Associate Director, Valuation and Financial Reporting

JOB PURPOSE:
• Ensure that valuation processes for IFRS4 reserves (or IFRS17 reserves when applicable) and Capital/Solvency
(both Local and Canadian basis) are in line with actuarial principle and standards and statutory requirements.
• Lead the full implementation of IFRS17 in project mode basis and ensure compliance with IFRS 17 standard.
Ensure the continuation of IFRS 17 framework after implementation phase
• Develop, attract and retain talents for the team
• Lead ad hoc transversal analysis and communicate with Executive/Leaders team of SLV and senior Regional
Office stakeholders
KEY ACCOUNTABILITIES:
1. Lead IFRS17 implementation (30%)
Lead full implementation of IFRS17 in project mode basis and ensure compliance with IFRS 17 standard. Ensure
the continuation of IFRS 17 framework after implementation phase, including:
• Ensure that the deliverables (IFRS17 assumptions, implement changes to the setup of valuation model
to support the IFRS17 run, [protected info] documentations) are in a timely and high-quality
manner.
• Project the financial positions for Business Plan and quantify the product profitability under IFRS17. Advise feature of new products in view of IFRS 17 implications.
• Build content and Conduct IFRS17 Training for all actuarial staff of SLV
2. IFRS4 (or IFRS17 when applicable) Reserves and Capital (30%)
Ensure that valuation processes for IFRS4 reserves (or IFRS17 reserves when applicable) and Capital/Solvency
(both Local and Canadian basis) are in line with actuarial principle and standards and statutory requirements,
including:
• Set up and recommend changes as needed to ensure that Reserves and Capital comply with local
regulations and international standards.
• Ensure that deliverables are in a timely and high-quality manners with meaningful analysis of results.
• Review and propose changes in assumptions as appropriate. Prepare documentations, quantify impact
of the changes and communicate to the key stakeholders in both regional office and local.
• Lead Automation and improvement of valuation process.
3. Attract, Develop and Retain Talent for the Team (20%)
• Continue to attract talent to the team when any vacancy arises, as well as when the need expands.
• Coach the current staff of different levels in related actuarial knowledge, and communications skills
• Develop key talents in the team, such as providing guidance and support, driving career development
and/or training plan
• Identify and promote rotational opportunities for staff development, where possible
• Build a teamwork culture and strengthen team bonding and chemistry
4. Lead ad hoc transversal analysis, including but not limited to (10%)
• Profit emergence patterns by product and channels in both local and Canadian basis
• Impact of LICAT to VNB under Canadian basis
• Capital consumption of existing products
• Propose solutions to improve earnings
5. Other tasks assigned by Line Manager (10%)
COMMUNICATION SCOPE:
• Regional Office: Actuarial, Peer Review, ALM
• Local: Finance, Investments, Products, Distribution teams, IT, Operations, ALM
MANAGEMENT SCOPE:
• Total number of direct reports: 3
• Total number of staff managed (direct and indirect): 3