Assistant Manager, TIM Actuarial Services

About FWD Group

FWD Group is a pan-Asian life and health insurance business that serves approximately 30 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 Stock Exchange of Hong Kong Limited under the stock code 1828.

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FWD Technology and Innovation Malaysia Sdn. Bhd., known as FWD TIM, was established in late 2019. Strategically located in Kuala Lumpur, FWD TIM serves as a pivotal shared service location within FWD Group, providing services to multiple markets across the Group. FWD TIM houses a diverse and talented workforce focused on essential business and technology services such as information security, cloud operations, IT solutions delivery, digital and data, actuarial, finance, investments, and customer service, among many others. FWD TIM is dedicated to drive and deliver operational excellence and efficiency, foster innovation and ensure regulatory compliance across all business functions as well as maintain a competitive edge in the market.

PURPOSE

Be the country focal in coordinating incoming modelling service requests and manage the development and maintenance of the centralised Actuarial models for business units (BUs). Be the project lead and manage end-to-end major projects as required by Group Actuarial / BUs. Ensure compliance with the Group Model Governance policy.

KEY ACCOUNTABILITIES

1. Assist Senior Advisor or SME by providing technical and other general support or coaching to shared pool resources to ensure work quality is achieved accordingly

2. Support the Country Model Lead in providing the Centralised modelling services to business units by :

• assisting the Country Model Lead in managing the development and maintenance of the centralised Actuarial models for business units, and ensure quality and on-time delivery;
• demonstrating advanced skills in Prophet modelling in the overall end-to-end modelling process and ensure that the modelling is effectively controlled and maintained, with accurate financial results generated;
• becoming the country focal in coordinating incoming modelling service requests. Manage updates, communication and project expectations with BUs throughout the project delivery and ensure successful implementation according to the defined Prophet modelling services;
• exercising judgement using advanced analytical skills to perform modelling checking and regression tests, interpret, define and communicate model change impacts and mitigation actions, as well as maintain model documentations for stakeholders;
• analysing the modelling issues and reporting findings including practical recommendations to close relevant gaps or risks. Escalate modelling issues to the Country Model Lead on a timely manner; and
• assisting the Country model Lead in performing compliance checks and ensuring all time compliance with the Group Model Governance policy including the model documentation, modelling processes and controls.

3. Support the SME & Model Reviewer by :

4. Be the project lead and manage end-to-end major projects for Actuarial services including but not limited to developing and maintaining ALS model for asset and liability management, economic capital (EC), HKRBC reporting, IFRS17 and any other assignment from Group Actuarial

5. Process the major requests / incidents, while guiding juniors on their BAU incidents for Prophet Enterprise and related calculation engines on

KEY PERFORMANCE INDICATORS

EXTERNAL & INTERNAL CONTACTS

DECISION MAKING

QUALIFICATIONS / EXPERIENCE

KNOWLEDGE & TECHNICAL SKILLS

OUR COMPETENCIES

OTHERS