Assistant Manager, TIM Actuarial IFRS17

FWD Group Management Holdings Limited; Kuala Lumpur; On-site; MYR 120,000 - 180,000; Full time

Benefits offered by this job

Flexible to travel

Job summary

FWD TIM, based in Kuala Lumpur, is seeking an experienced actuarial professional to assist the IFRS17 Country Lead in generating IFRS17 results for the BU. You will provide technical support, validate data, and coordinate with Group Actuarial, BU, and downstream teams to ensure timely, accurate results.

The role requires 5–6 years in actuarial functions, a bachelor’s in Actuarial Science or mathematics/statistics, and progress toward fellowship.

Qualifications

• 5 to 6 years insurance experience in actuarial functions.
• Bachelor's degree (or equivalent) in Actuarial Science or Mathematics/Statistics.
• Nearly fellowship member of an internationally recognised actuarial professional body.

Responsibilities

• Assist the IFRS17 Country Lead by providing technical support and ensuring on-time delivery of IFRS17 results.
• Coordinate with Group Actuarial, BU, and downstream teams for data validation and issue resolution.
• Maintain documentation and communicate impacts, mitigations, and updates to stakeholders.

Skills

IFRS17 knowledge

Actuarial valuation

Prophet

Python

Excel

Analytical skills

English communication

Education

Bachelor's degree in Actuarial Science

Actuarial fellowship candidate

Tools

Prophet

Job description

About FWD Group FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 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. For more information, please visit www.fwd.com 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

Assist the Head of TIM IFRS 17 or IFRS17 Country Lead by Managing IFRS17 results generation process for corresponding business unit ("BU").

KEY ACCOUNTABILITIES

Assist the IFRS17 Country Lead by providing technical and other general support or coaching to the team to ensure work quality is achieved accordingly. Assist the IFRS17 Country Lead by: managing the IFRS17 results generation process for corresponding BU, and ensuring quality and on-time delivery reviewing the generated IFRS17 results and ensure all validation passed or with reasonable justifications raising data issues and findings to BU Actuarial and/or finance, working closely with BU local data representatives on resolving data issues, propose workaround solution for BU to execute coordinating incoming requests from Group Actuarial, BU, downstream teams such as Alteryx, Oracle and Group Finance. managing updates, communication and project expectations with Group Actuarial and BU throughout the production cycle or ad-hoc runs and ensure successful delivery of IFRS17 results exercising judgement using advanced analytical skills and IFRS17 knowledge to perform checking and test, interpret, define and communicate impacts and mitigation actions, as well as maintain documentations for stakeholders analysing the issues and findings including practical recommendations to close relevant gaps or risks. Escalate issues to the IFRS17 Country Lead on a timely manner performing compliance checks and ensuring all time compliance with the Group Governance policy including the model documentation, modelling processes and controls. Analyzing and explaining results to business units Improving operation manuals based on learnings from production cycle and discussing further process or tool enhancements with the IFRS 17 Country Lead manage ad-hoc run requests from Group Actuarial or BUs during result production manage data preparation and other processes surrounding IFRS 17 results generation, as requested by the BUs Manage end-to-end Actuarial projects/initiatives from Group Actuarial and BUs.

KEY PERFORMANCE INDICATORS

Effectiveness, timeliness, and accuracy of the operation support Engagement and development of team members Value added to local business units

EXTERNAL & INTERNAL CONTACTS

Head of TIM IFRS 17 Local CA and IFRS 17 team Group Actuarial Group Finance Application Support Team Data validation team TIM IFRS17 CSM Development Lead and team

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

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

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 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. For more information, please visit www.fwd.com Follow us on LinkedIn