Posted 4 days ago
PBTB | Manager IFRS17 Reporting (Actuarial)
AI Summary
Manages IFRS17 reporting for a life/takaful insurer, overseeing planning, budgeting, forecasting, financial impact assessments, and actuarial model enhancements while guiding a team of actuaries.
About this role
Prudential’s purpose is to be partners for every life and protectors for every future. Our purpose encourages everything we do by creating a culture in which diversity is celebrated and inclusion assured, for our people, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and we support our people’s career ambitions. We pledge to make Prudential a place where you can Connect, Grow, and Succeed.
IFRS17 Reporting:
The successful candidate will be responsible for overseeing the following IFRS17 tasks:
-To perform and able to explain the key drivers for IFRS17 Planning, Budgeting and Forecasting work within the agreed timeline.
-To review and optimize the Budgeting and Forecasting process, ensuring efficiency and accuracy. Strengthen control to prevent process reruns.
-To perform IFRS17 financial impact assessment for annual assumption review, expense study and etc.
-To ensure IFRS17 Reports are produced with accurate results and to provide day-to day technical and managerial guidance to the Actuarial workstream.
-To lead the local implementation of IFRS17 solution enhancements/Day 2 items and actuarial model enhancement, collaborating with group office and local actuarial modelling team.
-To support on other projects e.g. actuarial related components for BNM Insurance and Takaful System Redevelopment (ITSR) and etc.
-To ensure proper SOP documentation.
-To build the capacity and experience of the team through training of junior team members.
Entry Qualification and Experience:
Relevant work experience in the Life / Takaful industry (minimum of 8 years is expected)
Good progress on actuarial exams
Proficient in using Prophet, Microsoft Excel
Proficient in English
Able to work independently
#LI-NH1
Prudential is an equal opportunity employer. We provide equality of opportunity of benefits for all who apply and who perform work for our organisation irrespective of sex, race, age, ethnic origin, educational, social and cultural background, marital status, pregnancy and maternity, religion or belief, disability or part-time / fixed-term work, or any other status protected by applicable law. We encourage the same standards from our recruitment and third-party suppliers taking into account the context of grade, job and location. We also allow for reasonable adjustments to support people with individual physical or mental health requirements.
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