Actuarial, Analyst

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on. 

About the Role

This role supports the IFRS team lead in preparing the numbers required for monthly IFRS17 reporting and analyse the OPAT results to ensure key financial issues are being presented to senior management.

Roles and Responsibilities:

• Assist the IFRS 17 team lead in reporting process & submission to AIA Group Finance and local GFO within the monthly & quarterly timeline. This includes but not limited to:
• perform short term valuation (PAA UPR and IBNR calculation) for AIA corporate solution.
• prepare IFRS 17 valuation input / data required including Prophet result location update into the sub-ledger upload to produce monthly IFRS 17 reporting.
• perform IFRS 17 General Personal Accident Insurance Contract BEL and CSM calculation.
• Any ad hoc quarterly and/or year-end IFRS 17 submissions to Group Office.
• Prepare the Half Year IFRS 17 disclosures, includes but not limited to sensitivity analysis and liability run-off pattern.
• perform actuarial valuation control and analytical check for IFRS 17 reporting to ensure completeness and reasonableness, inclusive analysis of movement for selected line of business.
• Provide support in the streamlining, enhancement, and optimization processes within the reporting functions with the aim to improve reporting efficiency and TAT, including but not limited to UAT process.
• Provide support in company OPAT (Operating Profits After Tax) analysis to provide more insights to support AIA Group Finance and local GFO in making strategic financial decision making.

Minimum Job Requirements:

• Bachelor’s degree in actuarial science and pursuing Actuarial Professional Exam in any actuarial professional body.
• Proficient in spreadsheet and programming, especially excel and SAS.
• 3 to 4 years of Actuarial experience or in similar field. 2 years and above in IFRS 17 reporting will be in advantage.
• A good team player who is keen to learn and able to work independently.
• Proactive, highly motivated, results oriented and solutions focus
• Good oral and written communication skills in English.
• Good technical and analytical skills

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.