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    Manager, Group Actuarial - Kuala Lumpur, Malaysia - FWD Group Management Holdings Limited

    FWD Group Management Holdings Limited
    FWD Group Management Holdings Limited Kuala Lumpur, Malaysia

    1 day ago

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    Full time
    Description
    About FWD Group

    FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster and smoother, with innovative propositions and easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD is committed to changing the way people feel about insurance.

    For more information please visit

    FWD Technology and Innovation Malaysia Sdn. Bhd., known as FWD TIM, was set up in late 2019 and is part of the FWD Group. FWD TIM in Malaysia is one of the FWD Group's office locations serving multiple markets within FWD Group and employing team members in various functions including Group Digital & Data, Digital Innovation, the IT Hub and our Centre of Excellence comprising Actuarial, Finance and Product Proposition functions.

    PURPOSE
    Actively contribute to building an in-house Actuarial consulting hub by
    • Leading and managing the development, implementation, and maintenance of the centralized Actuarial models for assigned business units while ensuring the modelling implementation are in accordance with the Group Model governance policy
    • Leading and managing the shared pool resource in supporting various Actuarial initiative/project requested the group office and business unit across FWD group
    KEY ACCOUNTABILITIES

    • As the team lead:
    • Lead, coach, manage, and promote team's performance, development, and morale to ensure team members achieve their goals according to the expected performance standards
    • Manage the shared pool resources and ensure adequate resource allocation in work arrangement
    • Involve in the hiring of good talent

    • As the Country Model Lead:
    • Lead and manage the overall development and maintenance of the centralised Actuarial models for business units, and ensure quality and on-time work delivery
    • Demonstrate up-to-date expertise of Prophet modelling in the development, execution and improvement of modelling process
    • Manage relationships and expectations of Group Office, business units and other key stakeholders by developing a communication process to deliver defined Prophet modelling services within the agreed scope and keep up-to-date modelling service progress
    • Review the checking and regression test performed by the team and explain any model change impacts, and maintain model documentations for key stakeholders
    • Resolve and where necessary, escalate and communicate unprecedented and complex modelling issues to Head of TIM Actuarial and business units on a timely manner
    • Responsible to ensure all time compliance with the Group Model Governance policy including the model documentation, modelling process and control as well as ensuring team's understanding and application of the policy

    • Set project priorities for the team and oversee all projects deliverables including planning and managing the shared pool resources allocation to deliver the expected Actuarial services or resources on and projects basis including but not limited to developing and maintaining ALS model for asset and liability management, economic capital (EC), HKRBC reporting, IFRS17 and any other assignment from Group Actuarial

    • Oversee and manage Prophet Enterprise and related calculation engines on Cloud and maintain a clean and auditable production environment

    KEY PERFORMANCE INDICATORS

    • Effectiveness of the model maintenance process and project delivery

    • Engagement and development of team members

    • Value added to local business units

    EXTERNAL & INTERNAL CONTACTS

    • Group Risk and Actuarial Committee, ALMCO Committee and IFRS17 Project Steering Committee

    • Local Country CA, CRO, investment/ALM teams and function head

    • Head of TIM Actuarial

    DECISION MAKING

    • In accordance with Insurance Group delegated authorities

    QUALIFICATIONS / EXPERIENCE

    • 6 to 8 years insurance experience in actuarial functions

    • Fellowship or nearly fellowship member of an internationally recognised actuarial professional body

    KNOWLEDGE & TECHNICAL SKILLS

    • Strong Prophet modelling skills, knowledge on Prophet ALS is preferred

    • Good understanding of valuation processes under USGAAP, statutory and traditional EV, knowledges on EC/RBC and IFRS17 are preferred

    OUR COMPETENCIES

    • Good team leadership and development skill

    • Good Facilitation, negotiation and problem resolution skills

    • Good Strategic Thinking: Ability to prioritize and balance multiple tasks or project.

    • Strong analytical skills

    • Good communication and presentation skills

    • Fluent in English speaking and written skills

    OTHERS

    • Flexible to travel


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    About FWD Group · FWD Group is a pan-Asian life insurance business with approximately 11 million customers across 10 markets, including some of the fastest growing insurance markets in the world. Established in 2013, FWD is focused on making the insurance journey simpler, faster ...


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