Regional Actuary

  • 34540
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Jan 18, 2019
Insurance
RESPONSIBILITIES
  • Provide support to the company LBUs on their key Prophet model developments. This will involve leading small teams on a project by project basis across the end-to-end model enhancements process.
  • Ensure that the team delivers: successfully validated model developments, clear, accurate model documentation, sufficient handover to LBU owners.
  • Engage with a range of stakeholders at both the company and LBUs on the model developments:
  • This will involve discussions with Actuarial Reporting’s country managers to propose, plan and prioritize the upcoming model developments, while simultaneously managing stakeholders in the modelling and reporting teams of the LBUs.
  • Multiple projects, with different LBUs, will need to be managed simultaneously.
  • Develop an excellent understanding of the LBU’s key modelling issues.
  • Working with LBUs to meet agreed timelines for model enhancement deliverables.
  • Develop effective working relationships with LBU and personnel.
  • Regular model developments, the candidate will lead region wide modelling upgrade and the modelling roll-out of models for new metrics, such as IFRS17, across the region.
  • Deliver a smooth rollout of the developments to agreed milestones.
  • Supporting LBUs to demonstrate compliance with the region-wide model risk policy.
  • Effectively communicate to LBU actuarial teams on best practice adherence to model risk policy.
  • Maintaining the region-wide Prophet Enterprise system infrastructure.
  • Ensure smooth management of infrastructure from an actuarial perspective.
  • Maintaining technical expertise in particular areas, and sharing this expertise with LBUs and other team members.
  • Produce clear and insightful presentations on important modelling topics on a regular basis.
  • People management of the regional Actuarial Modelling team.
  • Ensure team members are managed responsibly on engagements.
  • Provide sufficient learning and development opportunities for junior team members.
QUALIFICATIONS
  • 10+ years of relevant experience.
  • Strong technical knowledge of actuarial modelling, in particular using Prophet Professional and including the ALS library.
  • Strong familiarity with the typical backing IT infrastructure that sits behind Prophet at large companies.
  • Prior knowledge of a range of insurance products and common reporting metrics, would be beneficial to the role due to the range of possible projects.
  • Prior experience of Par products and management practices would be very beneficial.
  • Ability to independently manage a team across a range of diverse modelling tasks.
  • Ability to build relationships, particularly with LBUs where influencing skills may be required.
  • Fluent in both spoken and written English is essential.
  • Proficiency in Prophet and Excel is expected.