An exciting Actuary IFRS 17 (Insurance) job has just become available at one of the most prominent life insurance companies based in Jakarta.
About the Actuary IFRS 17 (Insurance) Role: Reporting to the business leaders, you will play a crucial role in ensuring compliance with IFRS 17 standards, managing actuarial processes, and providing strategic insights to optimise financial outcomes. This position offers an exciting opportunity for a talented actuary to contribute to the success of our organisation.
IFRS 17 Implementation:
Lead the development and implementation of IFRS 17 accounting standards within the life insurance division
Collaborate with cross-functional teams to ensure timely and accurate adoption of IFRS 17 requirements
Conduct impact assessments and provide recommendations for business processes, systems, and controls to meet IFRS 17 compliance
Actuarial Modelling and Analysis:
Oversee and enhance actuarial models related to life insurance products, ensuring accuracy and relevance for IFRS 17 reporting
Perform in-depth actuarial analyses to support financial reporting, risk management, and decision-making processes
Develop and maintain robust documentation of actuarial models and methodologies
Prepare and review financial reports, ensuring compliance with IFRS 17 standards
Provide insights into financial results and trends, and communicate findings to senior management and other stakeholders
Collaborate with the finance team to ensure seamless integration of actuarial and financial reporting processes
Assess and quantify the impact of IFRS 17 on the company's risk profile
Collaborate with risk management teams to develop strategies for mitigating risks associated with changes in actuarial processes
Lead and mentor a team of actuaries, providing guidance and support in their professional development
Foster a collaborative and innovative team culture, promoting knowledge sharing and continuous improvement
To succeed in this Actuary IFRS 17 (Insurance) role, you will need to possess a combination of technical expertise, strategic thinking, effective communication, and strong leadership skills.
Bachelor's degree in actuarial science, mathematics, statistics, or a related field
Fellowship in one of the recognised actuarial organisations (preferable)
Minimum of eight years of experience in life insurance actuarial roles, with a focus on IFRS 17 implementation
Proven track record of successfully leading IFRS 17 projects and ensuring compliance within a life insurance context
Advanced proficiency in actuarial modelling and statistical analysis tools
In-depth understanding of life insurance products, financial reporting, and risk management principles
Strong knowledge of IFRS 17 requirements and their application in the insurance industry
Leadership and Communication:
Demonstrated ability to lead and inspire teams
Excellent communication skills with the ability to convey complex actuarial concepts to non-technical stakeholders
Analytical and Strategic Thinking:
Strong analytical and problem-solving skills, with the ability to think strategically and provide actionable insights
Ability to anticipate challenges and develop proactive solutions
Comprehensive knowledge of relevant regulatory frameworks and industry best practices
This financial services firm stands as a prominent life insurance provider in Indonesia, committed to safeguarding the financial futures of individuals and families. We combine local market expertise with international insights to deliver comprehensive life insurance solutions. Their mission is to enhance the well-being of our customers by offering innovative and tailored life insurance products. Aim to build lasting financial relationships and contribute positively to the communities we serve.
If you are driven, determined and want to take the next step in your career, this Actuary IFRS 17 (Insurance) role is right for you. Great career progression opportunities await the right person in this role.
Apply today or contact me to discuss this new opportunity.
Due to the high volume of applications we are experiencing, our team will only be in touch with you if your application is shortlisted.