Description:

At Prudential, we understand that success comes from the talent and commitment of our people. Together, we have a shared vision in securing the future of our customers and our communities. We strive to build a business that you can shape, an inclusive workplace where everyone’s ideas are valued and a culture where we can thrive together. Our people stay connected and tuned in to what’s happening around us, keeping us ahead of the curve. While focused on the long-term, we look to the future to bring growth, development and benefit to everyone whose lives we touch.

IFRS 17 General Insurance Workstream manages the technical assessment, implementation for transition and IFRS 17 solution implementation for the general insurance business of Prudential Hong Kong (“Prudential General Insurance Hong Kong Limited” or “PGHK”). The Workstream would also need to ensure the compliance with the IASB Standard and meets Group’s financial & strategic objectives.

This role is mainly to provide technical support & analysis for IFRS 17 basis, assist to develop the methodology and assumptions, build the required valuation process for IFRS 17 reporting, create the opening balance sheet for transition, perform assessment on financial results, provide support on reviewing the solution design for end-state reporting, ensure solution implementation smoothly and on-going review the process flow for PGHK.

Major Accountabilities:

Opening Balance Sheet for Transition: Develop and build the transition including transformation and allocation process for the determination of IFRS 17 Opening Balance Sheet.

Financial Results Assessment: Support the management to determine the technical position on the methodology and approach; Work with other IFRS17 teams to perform financial impact assessment, parallel run and the ad hoc financial assessment.

Solution Design and implementation: Assist on the user requirement document preparation on the PGHK IFRS 17 solution. Support the team to review the system testing on a timely manner to ensure timely solution implementation, including but not limited to standard disclosures and management reporting.

Governance & Controls : Ensure proper processes, governance and controls are in place for supporting the transition valuation process and the related audit review work. Investigate any room to further enhance the process flows to reduce manual inputs.

Qualifications and Experience:

Qualified accountant;

University graduate

Minimum 7 years of relevant experience, candidates with less working experience will be considered as Assistant Manager

Must possesses good attitude, strong interpersonal skills & demonstrate a strong initiative with a keen interest to learn.

Excellent command in written and spoken English and Chinese

Join a team who understands that at the core of what we DO, is people.

Every day, we spark our collective talent and expertise to reimagine the future of well-being; so we can continue to make a positive impact on our customers and our communities.

Prudential is an equal opportunity employer. We provide opportunities for people regardless of their gender, ethnicity, disability status, age, religion, caring responsibilities or sexual orientation. A diversity of skillsets and backgrounds enriches the organisation. Prudential believes that diversity of experience, thought and background is vital to success, both today and in the future. Click to find out more about our diversity and inclusivity policy.