Associate, IFRS 17 Project

Great Eastern Life; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

Join a leading life insurance company as an Assistant Manager for the IFRS 17 Project in Kuala Lumpur. This role involves implementing new IFRS 17 reporting requirements, supporting model development, and engaging in risk management practices. Ideal candidates will possess a strong actuarial background and a commitment to professional standards.

Qualifications

• Minimum of 2 years of actuarial-related experience.
• Passed actuarial exams from recognized institutions.
• Excellent written and verbal communication skills.

Responsibilities

• Assist in implementing new IFRS 17 reporting requirements.
• Support the development of Prophet model architecture for IFRS 17.
• Conduct UAT on the Prophet model outputs.

Skills

Communication

Risk Management

Adaptability

Education

Tertiary qualification in Statistics, Mathematics, or Actuarial Studies

Job description

Job Description - Associate, IFRS 17 Project (210001VU)

Job Number:

210001VU

Discover the GREAT in your career.

As a LIFE insurance company, our customers are at the heart of all we do. With over a century as one of Asia’s leading insurers, we have built a legacy of trust across generations. This trust is grounded in Integrity, Initiative, and Involvement—from honest and transparent customer relationships to proactive delivery of the best insurance solutions.

Integrity, Initiative, and Involvement guide us. They inspire us to do the right thing, lead proactively, and prioritize team over individual success. Our mission is to enhance our customers’ lives because we understand what matters most to them and how to help protect it.

If you seek an exciting career full of growth opportunities, we invite you to join us as Assistant Manager, IFRS 17 Project.

The Role:

• Assist in implementing and setting up new IFRS 17 reporting requirements. Ensure consistent application across GELM, GETB, and GEGM. Document new processes and procedures thoroughly.
• Help design a strategic framework, including assessing transition options and recommending the best approach.
• Support the development of Prophet model architecture for IFRS 17 calculations.
• Conduct UAT on the Prophet model and sub-ledger outputs.
• Stay informed on industry trends related to regulatory compliance, emerging threats, and technological advancements to understand risks and enhance safeguards.
• Identify potential risks and share best practices in risk management.
• Perform other related responsibilities as needed.

The Person:

• Recognized tertiary qualification in Statistics, Mathematics, or Actuarial Studies.
• Minimum of 2 years of actuarial-related experience.
• Passed some actuarial exams from the Faculty of Actuaries (Scotland), Institute of Actuaries (England), Institute of Actuaries (Australia), or Society of Actuaries (US).
• Adherence to professional actuarial standards and conduct.
• Excellent written and verbal communication skills.
• Fresh graduates with strong academic results in accountancy may be considered.
• High integrity, accountability, and a positive team attitude.
• Proactive, adaptable, and open to embracing change.

Great Eastern Malaysia is committed to Equal Employment Opportunity. All qualified applicants will receive fair consideration for employment.

Entity: Great Eastern Life Malaysia

Employment Type: Permanent

Note to Recruitment Agencies: We do not accept unsolicited resumes. Please do not send resumes via email or to employees. We are not responsible for any fees related to unsolicited resumes.

About Great Eastern

Founded in 1908, Great Eastern prioritizes customer needs and maintains a culture rooted in our core values of Integrity, Initiative, and Involvement. We foster an inclusive environment, providing equal opportunities for all employees to excel and innovate.

Since 2018, we have been a signatory to the UN Principles of Sustainable Insurance, integrating ESG considerations into our business decisions to promote sustainability, environmental responsibility, and social impact.