Your new company

Leading global Life Insurance in Malaysia

Your new role

• Responsible for IFRS prophet model validation, new products implementation and model optimisation

• Assist to produce, understand, maintain, explain, and enhance the model used for IFRS 17 calculation (including liability, asset-liability strategy, drivers of earnings and contractual service margin models

• Analysis on valuation of life insurance liabilities under IFRS 17, perform reserve movement analysis and financial impact assessment on actuarial assumption setting

• Gap analysis between IFRS 4 and IFRS 17 financial result

• Support for transition and merging of IFRS 17-related development/enhancement

• Support for basis change, capital reporting and other valuation requirements

• Provide support in data preparation, pre-implementation testing and methodology setting on IFRS17 reporting process and End-to-End IFRS 17 system User Acceptance Testing (UAT)

• Provide support in rolling out the IFRS 17 into BAU and analysis to support IFRS 17 forecast, business plan, audit and other project such as Experience Studies

• Study the solvency impact after adoption of IFRS 17 and provide solution so that GBSN is in adequacy position.

• Prepare monthly provision/bonus revision adjustments to reflect the experience variance, market movement and matching between Asset Share and insurance liabilities under IFRS 17.

• Study the time value of option and guarantees (TVOG)/market variables and enhance in IFRS 17 model

• Provide guidance and support to other departments for the development of the Prophet-based impact assessment and transition tool

• Implement and ensure appropriate controls are in place for IFRS17 reporting process

• Proactively contribute to the ongoing development of new IFRS 17 process and automation initiatives

• Identification of gaps, areas of IFRS17/9 alignment and impacts

What you'll need to succeed

• Degree in Actuarial Science or equivalent, with minimum of 3 years of related actuarial experience

• Knowledge in Prophet Software is an advantage

• Preferably candidates who has completed at least 2 professional actuarial examination papers

• Independent, proactive, and able to work with minimal supervision

What you'll get in return

• Learning & Growth

• Career Advancement

• Leadership

What you need to do now

If you're interested in this role, click 'apply now' to forward an up-to-date copy of your CV, or contact Xiang Qin at xiangqin.foong@hays.com.my or +60176563650

If this job isn't quite right for you, but you are looking for a new position, feel free to reach out for a confidential discussion on your career.