Actuarial Executive

Responsibilities

IFRS17 Reporting & Process Enhancement

• To prepare and ensure timely delivery and accuracy of monthly IFRS17 reporting for data preparation and reserve analysis.
• To ensure proper documentation of IFRS17 reporting process SOP.
• To prepare the financial statement under IFRS17 basis.
• To work closely with auditor to ensure our IFRS17 position is compliance to standard.
• To liaise with project team, Finance and IT department to ensure that IFRS17 requirements are well-integrated into overall system design
• To develop the model validation requirement for IFRS17 and share with modelling team.
• To validate on the consolidation of non-modelled products in reporting process.
• To enhance the actuarial IFRS17 reporting process to meet t + 5 timeline.
• To assist in building reporting template under IFRS17 standards and ensure that the process is ready to meet RO submission requirement
• To work on end-to-end process UAT testing if there is change in system design.

Prophet Modelling Support

• To support the maintenance and testing of Prophet actuarial models.
• To assist in model enhancements, new product implementation, and documentation.
• To perform model validations and reconciliations to ensure reporting accuracy.
• To contribute to process improvement and automation initiatives to enhance model efficiency.

Annual Experience Study

• To conduct the company’s annual experience studies to access the reasonableness of the current assumption and to revise the assumptions whenever deemed necessary.
• To ensure compliance to regulatory regulations, rules and guidelines on work being performed and any regulatory submission.

Requirements

• Degree in Actuarial Science or similar; passing of preliminary actuarial examinations.

• 1 year of work experience in Actuarial, preferably with Prophet modeling experience.

• Competent use of tools such as spreadsheets, Prophet valuation software, generative AI.

• Knowledge of actuarial principles, spreadsheet management, data extraction programming, Prophet actuarial software, and Visual Basic for Excel.