IFRS17 Implementation Specialist

7 days ago


Manila, National Capital Region, Philippines Philippine Future Providers PFP Inc. Full time

About Philippine Future Providers PFP Inc.

We are a leading pan-Asian life and health insurance business operating in 10 markets, including the Philippines. Our goal is to deliver innovative insurance solutions that meet the evolving needs of our customers. We are committed to using technology to simplify the insurance experience and make it more accessible to everyone.

The IFRS17 Implementation Specialist will play a critical role in implementing the new IFRS17 valuation standard across our organization. This includes developing and testing actuarial models, establishing controls and documentation for the IFRS17 valuation and reporting process, and assisting the Head of Valuation as needed.

  1. Implement the IFRS17 rollout plan in collaboration with designated consultants, participating in actuarial workstreams and coordinating with the Valuation and Actuarial teams.
  2. Develop and test actuarial models for IFRS17, ensuring proper classification, treatment, and valuation of our insurance contracts.
  3. Establish the actuarial valuation and reporting process under IFRS17, ensuring results flow through from data inputs to report generation and presentation.
  4. Deliver assigned tasks for regulatory and regional reporting.
  5. Provide expertise to pricing and EV teams on insurance product classifications, earnings emergence, and valuation insights.
  6. Continuously improve the valuation process through process streamlining and automation.
  7. Special projects and ad hoc tasks as assigned.

Key Requirements:

  • Bachelor's degree in Mathematics, Statistics, Actuarial Science or similar field.
  • Near Associate or Associate of the Actuarial Society of the Philippines (AASP).
  • At least five years actuarial experience, preferably in valuation.
  • Experience in a multinational insurance company is preferred.

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