Associate, IFRS 17 Project (contract)

Great Eastern Life; Kuala Lumpur; On-site; MYR 40,000 - 60,000; Full time

Job summary

Join a leading insurance company as an Associate in the IFRS 17 Project. You'll assist in designing frameworks and defining business strategies post-IFRS 17 implementation. Ideal for those with actuarial backgrounds, offering growth opportunities in a team-oriented environment.

Qualifications

• Minimum 1-2 years of actuarial-related experience.
• Passed actuarial exams from recognized institutes.

Responsibilities

• Assist in designing a strategic framework for IFRS 17 implementation.
• Analyze differences in profitability measurement under current and IFRS 17 reporting.

Skills

Communication

Integrity

Proactivity

Education

Tertiary qualification in Statistics, Maths, or Actuarial Studies

Job description

Job Description - Associate, IFRS 17 Project (contract) (22000089)

Job Number:

22000089

Position: Associate, IFRS 17 Project

Discover the GREAT in your career.

As a LIFE company, our customers are at the heart of all 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 across generations. The foundation of this trust is 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 success. Our mission is to make life great for our customers by understanding their needs and helping protect what matters most.

If you seek an exciting career with growth opportunities, we invite you to join us as Associate, IFRS 17 Project.

The Role:

1. Assist in designing a strategic framework, including assessing the transition block size and recommending the best approach.
2. Assist in defining the business strategy post-IFRS 17 implementation, including:
1. Analyzing differences in profitability measurement under current and IFRS 17 reporting.
2. Analyzing IFRS 17 profit emergence patterns and recommending enhancements.
3. Designing the Transition Model and Impact Assessment.
4. Determining the post-implementation business strategy.
3. Maintain awareness of industry trends on regulatory compliance, emerging threats, and technologies to understand risks and safeguard the company.
4. Highlight potential concerns/risks and share best risk management practices.
5. Perform other related responsibilities.

The Person:

1. Possess a recognized tertiary qualification in Statistics, Maths, or Actuarial Studies.
2. Minimum 1-2 years of actuarial-related experience.
3. Passed some actuarial exams from the Faculty of Actuaries (Scotland), Institute of Actuaries (England), Institute of Actuaries (Australia), or Society of Actuaries (US).
4. Understanding of IFRS 17 reporting requirements.
5. Good communication skills—written and verbal.
6. Fresh graduates with good results may be considered.
7. High integrity, accountable, team-oriented attitude.
8. Proactive in improving processes and adaptable to change.

Great Eastern Malaysia is committed to Equal Employment Opportunity, ensuring fair and equal consideration for all qualified applicants.

Entity: Great Eastern Life Malaysia

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

About Great Eastern:

Founded in 1908, Great Eastern prioritizes customer-centricity. Our culture, guided by our core values of Integrity, Initiative, and Involvement, inspires us to uphold the highest standards of conduct and service. We promote inclusivity and equal opportunity, fostering a diverse environment where everyone can excel.

We are committed to sustainability, being a signatory to the UN Principles of Sustainable Insurance since 2018, and integrating ESG considerations into our operations and investments. Our goal is to promote a low-carbon economy, improve lives through health and wellness initiatives, and uphold responsible business practices.