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Actuarial - IFRS17 Specialist

Job description


Our client, an international insurance company in Singapore is looking for candidates to join their expanding business as an Actuarial - IFRS17 Specialist.

Actuarial - IFRS17 Specialist

Key Responsibilities:
Transition

  • Perform data availability assessment and document the findings
  • Determine the transition approach based on the regional guidance
  • Work with modelling team to form a detailed model structure and create historical models for transition
  • Prepare the data including model, model points and assumptions in an auditable manner for transition runs
  • Assess the use of estimates and recommend the approach to create such estimates to achieve a desirable financial outcome
  • Participate in transition tool build for the opening CSM calculations
  • Perform model runs and financial analysis of the results for the opening CSM balance
  • Produce the opening balance sheet and its documentation in an auditable standard



Solution

  • Review and provide feedback to the regional deliverables for solution design & build that affect Actuarial
  • Act as actuarial advisor in local solution design & build
  • Support the development of data and system specifications for IFRS17
  • Support IT on source system enhancement based on the detailed data gap analysis
  • Provide actuarial support to IT in building the end-to-end ETL tools
  • Participate in UAT for ETL tools, source system changes and sub-ledger system, including business validation of the IFRS17 reports
  • Drive the development and implementation the new end-to-end reporting process and control for Actuarial
  • Provide actuarial support to the Finance division initiative on reporting process re-engineering



The ideal candidate will possess the following:

  • Degree in Actuarial, Mathematics, statistics, or Finance
  • 2 - 8 years of actuarial experience or any other analytical role
  • Actuarial qualification is preferred but not necessary
  • Good attention to detail and able to complete tasks efficiently and independently.
  • Good understanding of insurance products
  • Good working knowledge of Prophet systems and valuation data management program (such as SQL) is a plus



Interested candidates are invited to submit your resume to rachael.kow@ambition.com.sg

Due to the volume of applications received, we regret to inform you that only shortlisted candidates will be notified.

Data provided is for recruitment purposes only.

Business Registration Number: 200611680D

License Number: 10C5117

EA Personal Registration Number: R22107677

*LI - BF

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