IFRS17 Actuarial Application Lead IFRS17 Actuarial Application Lead …

AIA Company Limited
in Hong Kong
Permanent, Full time
Be the first to apply
AIA Company Limited
in Hong Kong
Permanent, Full time
Be the first to apply
IFRS17 Actuarial Application Lead
Bring your career aspirations to life with AIA!
Project Halley is the Group-wide project for the implementation of IFRS 17 and IFRS 9.
This position will lead the projects assigned in technical workstream (TWS) and subsequently in transition workstream/ Integrated reporting team (TRWS/ IRT).
It will coordinate across all key stakeholders and ensure controlled and well executed delivery of the projects to agreed timescales.
The technical workstream is setting up the Group accounting policy, associated application guidelines and methodology specification to be implemented by the whole Group.

The deliverables will support Financial Strategy Workstream (FSWS) to achieve the financial objective, Local business Units (LBUs) implementation and Execution Workstream (EWS) for system implementation. While the assignments in transition workstream/ Integrated reporting team include but not limited to producing the IFRS17 and 9 opening balance sheet, parallel run etc.

Roles and Responsibilities:
  • The candidate will be responsible for leading the development of Group-wide IFRS 17 accounting requirements, practical application guidance (PAG) and methodology specifications
  • Drive the completion of required governance such as Steering Committee, Design Authority, Sub Design Authority etc.
  • Review PAG assessments results from business units (BUs)
  • Support LBUs and other workstream on resolving IFRS 17 issues from technical perspective
  • Develop transition-specific assumption and guidance
  • Engage with auditor to agree on AIA's accounting position
  • Conduct the parallel run activities such as constructing opening balance sheet, income statement, disclosure etc.
  • Supporting lobbying activities if any, e.g. HKIISG etc.
  • Assisting in other Project Halley assignments where necessary
  • Project management of assigned projects including stakeholders management such as senior management, FSWS, EWS, TRWS/ IRT, LBUs etc., resource planning, communication etc.

Financial and Non-Financial Measures:
  • Accurate reports prepared on time based on the pre-established or agreed internal timeline
  • Creation of clear and precise guidelines on standard definitions and terminologies
  • Creation of clear and precise instructions for GO and BUs to prepare accurate actuarial information for consolidation
  • Creation of clear and concise project related documentation.
  • Collaboration with relevant parties in GO and BUs to obtain their buy-in on updated definitions, terminologies and new process

Role Requirements:
  • Strong actuarial methodology, accounting and insurance products knowledge
  • Strong understanding of current reporting basis including IFRS 4, EV, EC etc.
  • Experience in IFRS 17 technical related work is a strong advantage
  • Strong analytical skills, fast learner and be able to quickly get up-to-speed with the requirements in IFRS 17
  • Good command of written and spoken English and be able to clearly present technical results systematically and logically
  • Embrace ownership in various tasks and be able to provide thoughtful recommendations
  • University graduate
  • Qualified actuary with minimum 10 years relevant experience
  • Strong problem-solving, effective communication and interpersonal skills
  • Strong conceptual and analytical skills, attention to detail and ability to multitask
  • Ability to work independently with minimal guidance as well as a team player

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