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The role is focusing assisting PCM lead to maintain actuarial models supporting IFRS17 project team
Roles and Responsibilities
Support IFRS17 project team (3-6 months);
Supporting and managing issues found during 2022 OBS SIT / UAT;
Coordinating with local business units to make sure model integration work can be in time and with good quality.
As the SME to guarantee success implementation of IFRS 17 to BAU;
Play a leading technical role in the development and maintenance of the Prophet based actuarial models, including but not limited to deterministic liability model and stochastic ALM model;
Understand, drive and influence culture, different modelling approach, model risk management and governance to meet business requirements;
Act as the gate keeper to the actuarial model, review and advise Prophet coding to ensure model developed can meet business needs, model change follows the established best practice and model framework;
Communicate with stakeholders to understand their needs, update them group initiatives;
Lead a team specialised in model maintenance, develop junior staff;
Act as developer for Group functions, make changes to the model based on the request received from Group stakeholders. Perform model enhancements, model integration with clear documentation;
Lead a team to conduct controls according to internal requirements;
Provide technical / system guidance to local business units, as required;
Assist team lead in driving TDA & other initiatives;
Other Ad-hoc projects, as required.
Minimum Job Requirements
Education Degree holder in Actuarial Science, Mathematics or Statistics
Experience Minimum 8 years’ experience in the life insurance industry; Strong business sense and Actuarial knowledge
Certifications / licenses FSA or equivalent
Special skills - Strong conceptual and prophet system development skills