ifrs 17 valuation, contract associate

Overview

Who you'll be working for

What requirements you'll need to be eligible

• Bachelor in Statistics/ Mathematic/ Actuarial Studies
• Passed or have exemptions in Preliminary/ Intermediate actuarial exams in one of the actuarial associations recognized by BNM
• Fresh graduate or less than 3 years of actuarial related experience
• Knowledge on:
  • Actuarial models (Basic);
  • Actuarial theories, practices and procedures (Basic)

What you'll be doing on the job

Job Scope:

• Assist in implementing and setting up the new IFRS 17 reporting requirements.
• Assist in IFRS 17 parallel run and other activities related to regular reporting.
• Assist in generating and performing analysis on Economic Scenario Generator scenarios used in Time Value of Guarantees calculations.
• Assist in quantifying Time Value of Guarantees of Par, Npar and Universal Life products.
• Assist in performing validation on the Prophet models developed by Actuarial Modelling team and IDR requirements build by IT.
• Assist in performing end-to-end UAT on the IFRS 17 reporting process.
• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
• Highlights any potential concerns /risks and proactively shares best risk management practices.

Consultant Contact