About the role
IFRS 17 Implementation & Reporting ü Lead and support IFRS 17 implementation initiatives. ü Develop, validate, and maintain IFRS 17 valuation methodologies including: ü Fulfillment Cash Flows (FCF) ü Risk Adjustment (RA) ü Contractual Service Margin (CSM) ü Loss Component calculations ü Perform quarterly and annual IFRS 17 valuation and reporting activities. ü Analyse movement of key IFRS 17 metrics and explain financial results to senior management. Actuarial Modelling ü Develop and enhance actuarial models used for IFRS 17 reporting. ü Ensure consistency between statutory, regulatory and IFRS 17 reporting frameworks. ü Support model calibration, assumption setting, sensitivity testing, and validation activities. ü Participate in model governance and documentation processes. Finance & Systems Integration ü Work closely with Finance and IT teams to integrate actuarial outputs into IFRS 17 reporting systems. ü Support automation and process optimization initiatives. ü Assist in implementation and enhancement of actuarial software platforms such as ResQ FR or equivalent. Analysis & Governance ü Conduct detailed analysis of earnings emergence under IFRS 17. ü Support internal and external audits related to IFRS 17 reporting. ü Prepare technical documentation, methodology papers, and governance materials. ü Ensure compliance with internal policies and accounting standards. ü Stakeholder Management ü Collaborate with Finance, Risk, Investments, and senior business stakeholders. ü Present key insights and recommendations to management committees. ü Liaise with external consultants, auditors, and regulators as required. Key Requirements – Education & Certificates ü Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Finance, or a related quantitative field. ü Qualified or nearly qualified Actuary (FIAI, FIA, FSA, ASA, or equivalent). ü Strong understanding of general insurance products. Key Requirements - Experience &Skills ü 6–8 years of actuarial experience. ü Significant hands-on experience in IFRS 17 valuation ü Experience leading teams and interacting with senior stakeholders ü Experience in IFRS 17 implementation projects from design through BAU transition. ü Experience with actuarial-finance data integration and reporting platforms. ü Exposure to regulatory reporting ü Experience working with Big 4 consulting firms or large insurance organizations. Behavioural Competencies u Strong analytical and problem-solving skills. u Excellent communication and presentation abilities. u Ability to manage multiple workstreams under tight timelines. u Strong stakeholder management and influencing skills. u High attention to detail and commitment to quality. Key Deliverables ü Accurate and timely IFRS 17 reporting. ü Robust actuarial models and controls. ü Effective CSM and financial result analysis. ü Process automation and efficiency improvements. ü Strong governance, audit readiness, and regulatory compliance.