Senior Manager, IFRS 17

fwd; Kuala Lumpur; On-site; MYR 180,000 - 240,000; Full time

Job summary

FWD Group in Malaysia seeks an experienced actuarial leader to head the IFRS 17 valuation and reporting function within the takaful ecosystem. You will drive end-to-end valuation work, ensure robust methodologies, and collaborate with Finance and IT to deliver accurate insights.

The role requires deep IFRS 17/MFRS 17 expertise, leadership experience, and the ability to communicate complex concepts clearly to senior stakeholders. Join a dynamic team shaping the future of takaful in Malaysia.

Qualifications

• Degree in actuarial science, mathematics, statistics, finance, economics, or related quantitative field.
• Actuarial qualification in progress or equivalent depth of experience.
• Strong experience in life insurance and/or family takaful actuarial work with IFRS 17/MFRS 17.
• Good understanding of IFRS 17 valuation.

Responsibilities

• Lead the IFRS 17 valuation team and build technical capability.
• Guide key MFRS 17 areas: contract grouping, CSM mechanics, risk adjustment, reporting.
• Oversee end-to-end valuation and reporting with strong governance and accuracy.
• Maintain IFRS 17 frameworks, processes, and controls for stable BAU reporting.
• Manage BAU cycles, address gaps, enhancements, and process improvements.
• Explain drivers of CSM, BEL, RA, NBCSM, and OPAT to stakeholders.
• Develop analyses and bridging tools to enhance transparency.
• Collaborate with Finance and other actuarial teams to align reporting.

Skills

IFRS 17 valuation

MFRS 17

Actuarial leadership

Stakeholder management

Education

Actuarial degree or quantitative discipline

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

About FWD Takaful Berhad

FWD Takaful Berhad (“FWD Takaful”) is a takaful provider in Malaysia that offers family takaful services. FWD Takaful is licensed under the Islamic Financial Services Act 2013 and is regulated by Bank Negara Malaysia. FWD Takaful is a takaful business unit of FWD Group.

Visit https://www.fwd.com.my

Join us

We're proud to be a company that encourages and nurtures fearless innovation in achieving our vision of changing the way people feel about takaful. Our teams come from a wide variety of industries and backgrounds because we value developing a truly diverse pool of talent that brings different perspectives and experiences. Our values - committed, innovative, proactive, open, and caring - define who we are and what we do as we work together to bring our vision to life, every single day.

Key Responsibilities

A. People & Leadership

• Lead, coach, and develop the IFRS 17 valuation team to build strong technical capability and reduce reliance on key individuals.
• Provide guidance on key MFRS 17 technical areas, including contract grouping, CSM mechanics, risk adjustment methodology, and reporting requirements.
• Foster a collaborative and inclusive team culture across actuarial, finance, IT, and cross-functional stakeholders.
• Share knowledge, best practices, and lessons learned to support smooth implementation and sustainable BAU processes.
• Communicate MFRS 17 concepts, impacts, and results clearly to align understanding and expectations across teams.

B. Business & Delivery

• Oversee the end-to-end delivery of MFRS 17 valuation and reporting , ensuring outputs are accurate, timely, and compliant with regulatory and internal governance requirements.
• Ensure robustness of valuation methodologies, assumptions, models, and disclosures in line with MFRS 17 standards.
• Maintain and strengthen IFRS 17 frameworks, processes, and controls, with a strong focus on stable and efficient BAU reporting.
• Manage BAU reporting cycles while addressing post-implementation gaps, enhancements, and ongoing process improvements.
• Review and explain key financial movements, including drivers of CSM, BEL, RA, NBCSM, and OPAT.
• Develop and maintain analysis and bridging tools (e.g. NBCSM and OPAT bridges) to enhance transparency and business understanding.
• Work closely with Finance and other actuarial teams to ensure alignment between IFRS 17 reporting and broader financial reporting metrics.
• Ensure compliance with BNM ITSR requirements in relation to actuarial systems, data governance, and reporting infrastructure supporting MFRS 17 valuation.
• Drive improvements in valuation systems, data flows, automation, and reporting efficiency.

C. Stakeholder & Customer Focus

• Provide accurate, timely, and clear IFRS 17 outputs and analysis to support Finance, Actuarial, and Management decision-making.
• Engage effectively with Group Office , external consultants, auditors, and regulators on IFRS 17 matters.
• Communicate key valuation insights, issues, and impacts in a clear and structured manner to facilitate informed decisions.
• Support internal and external audit processes, regulatory submissions, and related queries with well-documented analysis and responses.
• Collaborate closely with Finance, IT, Risk, and Product teams to ensure smooth end-to-end reporting and issue resolution.

D. Development & Continuous Improvement

• Enhance and embed robust BAU processes, ensuring clarity of roles, documentation, and team understanding of end-to-end workflows.
• Identify and implement improvements in valuation processes, controls, and documentation.
• Strengthen internal analytics capability, including development of meaningful management insights and performance metrics.
• Build leadership presence and communication effectiveness to guide teams and influence cross-functional stakeholders.
• Promote a mindset of continuous improvement, innovation, and operational excellence within the team.

Requirement

• A degree in actuarial science, mathematics, statistics, finance, economics, or another relevant quantitative discipline.
• Actuarial qualification, progress toward qualification, or comparable depth of relevant actuarial experience.
• Strong experience in life insurance and/or family takaful actuarial work, with significant exposure to IFRS 17 / MFRS 17 valuation and reporting .
• Good understanding of IFRS 17 valuation