difference in a dynamic environment, this position is perfect for you.

Qualifications

• Recognized Bachelor Degree or higher in relevant fields.
• Passed Intermediate actuarial exams recognized by BNM.

Responsibilities

• Implement IFRS 17 reporting requirements.
• Assist in designing and building the Prophet model architecture.

Skills

IFRS 17 Reporting

Actuarial Science

Mathematics

Statistics

User Acceptance Testing (UAT)

Impact Studies

Education

Bachelor Degree in Actuarial Science

Intermediate Actuarial Exams

Tools

Prophet Model

Job description

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 are 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 guide us. They motivate us to do the right thing, take the lead, and prioritize ‘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 / Manager, Actuarial (IFRS 17 Project) – GEGM.

The Role

1. Implement and set up the new IFRS 17 reporting requirements.
2. Draft and finalize the interpretation of IFRS 17 reporting standards into Technical Accounting Papers.
3. Assist in designing a strategic framework, including assessing the size of the transition block and recommending the best transition approach.
4. Assist in designing and building the Prophet model architecture for IFRS 17 calculation.
5. Perform User Acceptance Testing (UAT) on the Prophet Model and sub-ledger system.
6. Conduct Impact Studies and communicate findings to relevant stakeholders.

The Person

1. Possess a recognized Bachelor Degree or higher in actuarial science, mathematics, statistics, or other relevant fields.
2. Passed Intermediate actuarial exams in one of the actuarial associations recognized by BNM.
3. Good understanding of insurance actuarial principles. Knowledge of IFRS 17 general principles will be a value-added skill.
4. Minimum of 3 years in General Insurance (GI) actuarial valuation work, preferably including model development.