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.PURPOSESupport the production of the FWD IFRS17 results production for business units ("BUs") in accordance with the Group policies and controls, as well as support Actuarial initiatives/projects as required by the Group Actuarial and BUsKEY ACCOUNTABILITIES1. Support the production of FWD IFRS 17 results by:

Performing BAU IFRS 17 CSM production run support based on requirements from Group Office, and ensure on-time delivery of work
Performing consistency and completeness check on data received from BU
Performing IFRS17 model runs, and in-/output validation checks to ensure data and run process completeness
Escalating issues or findings to manager in a timely manner
Ensuring all work is carried out in accordance with Group policies, including the process documentation and controls
Assisting in the investigation of issues observed in the runs
Assisting in the population of validation and result templates, forms and reports to be reviewed by manager and BUs
Support ad-hoc run requests from Group Actuarial or BUs during result production
Support data preparation and perform other processes surrounding IFRS 17 results generation, as requested by the BUs

2. Support the Actuarial initiatives/projects from the Group Actuarial or BUsKEY PERFORMANCE INDICATORS

Effectiveness, timeliness, and accuracy of the operation support
Value added to local business units

EXTERNAL & INTERNAL CONTACTS

Head of TIM IFRS 17
Local CA and IFRS 17 team
Group Actuarial
Group Finance Application Support Team
Data validation team
TIM IFRS17 CSM Development Lead and team

QUALIFICATIONS / EXPERIENCE

2 years or less insurance experience in actuarial functions
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 Excel skills
Good understanding of Actuarial valuation processes and IFRS17
Good Python skills is preferred

COMPETENCIES

Good team player
Good analytical and 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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