Senior Manager/Manager Actuarial

  • 34429
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • 6 days ago
Insurance
RESPONSIBILITIES
  • Develop a good understanding of the IFRS 17 Standard and Group position papers, along with interpretation adopted by other countries and the wider industry, particularly in the areas of disclosure and transition arrangements.
  • Work closely with Finance to support defining and documenting local IFRS 17 reporting and disclosure requirements.
  • Work closely with Finance and IT to define the IFRS 17 data requirements gathering.
  • Work closely with Finance to understand and develop transition logistics.
  • Assist in undertaking a dry run for the above.
  • Thereafter help in a smooth implementation of the new requirements.
  • Help the wider business to understand the strategic impacts on the new standard, including the impact upon KPIs and other metrics.
  • Work on ad-hoc tasks and on other work streams, such as policy & interpretation, modelling transformation, etc. within the set-up of a fluid project structure
  • Assist the Chief Actuary and IFRS 17 team members to work closely with external auditors and regulators.
  • With support from the Chief Actuary and IFRS 17 team members, develop and present findings to senior management on the above.
QUALIFICATIONS
  • 8-12 years’ relevant experience in life insurance industry.
  • Qualified actuary, holding credentials from a recognized actuarial body FSA, FIA.
  • Actuarial modelling skills.
  • Experience in regulatory frameworks e.g. local statutory, IFRS, US GAAP, or other.
  • Strong familiarity with the company’s products, data, systems and processes.
  • Desired: Familiarity with IFRS 17.
  • Experience in undertaking economic valuation approaches.
  • Strong background of working on new initiatives / implementations.
  • Experience in working on a project basis with cross-functional / external vendor involvement.
  • Track record of visualizing and devising processes for pulling together data/analyses from different sources for implementation of new accounting or regulatory changes.
  • Experience / knowledge in economic capital and/or risk-based capital framework.
  • Strong track record of working collaboratively with cross-functional stakeholders, especially Finance and IT.
  • Strong knowledge of design of data and information processes including control environment.
  • Desired: Proven experience of leading project based modelling or change initiatives, including managing relationships with external vendors and cross-functional stakeholders.
  • Track record of presenting and defending analysis to external auditors and senior cross-functional stakeholders.
  • Ability to work independently and responsibly.
  • Ability to think on their own feet and the responsibility/willingness to take ownership to make things happen.
  • Strong attention to detail and desire to produce a high quality work product and learn.
  • Good time management and thrives working flexibly under sometimes challenging project based timescales.
  • Ability to work in a fast paced environment, prioritize appropriately and handle multiple tasks.
  • Effective communication skills, especially in being able to document and effectively convey moderate to complex actuarial accounting and reporting topics to cross-functional stakeholders.
  • Good problem solving & analytical skills, especially in being able to find practical solutions to implement technical concepts.
  • Strong desire to learn by working on project based new developments.
  • Desired: Ability to contribute, with limited supervision, to the implementation of the Company’s frameworks / new initiatives.
  • Working effectively and cooperatively with others: establishing and maintaining good working relationships.
  • Clearly conveying information and ideas through a variety of media to individuals and groups, verbally and in writing, in a manner that engages the audience and helps them understand and retain the message.
  • Able to engage and influence cross functional and external stakeholders and manage a balance between potentially conflicting priorities/considerations.
  • Ability to proactively identify and initiate actions required for the company to achieve its capital and ALM requirements.
  • A team player with excellent interpersonal skills to work across multiple disciplines.