Assistant Manager, Valuation

Responsible for quarterly IFRS 17 reporting, regulatory and management reporting, reinsurance data management, experience studies, the maintenance and enhancement of actuarial valuation models, and KICS implementation. Ensure all actuarial deliverables are accurate, timely, compliant with internal policies and regulatory requirements, while continuously improving actuarial models and reporting processes

The essential accountabilities consist of, but are not limited to the following:

1. IFRS 17 Reporting (30%)

- Perform IFRS 17 calculations quarterly and prepare and submit IFRS 17 reports accurately and on schedule to ensure compliance with HQ and internal reporting requirements.

- Maintain, enhance, and validate the IFRS 17 valuation model to ensure calculation accuracy, operational stability, and alignment with reporting and business requirements.

- Analyze IFRS 17 reporting results, identify and investigate variances or issues, and communicate key findings with recommendations to management for timely resolution.

- Support the implementation, enhancement, testing, and documentation of IFRS 17 methodologies, processes, and system improvements to improve reporting efficiency and accuracy.

2. Experience Studies Reporting (20%)

- Review and validate data used in Experience Studies reports, including Persistency, Claims Experience Studies, and Duration Analysis, to ensure data completeness, consistency, and accuracy.

- Analyze actual experience results, investigate trends, movements, and deviations against assumptions, and provide insights to support actuarial assumptions and business decisions.

3. HQ reporting (20%)

- Prepare and submit periodic reports and business planning reports to Headquarters accurately and within agreed timelines.

- Review and reconcile reported figures to ensure consistency across reports and compliance with internal reporting standards.

- Coordinate with relevant departments to collect, validate, and clarify data, and respond to ad hoc reporting requests from Headquarters in a timely manner.

4. Reinsurance (15%)

- Review and reconcile monthly reinsurance data to ensure completeness, accuracy, and consistency before reporting

- Prepare supporting documents and calculation data, provide explanations to reinsurers, and support reinsurance-related audits to facilitate timely issue resolution and maintain compliance.

- Coordinate with internal stakeholders and reinsurers to resolve data discrepancies and ensure the timely completion of reinsurance reporting activities.

5. Actuarial Assumption Updates (10%)

- Review and update actuarial assumptions periodically to ensure valuation models remain accurate, appropriate, and compliant with reporting and regulatory requirements.

- Analyze the impact of assumption changes on valuation results and document supporting rationale for management review and approval.

- Maintain assumption documentation and ensure all updates are properly implemented in actuarial models and reporting processes.

6. KICS Implementation (5%)

- Prepare calculation data and support KICS implementation activities to project timelines.

- Maintain and enhance KICS calculation processes, models, and documentation to improve operational efficiency and reporting quality.

- Bachelor’s degree or higher in Actuarial, Math’s, Finance, Economy, Accounting or related fields.- Progress toward or completion of internationally recognized actuarial professional examinations (SOA, IFoA, CAS, or equivalent) is preferred- 3–5 years of experience in life insurance actuarial functions.- Practical experience in IFRS 17 valuation and reporting- Experience in actuarial valuation models (Prophet)- Experience in regulatory reporting, experience studies, and reinsurance data management- Experience in KICS or other risk-based capital frameworks is an advantage.- Strong analytical and problem-solving skills.- Advanced proficiency in Microsoft Excel; Power BI, or other data analysis tools is an advantage.- Good understanding of life insurance products, actuarial valuation methodologies, and financial reporting standards (IFRS 17).- Knowledge of regulatory requirements and capital frameworks (KICS) is preferred.- Ability to manage multiple tasks and meet tight reporting deadlines- Good communication and stakeholder management skills.- Strong attention to detail and commitment to accuracy.- Good communication & writing skills both in Vietnamese and English.

allowances