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Assistant Manager

Closing: Nov 18, 2022

This position has expired

Published: Nov 14, 2022 (18 days ago)

Job Requirements

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Job Summary

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The job holder will provide actuarial support that includes IFRS17 Modelling, Valuation, Experience Investigations, Asset Liability Matching, Reinsurance and other actuarial special projects.

Education and Experience

  • Bachelors’ degree in actuarial science, statistics, engineering, mathematics or any equivalent with a strong emphasis on mathematical proficiency
  • Progress in passing actuarial qualification examinations.
  • At least 4 years’ experience in an actuarial function focused on valuation
  • Experience on IFRS 17 implementation
  • Practical end to end Prophet modelling experience


Responsibilities
The job holder will provide actuarial support that includes IFRS17 Modelling, Valuation, Experience Investigations, Asset Liability Matching, Reinsurance and other actuarial special projects.

Education and Experience

  • Bachelors’ degree in actuarial science, statistics, engineering, mathematics or any equivalent with a strong emphasis on mathematical proficiency
  • Progress in passing actuarial qualification examinations.
  • At least 4 years’ experience in an actuarial function focused on valuation
  • Experience on IFRS 17 implementation
  • Practical end to end Prophet modelling experience


Valuation:

  • IFRS17 implementation support including modelling and assumption setting support.
  • Accurate and timely calculation of technical provisions ensuring the application of appropriate valuation methodologies, models and assumptions.
  • Quarterly and annual valuations reporting and analysis
  • Preparation of regulatory returns on a quarterly or an ad hoc basis.
  • Collaborating with external actuaries and auditors on preparation of year end valuation reports, the Financial Condition Report and other Statutory reports.
  • Assist in developing and updating actuarial function related documents e.g., policies.
  • Production of and validation of actuarial reserves for statutory reporting and IFRS17
  • Assist in developing, checking and streamlining actuarial models and processes.
  • Assist in developing and updating actuarial function related documents e.g., policies.

Experience Investigation:

  • Assist with the experience investigations on key assumptions for pricing and valuations.
  • Sensitivity analysis and impact assessment of the various assumptions

Asset Liability Modeling (ALM):

  • Assist with the quarterly preparation of ALM calculations and presentations to management

Actuarial Modelling:

  • Prophet modelling of liability, Value of New Business (VNB), Pricing, IFRS17, ALM, Capital Modeling and Experience Investigations.

Profitability monitoring:

  • Sensitivity analysis and impact assessment of the various assumptions.
  • Assist in Value of New business calculation and analysis.
  • Provide support in reviewing and monitoring of internal experience and trends to ensure company product pricing meets profit targets
  • Prepare reports on product performance for management decision making


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