The job description of an Actuarial Manager MFRS17 includes analyzing data and modeling risk, creating financial projections and budgeting, and assessing the financial impact of potential business decisions that pertains to the accounting standard of MFRS17.
Key Responsibilities:
- Assist in specifying and developing specifications for actuarial/finance calculations required by MFRS 17 standard and also when there are new standards.
- Consider business and regulatory compliance risks and potential impact from the decisions made including mitigating the risks when there are changes made, enhancement to system or the MFRS17 standard
- Work closely with various departments such as IT, Finance, Underwriting & Claims to improve existing MFRS17 processes, systems and governance.
- Assist in determining the business strategy post implementation of MFRS 17 which includes analysis of differences in profitability measurement under MFRS 4 & 9 and MFRS 17 reporting requirements.
- Contribute to regular actuarial valuation all products, including production and analysis of results, KPIs.
- Undertaking regular experience analysis of pricing and valuation assumptions.
- Preparation of model points for business modelling and pricing exercises.
- Preparation of other management information as required.
- Assist the Appointed Actuary in other ad-hoc tasks.
Academic/Professional:
Bachelors Degree in Actuarial Science, Mathematics, Statistics or related field., or an Associate Actuarial qualification.
Work Experience:
- 5 years professional experience in related position.
- Demonstrable knowledge of IFRS/ MFRS17.
Skills and Competencies:
Intermediate knowledge of Microsoft Excel.
Commitment to actuarial qualification.
Knowledge of VBA, Access and R is a plus.
Functional Knowledge of MFRS17
To manage own workload and proactively provide updates.
