Senior Analyst, TIM Actuarial IFRS17

Malaysia
Permanent
Full-time

2 months ago

About FWD GroupFWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and digitally 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.For more information, please visitFWD 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 drive and deliver operational excellence and efficiency, foster innovation and ensure regulatory compliance across all business functions as well as maintain a competitive edge in the market.PURPOSEResponsible to maintain and enhance the FWD Centralised IFRS17 CSM models independently and ensure compliance with the Group Model Governance policy as well as support the Actuarial initiatives/projects independently as required by Group Actuarial / business units ("BUs")KEY ACCOUNTABILITIES1. Provide guidance to junior team members in their daily tasks2. Support the development and maintenance of the FWD Centralised IFRS17 CSM model by/ through:

Independently performing the development and maintenance of the FWD Centralised IFRS17 CSM model for all business units, and ensure quality and on-time work delivery;
Provide trouble-shooting support to the IFRS17 CSM Operation team, Alteryx team, BUs and GO Actuarial during result production
Demonstrating an in-depth skills in the Model design, build, coding and testing and effectively apply the skills throughout the development, execution and improvement of modelling process;
Working in close collaboration with Group Actuarial and business units to deliver requests within the agreed scope and provide regular progress update;
Exercising judgement using established practices and skills to perform checking and regression tests, define and communicate change impacts and mitigation actions, as well as maintain documentations for key stakeholders;
Escalating issues or findings to the IFRS17 CSM Development Lead or manager on a timely manner; and
Ensuring all work is carried in accordance to Group policies and and controls

3. Propose improvements to the Centralized IFRS 17 CSM model and processes and discuss feasibility with manager and IFRS 17 CSM Development Lead4. Contribute as an experienced project resource in supporting the Actuarial project/initiative from Group Actuarial or business unitsKEY PERFORMANCE INDICATORS

Effectiveness of the model maintenance process and project delivery
Value added to local business units

EXTERNAL & INTERNAL CONTACTS

Group Actuarial
Local function head, managers and associates
Head of TIM IFRS17
IFRS17 CSM Development Lead and managers

QUALIFICATIONS / EXPERIENCE

3 to 5 years insurance experience in actuarial functions is preferred
Bachelor’s degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major
Good progress in internationally recognised actuarial professional examinations

KNOWLEDGE & TECHNICAL SKILLS

Good Prophet modelling and coding skills
Good understanding of Actuarial valuation processes, and IFRS17 are preferred

COMPETENCIES

Good team player
Good analytical skills
Good problem-solving skills
Good communication and interpersonal skills
Good in English speaking and written skills

OTHERS

Flexible to travel

FWD Group

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