Job Description Summary
A career within Actuarial Services and Financial Risk Modelling, will provide you with the opportunity to contribute advisory and consulting services to clients such as insurers, banks, regulators, and others. You’ll provide advice covering financial modelling, risk modelling, pricing, reserving, solvency, economic capital, risk management, mergers and acquisitions related activities, internal risk control, internal audit and process efficiency. Simply put, you are involved in analysis across insurance, investment, pension and broader financial risk modelling for various industries.
Job Description
To really stand out and make us fit for the future in a constantly changing world, each and every one of us at *** needs to be an authentic and inclusive leader, at all grades/levels and in all lines of service. To help us achieve this we have the *** Professional; our global leadership development framework. It gives us a single set of expectations across our lines, geographies and career paths, and provides transparency on the skills we need as individuals to be successful and progress in our careers, now and in the future.
As a Manager/Senior Manager, you'll work as part of a team of problem solvers, helping to solve complex business issues from strategy to execution and contribute to our growing Actuarial Service offering through the application of your actuarial expertise and managerial skills. *** Professional skills and responsibilities for this management level include but are not limited to:
• Audit and Advisory on Insurance, Investment (Employee Stock Option) and Pension (Employee Benefit)
• General Actuarial and Financial Risk Modelling advisory work for example Pricing and Process Controls
• Advisory on Merger and Acquisition related activities including valuation of insurance liabilities and employee benefits
• Lead a team of actuarial analysts on IFRS 17 project delivery
o Develop and review IFRS 17 actuarial modelling approaches and technical accounting decisions
o Perform quantitative impact studies to assist clients’ understanding of the financial impacts of IFRS 17
o Perform actuarial data gap assessments and develop data solutions
o Work alongside IFRS 17 system vendor to ensure business and system required are understood and implemented accurately
o Conduct end-to-end testing of IFRS 17 actuarial systems
o Communicate and collaborate effectively with IFRS 17 project stakeholders
• Apply judgement, initiative and lateral thinking to problem-solving
• Contribute to insurance-related thought leadership and business development initiatives
Preferred Skills and Experience
● Reputable university degree in a quantitative discipline (e.g. Actuarial Science, Mathematics, Statistics, Financial Engineering)
● Minimum 5 years experience (Manager) in an actuarial role (Pricing and/or Reserving)
● Already passed probability and financial mathematic exam from international or local actuarial association
● Fast learning for understanding new business and client nature
● Understanding of IFRS 17 and capital (e.g. ORSA) reporting preferable
● Working knowledge of actuarial cashflow modelling software and valuation data management software preferable
● Proven ability to lead teams and collaborate with various project stakeholders
● Analytical and independent thinker with strong English written and verbal communication skills