[ Actuary] IFRS 17, Expert

Mô tả Công việc
1. Job Purpose:
Serves as a core technical leader for the IFRS 17 implementation project, taking charge of designing complex actuarial methodologies, building valuation and reserving models compliant with IFRS 17 standards (GMM, VFA, PAA), and ensuring seamless integration between actuarial systems (e.g., Prophet) and the company's finance and accounting platforms
2. Key Responsibilities:
a. Technical Methodology Design:
• Lead the design and standardization of methodologies for Future Cash Flows, Risk Adjustment, Discount Curves, and Illiquidity Premium determination under IFRS 17 frameworks.
• Develop and establish level of aggregation criteria, including grouping rules for profitable and onerous contracts (Onerous Contracts testing).
• Define criteria and execute eligibility tests for the Variable Fee Approach (VFA) on participating and investment-linked products, as well as the Premium Allocation Approach (PAA).
b. Actuarial Modelling & Prophet Enhancement:
• Collaborate with IT and solution vendors to enhance existing actuarial models (specifically the Prophet Professional Liability model) to support CSM, Loss Component calculations, and tracking of estimate changes.
• Design the IFRS 17 calculation engine tailored for long-term contracts and reinsurance treaties.
c. Transition Strategy:
• Assess and recommend optimal transition approaches (Full Retrospective, Modified Retrospective, or Fair Value Approach) for each group of insurance contracts.
d. Governance & Cross-functional Collaboration:
• Act as the primary technical point of contact with external consultants and auditors regarding actuarial assumptions and results.
• Provide comprehensive training and technical knowledge transfer on IFRS 17 to internal actuarial teams and related business units (Finance, Risk).