Requirements

• As a Manager within the IFRS17 Actuarial team your role involves developing and implementing solutions both within the Insurance service line and in collaboration with other services lines.
• Good understanding of IFRS17 standards; hands-on implementation experience (desirable)
• Good understanding of the Prophet interface including Prophet objects like Accumulations, Structures, Enumerations and libraries like Summary, IFRS library etc.
• Strong hold on the development and/or modification of Extended formulas, both normal and t-dependent
• Good understanding of the IFRS 17 transition approaches and their requirements including FRA, MRA and FVA
• Ability to maneuver around existing modeling setup to incorporate the IFRS 17 cashflows
• Understanding of AoC concept and AoC steps (unwinding, roll forward, assumption changes, experience variances)
• Strong excel skills, capable of running and modifying macros used to transform Actuarial Cashflows
• Ability to develop regression models on excel to test the model developments like reconciliation of IFRS 17 BEL, Policy Loan cashflows, RA etc.
• Assessing the different possible Allocation drivers for allocating cashflows at an entity or Portfolio level into the ICG level
• Experience in creating Array formulas, dimensions and Variable groups in Prophet
• Ability to develop regression models on excel to test the model developments like reconciliation of IFRS 17 BEL, Policy Loan cashflows, RA etc.
• Assessing the different possible Allocation drivers for allocating cashflows at an entity or Portfolio level into the ICG level
• Experience in creating Array formulas, dimensions and Variable groups in Prophet
• Project management experience and ability to handle teams and multiple stakeholders
• Hands-on experience in actuarial valuation software such as Prophet / Axis / MG Alpha. Advanced level experience in one of these softwares will be valuable
• In-depth understanding of insurance products and regulations of one or more geographies
• We are looking for individuals who have a proactive attitude and are seeking the opportunity for personal and professional growth, leveraging and supporting our global network.

Qualifications

• 6+ years of experience in valuation / reporting / pricing or modelling function in life actuarial team of an insurance / consulting / outsourcing company
• Ability to multi-task and flexible work attitude packed with good analytical skills
• Experience of handling a moderate sized team will be an advantage
• Proficiency in MS-Office Suite, VBA, SAS, R Programming, Python, SQL, SPSS, etc., will be a plus

Qualifications

• Good actuarial exam progress
• Strong written and verbal communication skills for report writing, industry studies and stakeholder presentations
• Ability to review work done by junior members, ensuring quality of work product during time sensitive deadlines
• The ability to build relationships with colleagues across the business, support them and promote a collaborative environment
• Overseas exposure (especially Australia/UK/US/Europe market experience)