Assistant Actuarial Manager, IFRS17 Transition System & Data Management Assistant Actuarial Manager, IFRS17 Transition  …

Prudential Hong Kong Limited
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Be the first to apply
Competitive
Prudential Hong Kong Limited
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Be the first to apply
Competitive
Assistant Actuarial Manager, IFRS17 Transition System & Data Management
At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone's ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to what's happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.

IFRS 17 Transition Workstream manages the implementation for transition and determine the opening balance sheet ("OBS") as at transition date, determine the optimal transition approach, ensures the compliance with the IASB Standard and meets Group's financial & strategic objectives.

This role is mainly to assist the implementation for transition with a focus on system management, develop and build the valuation process including the data extraction, transformation and allocation, and perform financial results assessment.

Accountabilities:
  • Implementation for Transition: Develop the optimal transition system requirements and data transformation process used for the determination of IFRS17 Opening Balance Sheet; Develop and build the transition data extraction and allocation process to ensure that it is in line with the transition methodology and approach.
  • Financial Results Assessment: Assist to conclude on the technical position on the transition methodology and the approach from actuarial system and data perspective for meeting Group's financial & strategic objectives; Work with other IFRS17 teams to perform financial impact assessment, parallel run and the ad hoc financial assessment.
  • Governance & Controls: Ensure proper processes, governance and controls are in place for supporting the transition valuation process and the related audit review work
  • Stakeholder Management: Collaborate with various stakeholders (e.g. RHO, IT, FIN team, other IFRS17 teams and consultants) to ensure that the required deliverables can meet the agreed project schedule; Provide regular update of the project progress, findings and related analysis to various stakeholders (e.g. senior management and project manager) and escalate any potential show stoppers/ resources issues whenever necessary.


Requirements:
  • Associate of the Society of Actuaries or equivalent
  • University graduate
  • At least 5 years of relevant experience, candidates with less working experience will be considered as Senior Actuarial Associate
  • Solid experience in life insurance industry, preferably with financial reporting experience
  • Modelling experience in Prophet or other equivalent actuarial modelling software
  • Possess in-depth knowledge to the IFRS 17 standard would be an advantage
  • A team player with good interpersonal skills
  • Good command of both spoken and written English and Chinese


Close
Loading...