Actuary IFRS17 (Lead)

Growing your career as a full time Actuary IFRS17 (Lead) at Panin Dai-ichi Life is a fantastic opportunity to develop excellent skills. We are recognized as one of the best and strongest life insurance company in Indonesia for year 2023 based on the recent CNBC Indonesia research and publication.

Panin Dai-ichi Life is a joint-venture partnership between Panin Life and Dai-ichi Life. Panin Life is a life insurance company that has been served for Indonesian people in more than 40 years, as part of Panin Group which engaged in the financial services industry. Supported by good network services and marketing through agents, employees, and business partners in various major cities in Indonesia. Dai-ichi Life is one of the largest life insurance company in Japan with 120 years of experience in the life insurance industry with international business networks in various countries around the world. Dai-ichi Life is also a public listed company in Japan with an “AA-” rating from Fitch and an “A+” rating from Standard & Poors (as of January 2023).

Principle Duties and Responsibilities:

• Work with various stakeholders
• Work closely with the other project team, including the Data, Systems, and Accounting work streams where the delivery of work-stream requires multi-disciplinary collaboration
• Build and manage relationships with key local contacts / stakeholders

Key Accountabilities:

• Managing and leading the IFRS 17 actuary team members in:
• Designing and developing Prophet Model and ETLs for both implementation and transition purpose.
• Producing functional and technical specification for Prophet actuarial system enhancements required to enable IFRS 17 compliance.
• Designing and developing solutions to provide various expected cash flow and assumptions data as part of the IFRS 17 process
• Capturing and designing the new process under IFRS 17
• Understanding the functionalities and the implications of the IFRS 17 solutions and developing the tools for the transition and reporting purpose
• Being involved in the functional and User Acceptance testing
• Performing analysis of the IFRS 17 results to ensure the reasonableness of the numbers
• Assist other stakeholders on ad-hoc basis
• Building team capabilities, coaching and sharing knowledge

Job Requirements:

• Minimum Bachelor graduate in actuarial, mathematics or other related disciplines
• Must have solid experience with Prophet
• Must have experience in IFRS 17 implementation in life insurers
• Must have solid experience in leading a team
• Possessing experience of Prophet actuarial system modelling and the knowledge relevant to existing actuarial processes and various reporting metrics such as EEV
• Possessing actuary qualifications
• Good problem-solving skills
• Able to work under pressure and in abstract environment
• Comfortable working with uncertainties, highly adaptable.
• Excellent communication, interpersonal and organizational skill
• Fluent in both spoken and written English

At Panin Dai-ichi Life, our team are friendly, innovative, passionate and collaborative. We build a high value workplace to the team with integrity, transparency and respect to diversity. We empower our employees to bring out their potential, to learn and grow. Guided by our mission, we provide a positive place to work so that we can reach our goals.

Submit your CV through Linkedin, here.