Manager, TIM Actuarial IFRS17

FWD Group; Kuala Lumpur; On-site; MYR 150,000 - 200,000; Full time

Job summary

A leading life insurance company based in Kuala Lumpur seeks an Actuarial Manager to lead the TIM IFRS17 team. This role involves managing the execution, validation, and analysis of IFRS17 production. Candidates should have 6 to 8 years of experience in actuarial functions, a fellowship from an actuarial body, and strong skills in Excel and Python. The position is critical for ensuring timely delivery of results and managing stakeholder expectations effectively.

Qualifications

• 6 to 8 years of insurance experience in actuarial functions.
• Strong understanding of actuarial valuation processes and IFRS17.

Responsibilities

• Lead the TIM IFRS17 team and manage execution of IFRS17 production.
• Ensure quality and on-time delivery of IFRS17 results.
• Manage relationships and expectations of stakeholders.

Skills

Actuarial functions experience

IFRS17 understanding

Excel skills

Python skills

Analytical skills

Education

Fellowship or nearly fellowship membership in actuarial body

Tools

Prophet

Job description

FWD Group (1828.HK) is a pan‑Asian life and health insurance business that serves approximately 34 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.

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 driving and delivering operational excellence and efficiency, fostering innovation and ensuring regulatory compliance across all business functions while maintaining a competitive edge in the market.

PURPOSE

Actively contribute to building the TIM IFRS17 team by leading and managing the execution, validation and analysis of the FWD centralised IFRS17 production for assigned business units, and supporting various actuarial initiatives/projects requested by the Group Office and business units across FWD Group.

KEY ACCOUNTABILITIES

1. As the team lead:
   • Lead, coach and manage the team’s performance, development and morale to ensure team members achieve their goals according to the expected performance standards.
   • Manage the resources and ensure adequate resource allocation in work arrangement.
   • Support the hiring of good talent.
2. As the IFRS17 CSM Country Lead:
   • Lead and manage the execution, validation and analysis of the IFRS17 results for assigned business units, and ensure quality and on‑time delivery of work.
   • Review result reasonableness of and internal consistency across various result templates, forms and reports.
   • Document result review findings and comments in the Q&A log.
   • Manage relationships and expectations of Group Office, assigned business units and other key stakeholders by developing a communication process to deliver defined production requirements within the agreed timeline and keep up‑to‑date production progress.
   • Coordinate incoming requests from Group Actuarial, BU, downstream teams such as Alteryx, Oracle and Group Finance.
   • Resolve… and, where necessary, elevate and communicate unprecedented and complex issues to Head of TIM IFRS17 and business units in a timely manner.
   • Communicate results to business units.
   • Review and approve updates to operation manuals based on learnings from the production cycle and discuss process or tool enhancements with IFRS17 CSM Development Lead.
   • Manage and prioritise ad‑hoc requests from Group Actuarial or BUs during result production.
3. Set project priorities for the team and oversee all project deliverables, including planning and managing the resources in delivering the actuarial initiatives/projects from Group Actuarial and business unit.

KEY PERFORMANCE INDICATORS

• Effectiveness of the model maintenance process and project delivery.
• Engagement and development of team members.
• Value added to local business units.

EXTERNAL & INTERNAL CONTACTS

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

QUALIFICATIONS / EXPERIENCE

• 6 to 8 years insurance experience in actuarial functions.
• Fellowship or nearly fellowship membership of an internationally recognised actuarial professional body.

KNOWLEDGE & TECHNICAL SKILLS

• Strong understanding of actuarial valuation processes and IFRS17.
• Solid Prophet experience.
• Strong 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 prioritise and balance multiple tasks or projects.
• Strong analytical skills.
• Good communication and presentation skills.
• Fluent in English speaking and written skills.

OTHERS

• Flexible to travel.