Senior Actuarial Associate

  • 34101
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Aug 29, 2018
Insurance
RESPONSIBILITIES
  • Provide technical support on special actuarial projects assigned by the team head and/or the Chief Actuary, in collaboration with the actuarial teams. Projects may include the IFRS 17 and Risk-Based Capital reporting regimes development.
  • Take part in the maintenance, development and enhancement of actuarial models, including the deterministic PROPHET model and the stochastic PROPHET ALS model, to ensure that a consistent set of actuarial models is being used for different purposes within the whole Actuarial department, and to reflect new management actions and new product features. Typical actuarial modelling projects in this team are expected to focus on 4 key areas:
  • Initial assessment: Technical actuarial discussion on the actual management practices and expectations across different actuarial functions.
  • System design and technical specifications: Specify the particular model design and structure, identify expected financial drivers, discuss potential technical issues and propose practical solution.
  • Implementation and testing: Model build, and a full range of model validation and result analyses.
  • Management approval: Presentations of proposed technical approaches, financial impacts and potential business implications to senior management.
  • Assist in the construction of responses to technical enquiries from different stakeholders.
  • Assist in process changes and implementation to enhance efficiency and effectiveness in order to fulfill company and actuarial objectives and strategies.
  • Assist in the maintenance of robust actuarial governance and compliance framework.
QUALIFICATIONS
  • University degree holder majoring in Actuarial Science or related fields.
  • Decent progress in actuarial exams.
  • At least 1-2 years of relevant experience.
  • Experience in UK with-profits management, economic capital or financial experience is a plus.
  • A team player with good communication and presentational skills, able to work under pressure.
  • Detail-minded and with good problem solving and analytical skills.
  • Good command of both spoken and written English.
  • Modeling experience with PROPHET and stochastic modeling software is a plus.