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 Vietnam was established in 2016 and is a member of FWD Group. For more information, please visit www.fwd.com.vn
- Data preparation for group reporting & source system testing
- Support the control and governance of the reporting and operational process
THE JOB:
1. Delivery of New Business (NB) Contractual Service Margin (CSM)
- Solely responsible for the operation of producing NB CSM for both actual and forecast periods, such as performing Prophet runs and refreshing relevant working files.
- Perform deep analysis to understand key drivers of NB CSM movements on a month-over-month basis, comparison versus prior year/plan.
- Prepare email communicating NB CSM results to senior management, including highlights and commentary on the drivers.
- Perform reconciliation between actual NB CSM results versus prior year/plan for performance monitoring.
- Participate in initiatives/projects to relating to NB CSM e.g., new products UAT
2. IFRS 17 Non-NB CSM Data Preparation
- Prepare data inputs required for IFRS 17 quarterly production including but not limited to Yield Curve (YC), IBNR and WOP Reserve
- Check and reconcile between model outputs and system values to ensure internal consistency and reasonableness
- Involved in IFRS 17 Best Estimate Assumptions
3. Guidance to other junior members
- Provide operational guidance to other junior members in the team
- Involved in the development process of the team including knowledge sharing sessions, department meeting
4. Other projects assigned by line manager.
THE PERSON:
- B.A Degree in Finance/Economics/Actuarial Science
- 1-3 years actuarial reporting / valuation experience (prior experience in IFRS 17 is a plus)
- Problem solving skill
- Communicating skills
- Logical thinking
- Teamwork spirit
- Can-do attitude
- Strong knowledge of data and system is an advantage
- Power Query, Python, VBA, and Actuarial Software (e.g., Prophet, Axis, etc.)
- Insurance accounting is an advantage
Skills Required
- B.A. Degree in Finance, Economics, or Actuarial Science
- 1-3 years actuarial reporting / valuation experience
- Prior experience in IFRS 17
- Power Query
- Python
- VBA
- Prophet actuarial software
- Axis actuarial software
- Problem solving skills
- Communication skills
- Logical thinking
- Teamwork spirit
- Can-do attitude
- Strong knowledge of data and systems
- Insurance accounting knowledge
What We Do
FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience
