Actuarial Manager, IFRS 17

Actuarial Manager, IFRS 17

AIA Group
Hong Kong Macau
6-9 years
Not Specified

Job Description

Bring your career aspirations to life with AIA!Summary:
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
  • Assess the data and assumption readiness for transition to IFRS 17
  • Provide user requirement for various data and systems (e.g. Prophet, reinsurance system and sub-ledger) to IT
  • Co-ordinate with IT or other parties to ensure the data and systems after development fulfill the user requirements
  • Develop and maintain actuarial modelling framework, review model design, model controls, model constraints and coding efficiency
  • Develop the IFRS 17 reporting process flow
  • Collaborate with Group Office in establishing IFRS 17 methodology
  • Understand the HK product portfolio and assist in reviewing the accounting policy paper / practical guidance by Group Office
  • Assess the assumption gap compared to IFRS 17 requirements and develop new assumptions
  • 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

Minimum Job Requirements:
  • University / College graduate in Actuarial Science or related disciplines
  • Minimum 6 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.
You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.

Job Details

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About AIA Group

For a century, we have served millions of people and generations of families all around the Asia-Pacific region.AIA is the largest independent publicly listed pan-Asian life insurance group – with a presence in 18 markets across the Asia-Pacific region.Our Vision is to be the world’s pre-eminent life insurance provider. That is our service to our customers and our shareholders.Our Purpose is to play a leadership role in driving economic and social development across the region. That is our service to societies and their people.Our Promise to help people live Healthier, Longer, Better Lives.

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