Senior Actuarial Specialist IFRS 17 at AVBOB

About the position

• You will be responsible for actuarial modelling in line with IFRS 17 requirements.


• Take ownership of the actuarial modelling work stream within the IFRS 17 Working Committee


• Performing modelling gap analyses.


• Designing appropriate Premium Allocation Approach & General Measurement Model valuation methodologies suitable to a mutual insurer.


• Model development, improvement and change control management.


• Determining, recording, and updating key actuarial assumptions.


• Performing financial impact assessments.


• Work closely with the other Working Committee members to ensure an effective and efficient IFRS 17 implementation.


• Look for areas of improvement and alignment between SAM and IFRS 17 reporting processes.


• Assessment and drafting of IFRS 17 accounting position papers and implementation guidelines.


• Design, set up and documentation of the IFRS 17 modelling processes to meet reporting needs, with a focus on governance and controls.


• Applying an innovative mind-set to aspects such as automation, validation, efficiency, and controls in the design of cash flow engines and with assumption setting processes.


• Assessing, rating, and implementing various vendor or building bespoke modelling solutions in partnership with ICT and Finance.


• Liaise with ICT, Finance, actuarial consultants and auditors to prepare for IFRS 17 transition.


• Work with the actuarial team to enhance and improve actuarial modelling and reporting processes under business as usual conditions.


• Work with senior management to develop and refine analytical capabilities required for managing the business under IFRS 17.


• Development of models and processes which will feed into the IFRS 17 results consolidation.


• Assessing the impact of IFRS 17 on product design and capital management

Desired Skills:

• Decision Making
• Verbal & Written communication
• Reporting
• Critical thinking skills
• Problem-solving
• Planning & Organisisng
• Analytical skills