Manager Actuarial

  • 34430
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Dec 5, 2018
Insurance
RESPONSIBILITIES
  • Understand modelling implications of IFRS 17 and be able to articulate the same to senior leadership.
  • Work closely with IT and Finance to understand other modelling requirements created by IFRS 17.
  • Assist the team to undertake quick analyses of financial impacts in order to deliver the Accounting Manual.
  • Assist the team to create impact analyses for the business.
  • Lead in coordination and delivery of actuarial modelling changes required to meet IFRS 17 requirements.
  • Play an active part in developing and supporting the company’s modelling capabilities, including contributing to the transition of the currently outsourced processes into company’s platforms.
  • Actively participate in the regulatory work leading to the annual capital filing and associated Solvency II and regular capital analyses.
  • Analyze the drivers for capital usage under the solvency basis and help to optimize the same, including the volatility using ALM and other techniques.
  • Assist the Chief Actuary and Head -Actuarial & Modelling team to work closely with external auditors and regulators.
  • With support from the Chief Actuary and Head - Actuarial & Modelling, develop and present findings to senior management on the above.
QUALIFICATIONS
  • 10-14 years’ relevant experience in life insurance industry.
  • Qualified actuary, holding credentials from a recognized actuarial body FSA, FIA.
  • Actuarial software programming in RAFM/MoSes.
  • Experience in undertaking economic valuation approaches.
  • Familiarity with IFRS 17.
  • Experience in regulatory frameworks EBS, IFRS, US GAAP, or other.
  • Experience in overview of control and governance environment around model development and maintenance.
  • Experience / knowledge in stochastic projection approaches, including dynamic interactions.
  • Experience / knowledge in economic capital and/or risk-based capital framework.
  • Experience in working on a project basis with cross-functional / external vendor involvement.
  • Managing senior cross-functional stakeholders.
  • Track record of devising methodology and models for implementation of new model environments.
  • Proven experience of leading project based modelling or change initiatives, including managing relationships with external vendors and 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 convey complex actuarial and modelling 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.
  • 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.