About FWD Group
FWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code 1828.
For more information, please visit www.fwd.com
Job Purpose
Member of the Finance Function reporting to Head of Financial Strategy, EV, VNB and Capital responsible for assisting in the development and the implementation of traditional and innovative financial strategies to help driving, enhancing and ensure sustainable growth of the key company’s financials. This position also includes the responsibilities related to monthly VNB closing and plays an important role in various complex actuarial tasks related to VNB including, but not limited to, VNB reporting, forecasting, analysis, optimization and audit. This role requires knowledge of complex actuarial principles, financial modeling, forecasting, and to some extent risk management. This role will have the opportunity to provide support and collaborate with other members of the Financial Strategy and Capital team.
Key Responsibilities:
Business Contributions
- Assist in the development and implementation of strategies to optimize and unlock trapped value
- Prepare VNB reports and key financial metrics to support regular financial reports and requirements from Group Office, regulators, auditors, managements and other stakeholders.
- Support in identifying and executing initiatives to optimize all financial aspects of distribution agreements
- Assist in maintaining and enhancing the company's fund segmentation
- Find innovative approach to improve VNB and to meet STI targets, especially where actuarial optimization is adding value
- Support the end-to-end shareholder dividend remittance processes
- Assist in conducting VNB and financial analysis and modeling to support decision-making related to new business initiatives, mergers and acquisitions, and other strategic projects.
- Stay up-to-date on industry trends, regulations, and best practices related to financial management in the life insurance industry
- Support and contribute to ad hoc financial strategies, including but not limited to, non-traditional reinsurance solutions, methodology enhancements, pro-active flagging of financial headwinds
- Contribute to the enterprise transformation journey and contribute where needed/possible
Financial Consultant and Business Partnering
- Assist in conducting insightful and credible VNB and financial analysis to support timely management decisions and actions.
- Help develop and maintain a comprehensive system for monitoring VNB and key financial performance indicators, ensuring that the company's expectations are appropriately managed and maintained.
- Serve as the finance business partner to the product team.
- Participate in financial discussions with non-finance functions, providing engaging explanations of how specific financial figures impact the business.
- Prepare finance-related materials to update the Board of Directors.
