IFRS17 Actuary

  • 38279
  • Life - Actuarial
  • |
  • China
  • |
  • Sep 29, 2020
Reinsurance
RESPONSIBILITIES
  • Drive the IFRS 17 project actuarial related matters for Life China.
  • Liaise and stay connected with Life division core IFRS17 team, and the APAC IFRS17 Life team on all work streams, particularly on Methodology; FIA; Retrocession; Reporting; and Legal entity gap assessment.
  • Co-ordinate between various Life teams in China on IFRS17 matters.
  • Prepare summaries and presentation of status to CEO, China, and the APAC IFRS17 Life team.
  • Build strong relationships and work closely with finance teams.
  • Preparation of IFRS17 data.
  • Work together with the Life China actuarial team on actuarial assumption setting for Life division IFRS17 purpose, including economic and expense assumptions.
  • Modelling of IFRS17 cash flows, including BEL; RA; CSM - both for the Life division, and for the branch for local requirements.
  • Provide technical support on all questions related to IFRS 17 reporting relating to Life business, for China - on methodology; FIA; and local legal entity gap assessment.
  • Validate IFRS 17 methodology logic and/or actuarial interpretation and methodology, with feedback to the APAC IFRS17 Life team.
  • Produce financial impact assessment for Life China business periodically - both for the Life division, and for the branch for local requirements.
  • Translate IFRS 17 technical requirement into system and business requirements.
  • Stay connected with the IFRS17 communities within the broader industry.
  • Closely monitor and track status for China local IFRS17
QUALIFICATIONS
  • Qualified degree in Actuarial.
  • Expert understanding of IFRS 17 and specifies in China.
  • Solid knowledge of Actuarial systems.
  • 5 years of relevant experience in insurance industry.
  • Excellent verbal and written communication skills in Chinese Mandarin and English.
  • Solid analytical skills with strong problem-solving ability.
  • Must be able to work effectively independently and as part of a team.
  • Flexible, “can do” attitude with interest in career and skill development.
  • Disciplined and reliable.