Analyst, TIM Actuarial IFRS17

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves more than 38 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 Technology and Innovation Malaysia Sdn. Bhd., known as FWD TIM, was established in late 2019. Strategically located in Kuala Lumpur, FWD TIM serves as a pivotal shared service location within FWD Group, providing services to multiple markets across the Group. FWD TIM houses a diverse and talented workforce focused on essential business and technology services such as information security, cloud operations, IT solutions delivery, digital and data, actuarial, finance, investments, and customer service, among many others. FWD TIM is dedicated to drive and deliver operational excellence and efficiency, foster innovation and ensure regulatory compliance across all business functions as well as maintain a competitive edge in the market.

PURPOSE

Support the production of the FWD IFRS17 results production for business units ("BUs") in accordance with the Group policies and controls, as well as support Actuarial initiatives/projects as required by the Group Actuarial and BUs.

KEY ACCOUNTABILITIES

• Support the production of FWD IFRS 17 results by

• performing BAU IFRS 17 CSM production run support based on requirements from Group Office, and ensure on-time delivery of work

• performing consistency and completeness check on data received from BU

• performing IFRS17 model runs, and in-/output validation checks to ensure data and run process completeness

• escalating issues or findings to manager in a timely manner

• ensuring all work is carried out in accordance with Group policies, including the process documentation and controls

• assisting in the investigation of issues observed in the runs

• assisting in the population of validation and result templates, forms and reports to be reviewed by manager and BUs

• support ad-hoc run requests from Group Actuarial or BUs during result production

• support data preparation and perform other processes surrounding IFRS 17 results generation, as requested by the BUs

• Support the Actuarial initiatives/projects from the Group Actuarial or BUs

KEY PERFORMANCE INDICATORS

• Effectiveness, timeliness, and accuracy of the operation support

• Value added to local business units

EXTERNAL & INTERNAL CONTACTS

• Head of TIM IFRS 17

• Local CA and IFRS 17 team

• Group Actuarial

• Group Finance Application Support Team

• Data validation team

• TIM IFRS17 CSM Development Lead and team

QUALIFICATIONS / EXPERIENCE

• 2 years or less insurance experience in actuarial functions

• Bachelor’s degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major

• Good progress in internationally recognised actuarial professional examinations

KNOWLEDGE & TECHNICAL SKILLS

• Good Prophet modelling and coding skills

• Good Excel skills

• Good understanding of Actuarial valuation processes and IFRS17

• Good Python skills is preferred

COMPETENCIES

• Good team player

• Good analytical and problem-solving skills

• Good communication and interpersonal skills

• Good in English speaking and written skills

OTHERS

• Flexible to travel