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

Generali; Kuala Lumpur; On-site; MYR 120,000 - 150,000; Full time

Job summary

A leading insurance company in Kuala Lumpur seeks a seasoned professional to oversee IFRS17 financial reporting. This role includes leading a team, ensuring compliance with regulations, and enhancing reporting processes and methodologies. Candidates must have at least 7 years of life insurance experience, with direct involvement in IFRS17 reporting and leadership. Strong skills in stakeholder management and communication are essential. This position offers an opportunity to shape financial reporting strategies in a collaborative environment.

Qualifications

• Minimum 7 years of experience in the life insurance industry.
• At least 3 years in IFRS17 reporting and 3 years in a leadership role.
• Good progress on actuarial professional papers.

Responsibilities

• Lead IFRS17 financial reporting function and ensure compliance.
• Oversee preparation of IFRS17-compliant financial reports.
• Establish internal controls and governance frameworks for reporting.
• Drive process optimization and system enhancement for reporting.
• Engage stakeholders and collaborate across functions.
• Mentor team members and oversee talent development.
• Lead or support strategic IFRS17-related projects.

Skills

Leadership

Stakeholder management

Communication

Strategic thinking

Problem-solving

Education

Degree in Actuarial Science or equivalent

Tools

Microsoft Office

Prophet

Financial reporting systems

Job description

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.