Analyst, TIM Actuarial Services

FWD Group Actuarial Model Developer

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets. 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.

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.

Support the BAU development and maintenance of the centralised Actuarial models for business units (BUs) in accordance with the Group Model Governance policy as well as support the Actuarial initiatives/projects as required by the Group Actuarial and BUs.

1. Support the development and maintenance of the Centralised modelling services by:

• Performing BAU development and maintenance of the centralised Actuarial models based on model change requests and requirements from BUs, and ensure on-time delivery of work;
• Applying fundamental Prophet modelling skills (E.g. Model design, build, coding, testing) in the development and execution of modelling process;
• Performing modelling checking and regression tests, explain any model change impacts, and maintain model documentations according to established guidelines and precedence;
• Escalating modelling issues to the Country Model Lead on a timely manner; and
• Ensuring all works are carried out in accordance with Group Model Governance policy including the model documentation, modelling process and controls

2. Support the SME & Model Reviewer in conducting the fundamental model review on models change made by HK, TH, JP and any other assigned countries by assisting in conducting independent reviews of developed actuarial models against established governance standards; and by assisting in performing technical reviews of actuarial models and validation results.

3. Support the Actuarial initiatives/projects 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 the Group Actuarial

4. Process the BAU request/incident on Prophet Enterprise within the agreed service level agreement

Effectiveness of the model maintenance process and project delivery

Value added to local business units

Group Actuarial

Local function head, managers and associates

Head of TIM Actuarial and Actuarial Advisors in TIM

2 years or less insurance experience in actuarial functions

Bachelor's degree (or equivalent) in Actuarial Science or other Mathematics/Statistics based major

Good progress in internationally recognised actuarial professional examinations

Good Prophet modelling and coding skills

Good understanding of Actuarial valuation processes, statutory and traditional EV, knowledges on EC/RBC and IFRS17 are preferred

Teamworking

Good analytical and problem-solving skills

Good communication and interpersonal skills

Good in English speaking and written skills

Flexible to travel