Manager, Actuarial Valuation (IFRS17)

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

FWD Vietnam was established in 2016 and is a member of FWD Group. For more information, please visit www.fwd.com.vn

To supervise the actuarial IFRS reporting and strengthen controls per group standards.

THE JOB:

• Focus on building up rigorous valuation control process in accordance with Group-wide supervision (GWS) regime:

  1. Revision/ updating of local processes and structures: more effective business processes, enhanced governance structures, robust controls and testing, capital assessments, etc to be fully compliant with Group policies.  

  2. Data and reporting enhancement:

- Provide insightful analysis for group-wide consolidation to be reported to HK regulators, and public matters, and enhance capital modelling capabilities

- Prepare and provide additional data to

​- Group and/ or continue submission of existing data

- Manage data in line with Group Data Quality Policy

3. Assurance for high-quality deliverables: to be accurate, timely and sufficiently comprehensive.

4. Implementation of economic capital methodology: implement and calculate economic capital, and regulatory capital and incorporate both in aiding local decision-making

• Lead IFRS4 routine reporting.
• Lead the review of IFRS17 implementation project with strong IFRS 17 & 9 understanding.
• Augment thorough overview & enhanced commentaries in IFRS reporting dashboards for management to take timely and actionable decisions (MI and FD).
• Lead valuation control to be in line with Group model governance policy and valuation modelling tasks.
• Co-ordinate with finance department in Management Information reports, re-forecast and business plan to ensure quality results are delivered on time.
• Demonstrate leadership to manage the team

THE PERSON:

• Degree holder of any disciplines, (Mathematics/Actuarial Science with good progress in pursuing professional qualifications would be an advantage).
• Has good experience in valuation, financial reporting and modelling areas (06-08 years).
• Preferably ASA (required for Senior Manager) or close to ASA with at least 8 Associate Exams (Manager level).
• Preferably has experience in valuation and modelling areas.
• Prophet experience is a plus.