Valuation Actuary/Accounting

As a key member of the Korea L&H Valuation team, which sits within the APAC Actuarial function, your role will be focused on the production of IFRS and SII results. The role will cover business written in Korea and Japan.

This will include preparing the quarterly reserves, uploading these into the systems (accounting system and reserving data warehouse), understanding and analysing the results and movements, reviewing the work of other team members, and producing reports. It will also include preparation of settlement statements for an external retrocession, and User Acceptance Testing of actuarial model changes.

You will have the opportunity to liaise with colleagues across the globe, explaining the results to stakeholders. You will also have the opportunity to participate in strategic projects.

• Review and production support of the IFRS 4, IFRS 17,Solvency II and K-ICS results for the North Asia market.
• Produce the actuarial input for the annual Operating Plan
• Liaise with local Technical Accounting team to produce IFRS result.
• Respond to the external actuarial audit process for North Asia and relationships with local auditors on actuarial topics.
• Liaise with IT to streamline and automate valuation process.
• Assist in drafting actuarial valuation reports for IFRS and solvency II for North Asia market.
• Perform the annual/half yearly Analysis of Change process on SII and IFRS17 results.
• Prepare the quarterly settlement statements for Covea retrocession and assist in creating a longer-term solution to automate this process.
• Standardise and continuously improve reserving processes, analysis, and controls.

This role would be ideal for someone with 3-7yrs experience who has either an actuarial or accountancy education but must have experience using Prophet, SQL, Python and Excel VBA. The position would suit an ambitious individual you have the capacity to learn fast and be keen to advance their skills and career. You will be joining a very experienced team, and you will gain excellent exposure from senior people who will be able to pass on their knowledge from a technical perspective as well as strategic. An individual who is curious and enthusiastic for constant process improvement will do very well in this role.

This company will set you up for success by building a clear career Pathway and will give you access to excellent training tools. Ambition and self-development is highly encouraged.