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Job ID: 38279
Job Openings by Title IFRS17 Actuary
Location China
Description:
Position:	IFRS17 Actuary

Company:	Reinsurance

Location:	China

Job ID:		38279


Responsibilities:

- Drive the IFRS 17 project actuarial related matters for Life China.
- Liaise and stay connected with Life division core IFRS17 team, and the APAC IFRS17 Life team on all work streams, particularly on Methodology; FIA; Retrocession; Reporting; and Legal entity gap assessment.
- Co-ordinate between various Life teams in China on IFRS17 matters.
- Prepare summaries and presentation of status to CEO, China, and the APAC IFRS17 Life team.
- Build strong relationships and work closely with finance teams.
- Preparation of IFRS17 data.
- Work together with the Life China actuarial team on actuarial assumption setting for Life division IFRS17 purpose, including economic and expense assumptions.
- Modelling of IFRS17 cash flows, including BEL; RA; CSM - both for the Life division, and for the branch for local requirements.
- Provide technical support on all questions related to IFRS 17 reporting relating to Life business, for China - on methodology; FIA; and local legal entity gap assessment.
- Validate IFRS 17 methodology logic and/or actuarial interpretation and methodology, with feedback to the APAC IFRS17 Life team.
- Produce financial impact assessment for Life China business periodically - both for the Life division, and for the branch for local requirements.
- Translate IFRS 17 technical requirement into system and business requirements.
- Stay connected with the IFRS17 communities within the broader industry.
- Closely monitor and track status for China local IFRS17

Qualifications:

- Qualified degree in Actuarial.
- Expert understanding of IFRS 17 and specifies in China.
- Solid knowledge of Actuarial systems.
- 5 years of relevant experience in insurance industry.
- Excellent verbal and written communication skills in Chinese Mandarin and English.
- Solid analytical skills with strong problem-solving ability.
- Must be able to work effectively independently and as part of a team.
- Flexible, “can do” attitude with interest in career and skill development.
- Disciplined and reliable.
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