Senior Actuary Manager

6 days ago


Taguig, National Capital Region, Philippines FWD Group Management Holdings Limited Full time
Job Description:
The Actuarial Associate Manager for IFRS 17 works together with the IFRS 17 Reporting Lead, in the coordination of the Head of Valuation, Chief Actuary, General Accounting, Investments, and other concerned teams, and FWD Group counterparts with the goal of setting up the end-to-end valuation of reserves of life business for FWD PH's portfolio under the new IFRS17 valuation standards including the relevant analysis on reserve movements and financial reports. The role is also expected to help in the design of and execute the proposed controls and documentation on the end-to-end IFRS17 valuation and reporting process.

Key Accountabilities:
1. Independently perform IFRS 17 BAU reporting tasks which include but not limited to data preparation, setting-up and executing of Prophet runs, extracting Prophet results, filling-in of actuarial/reporting system forms, performing checks and results analysis and investigating/providing responses to Group Office/management queries.
2. Prepare business requirement specification (BRS) and perform user's acceptance testing (UAT) and impact quantification for the quarterly IFRS 17 Prophet model enhancement exercise.
3. Provide support in the Business Plan exercise for IFRS 17 and model governance initiatives.
4. Perform IFRS 17-related experience studies, including data validation, analysis of results, assumption recommendation, report preparation and impact quantification.
5. Other special projects that may be assigned from time to time by the IFRS 17 Reporting Lead, Head of Valuation or Chief Actuary (e.g. process improvements, improvements on valuation controls and documentation, etc.).
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