Associate, IFRS 17 Project

Job Description - Associate, IFRS 17 Project (210001VU)

Job Number:

210001VU

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As a LIFE company, our customers are at the heart of all that we do. Being one of Asia’s leading insurers for over a century, we have built a long-lasting legacy of trust with our customers over many generations. At the foundation of this trust is Integrity, Initiative, and Involvement – from the way we treat every customer relationship with honesty and transparency, to our proactive approach of delivering the best possible solutions in both life and general insurance.

The Role:

• Assist in implement and setup the new IFRS 17 reporting requirements. Ensure consistency implementation of IFRS 17 reporting requirements across GELM, GETB and GEGM. Ensure that the newly implemented process and procedures manual are well documented.
• Assist in designing a strategic framework which includes an assessment of the size of the transition block and recommendation for the best transition approach.
• Assist in the design and building of the Prophet model architecture for IFRS 17 calculation.
• Perform UAT on the Prophet Model and sub-ledger output.
• Maintain awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlight any potential concerns/risks and proactively share best risk management practices.
• Other responsibilities entailed.

The Person:

• Possess a recognized Tertiary in Statistics / Maths / Actuarial Studies Professional.
• Minimum 2 years actuarial related experience.
• Passed some actuarial exams in Faculty of Actuaries, Scotland / Institute of Actuaries, England / Institute of Actuaries, Australia / Society of Actuaries, US.
• Professional actuarial standards and code of conduct.
• Good communication skills - written and verbal.
• Fresh graduates can be considered but with good results in accountancy.
• High level of integrity, takes accountability of work and good attitude over teamwork.
• Takes initiative to improve current state of things and adaptable to embrace new changes.

Entity: Great Eastern Life Malaysia

Employment Type: Permanent