IFRS 17 Actuarial Consultant

Job Description: Consultant, IFRS17

Actuaries OnTap is seeking ambitious and motivated actuaries to join our expanding team. We will

provide you with variety, enabling you to work on a range of projects with different clients across

Asia. The types of projects will include IFRS17, valuation process streamlining, financial reporting,

new product pricing and modelling, experience analysis, business planning, reinsurance

optimisation, where your initial focus will be on IFRS17.  Assist client on smooth transition from IFRS4 to IFRS17 in terms of gap analysis, system,

reporting process, and company strategy  Help client on policy decision that suites into client’s business profile and is complied with

IFRS17 standard requirement, with justification and get buy-in from client’s auditor  Actuarial system implementation as part of end-to-end solution for IFRS17 reporting process  Financial impact analysis including Transition CSM calculation, P&L and SoE (Source of Earning)

comparison between IFRS4 and IFRS7, CSM rollforward, and other impact analysis that is

required by client company’s management  Parallel run on IFRS4 and IFRS17  Analyse IFRS17 impact on company KPI and potential change on company strategy

Qualification and experience:

You will need to have:  At least 3 years of actuarial experience in direct life, reinsurer or consultancy firm  Deep understanding on IFRS17 standard with strong knowledge and experience on IFRS17  Experience on reporting and familiar with one or more reporting basis (e.g. IFRS, RBC, Solvency

II, EV)  A team player who collaborate well with other people and with open mind on changes  Good communication skills including both written and verbal, be able to communicate

complex matters to lay people  Self-motivated and enjoy problem solving  Enjoys working on projects, and strictly adhere to project timeline with quality delivery  Advanced user on one or more actuarial software e.g. Prophet, Axis

What working with Actuaries OnTap will give you?

We will give you:  a flexible and transparent remuneration package that pays you the majority of the fees we

earn from our clients which naturally increases as you become more senior  an annual profit share which reflects your own contribution to the company  tailored working hours to suit your own personal situation  the opportunity to work with other bright and motivated actuaries on projects where we are

driven to bring value for our clients  variety of engagements both by geography and client area of focus