Senior Analyst, TIM Actuarial IFRS17

About FWD Group FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828. For more information, please visit www.fwd.com FWD Technology and Innovation Malaysia Sdn. Bhd., known as FWD TIM, was established in late 2019. Strategically located in Kuala Lumpur, FWD TIM serves as a pivotal shared service location within FWD Group, providing services to multiple markets across the Group. FWD TIM houses a diverse and talented workforce focused on essential business and technology services such as information security, cloud operations, IT solutions delivery, digital and data, actuarial, finance, investments, and customer service, among many others. FWD TIM is dedicated to drive and deliver operational excellence and efficiency, foster innovation and ensure regulatory compliance across all business functions as well as maintain a competitive edge in the market. PURPOSE Responsible to maintain and enhance the FWD Centralised IFRS17 CSM models independently and ensure compliance with the Group Model Governance policy as well as support the Actuarial initiatives/projects independently as required by Group Actuarial / business units ("BUs") KEY ACCOUNTABILITIES 1. Provide guidance to junior team members in their daily tasks 2. Support the development and maintenance of the FWD Centralised IFRS17 CSM model by/ through: • Independently performing the development and maintenance of the FWD Centralised IFRS17 CSM model for all business units, and ensure quality and on-time work delivery; • Provide trouble-shooting support to the IFRS17 CSM Operation team, Alteryx team, BUs and GO Actuarial during result production • Demonstrating an in-depth skills in the Model design, build, coding and testing and effectively apply the skills throughout the development, execution and improvement of modelling process; • Working in close collaboration with Group Actuarial and business units to deliver requests within the agreed scope and provide regular progress update; • Exercising judgement using established practices and skills to perform checking and regression tests, define and communicate change impacts and mitigation actions, as well as maintain documentations for key stakeholders; • Escalating issues or findings to the IFRS17 CSM Development Lead or manager on a timely manner; and • Ensuring all work is carried in accordance to Group policies and and controls 3. Propose improvements to the Centralized IFRS 17 CSM model and processes and discuss feasibility with manager and IFRS 17 CSM Development Lead 4. Contribute as an experienced project resource in supporting the Actuarial project/initiative from Group Actuarial or business units KEY PERFORMANCE INDICATORS • Effectiveness of the model maintenance process and project delivery • Value added to local business units EXTERNAL & INTERNAL CONTACTS • Group Actuarial • Local function head, managers and associates • Head of TIM IFRS17 • IFRS17 CSM Development Lead and managers QUALIFICATIONS / EXPERIENCE • 3 to 5 years insurance experience in actuarial functions is preferred • Bachelor’s degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major • Good progress in internationally recognised actuarial professional examinations KNOWLEDGE & TECHNICAL SKILLS • Good Prophet modelling and coding skills • Good understanding of Actuarial valuation processes, and IFRS17 are preferred COMPETENCIES • Good team player • Good analytical skills • Good problem-solving skills • Good communication and interpersonal skills • Good in English speaking and written skills OTHERS • Flexible to travel