Senior Actuarial Manager, IFRS 17 Senior Actuarial Manager, IFRS 17 …

AIA International Limited.
in Hong Kong
Permanent, Full time
Be the first to apply
AIA International Limited.
in Hong Kong
Permanent, Full time
Be the first to apply
Senior Actuarial Manager, IFRS 17
Bring your career aspirations to life with AIA!

Responsible for designing and maintaining the actuarial modelling framework and system for IFRS 17 to meet business needs and regulatory requirements. Ensure deliverables are in high quality.

Roles and Responsibilities:

- Develop data, system and process for IFRS 17
o Assess the data and assumption readiness for transition to IFRS 17
o Provide user requirement for various data and systems (e.g. Prophet, reinsurance system and sub-ledger) to IT
o Co-ordinate with IT or other parties to ensure the data and systems after development fulfill the user requirements
o Develop and maintain actuarial modelling framework, review model design, model controls, model constraints and coding efficiency
- Collaborate with Group Office in establishing IFRS 17 methodology
o Understand the HK product portfolio and assist in reviewing the accounting policy paper / practical guidance by Group Office
o Assess the assumption gap compared to IFRS 17 requirements and develop new assumptions
o Collaborate with Group Office in performing financial impact analysis, understand the impact on product profitability and formulate strategy
- Take responsibility for actuarial modelling projects, utilize existing data for sophisticated statistical analysis and modelling work
- Involve in detailed review and design of actuarial systems including relevant documentation, procedures and instruction manuals
Optimize software performance to ensure compatibility with latest technology
- Maintain the software's compliance with industry standards
Perform data and system UAT, and other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements

Minimum Job Requirements:

- University / College graduate in Actuarial Science or related disciplines
- Minimum 8 years of relevant experience
- Good progress in Actuarial professional examination
- Knowledge in insurance products and IFRS4/USGAAP, IFRS17 will be an asset
- Proficiency in Actuarial Software - Prophet, especially Prophet ALS is a plus
- Experience in data and system UAT is a plus
- Proficiency in MS Office
- Good written and verbal English skill. Good written and verbal Chinese skill is an advantage
- Fluent in Cantonese and English mandatory, Putonghua preferable

Build a career with us as we help our customers and the community live healthier, longer, better lives.

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