Senior Manager/Manager, IFRS 17 Financial Reporting (Life Insurance)

Generali Life Insurance Malaysia Berhad; Kuala Lumpur; On-site; MYR 200,000 - 250,000; Full time

Job summary

A leading global insurance provider in Malaysia is seeking an experienced professional to lead IFRS17 financial reporting. This role involves overseeing compliance with regulatory standards and ensuring accurate financial insights. Key responsibilities include managing a team, driving continuous improvements in reporting processes, and engaging with various stakeholders. The ideal candidate will have significant experience in the life insurance industry, particularly in IFRS17 reporting, and possess strong leadership skills. Opportunities for mentorship and professional development are included within the team.

Qualifications

• Minimum 7 years of experience in the life insurance industry.
• At least 3 years in IFRS17 reporting.
• 3 years in a leadership role.

Responsibilities

• Oversee preparation of IFRS17-compliant financial reports.
• Establish internal controls for IFRS17 reporting.
• Drive process improvement in reporting systems.
• Liaise with cross-functional teams and stakeholders.
• Mentor and develop team members.
• Lead strategic projects involving IFRS17.

Skills

Strong leadership and stakeholder management skills

Excellent communication and presentation abilities

Deep understanding of IFRS17 standards

Proficient in Microsoft Office, Prophet, and financial reporting systems

Strategic thinking and problem-solving capabilities

Experience in continuous improvement

Education

Degree in Actuarial Science or equivalent University degree

Tools

Prophet

Financial reporting systems

Job description

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Lead and oversee the IFRS17 financial reporting function, ensuring compliance with regulatory and Group standards. Responsible for strategic direction, team leadership, and cross-functional coordination to deliver high-quality financial insights and reporting under IFRS17

Responsibilities

1. IFRS17 Financial Reporting and Analysis

Oversee the preparation and review of IFRS17-compliant financial reports, including monthly, mid-year, and year-end statements.

Ensure accuracy, timeliness, and compliance with IFRS17 standards and internal policies.

Present key financial insights and performance indicators to senior leadership to support strategic decisions.

2. Governance, Controls & Methodology

Establish and maintain robust internal controls and governance frameworks for IFRS17 reporting.

Ensure methodologies are up-to-date and aligned with Group standards and regulatory requirements.

Lead responses to internal and external audit queries, ensuring transparency and compliance.

3. Process Optimization & System Enhancement

Drive continuous improvement in reporting processes, systems, and tools.

Collaborate with IT, Actuarial, and Finance teams to enhance data quality, automation, and reporting efficiency.

Ensure SOPs are documented and maintained for all critical processes.

4. Stakeholder Engagement & Cross-functional Collaboration

Act as the key liaison with Group Office, Actuarial, Risk, Product, and external consultants.

Lead cross‑functional initiatives and ensure alignment across departments on IFRS17‑related matters.

5. Team Development & Talent Management

Mentor and develop team members, fostering a high‑performance culture.

Identify training needs and support professional development within the IFRS17 team.

6. Ad‑hoc Projects & Strategic Initiatives

Lead or support strategic projects involving IFRS17 expertise, including system upgrades, financial restructuring, and regulatory changes.

Requirements

1. Education

Candidate with degree in Actuarial Science or equivalent University degree with good progress of actuarial professional papers.

2. Experience

Minimum 7 years of experience in the life insurance industry, with at least 3 years in IFRS17 reporting and 3 years in leadership role.

3. Skills

Strong leadership and stakeholder management skills.

Excellent communication and presentation abilities.

Deep understanding of IFRS17 standards and their practical application.

Proficient in Microsoft Office, Prophet, and financial reporting systems.

Strategic thinking and problem‑solving capabilities.

Collaboration with cross‑functional teams and continuous improvement orientation.

Insurance & Superannuation 1,001-5,000 employees

Your application will include the following questions:

• Which of the following statements best describes your right to work in Malaysia?
• What's your expected monthly basic salary?
• How many years' experience do you have in the insurance industry?
• How many years' experience do you have as an IFRS 17 Staff?
• How many years' experience do you have as a manager / team lead?
• How many years' experience do you have as an Actuarial Staff?

Generali is one of the largest global insurance and asset management providers. With over 190 years of insurance experience, we now serve 67 million customers in more than 50 countries worldwide. With a wide network of agents, partners, and branches nationwide, it is one of the largest general insurers in Malaysia, with close to 2 million customers. It strives to further its ambition of being a trusted lifetime partner and, more importantly, enable people to shape a safer and more sustainable future by caring for their lives and dreams. From business to home and mobility to health, it offers comprehensive protection solutions to bring genuine value to individuals, families, and businesses.