Senior Analyst

  • 34550
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Jan 18, 2019
  • Support key Economic Capital methodology decisions for the assigned LBUs. this includes:
  • calibration of the underlying risk distributions,
  • review modelling of LBU management actions, in particular with regards to dynamic bonuses on Par business,
  • review methodology for the application of EC stresses within the Prophet liability models,
  • review methodology to stress different asset classes in the EC calculation.
  • Performance measures:
  • Discuss with the relevant stakeholders to source all necessary information as background to the changes.
  • Accurately document, with sufficient backing analysis, the justifications behind the methodology decision/calibration.
  • Present impacts clearly to the relevant stakeholders.
  • Responsible for maintaining and improving the EC framework considering internal Group wide and external regulatory requirements. This may include supporting large scale enhancements to the EC processes where advances in systems or methodology become available.
  • Ensure that the EC framework is always in line with all applicable requirements.
  • Pro-actively investigate areas to enhance the framework and methodologies for known limitations.
  • Deliver a smooth rollout of new developments to agreed milestones.
  • Perform the calibration and validation of advanced ‘proxy models’ for EC modelling.
  • Deliver a successful validation of the proxy models as often as required to ensure that the models are fit for purposes for ongoing capital calculations.
  • Delivery of key production cycle deliverables including P&L attributions and stress test analyses.
  • Ensure that key reporting deliverables are made on time and with sufficient review.
  • Providing leadership and guidance to a small sub-team within the EC Production team.
  • Ensure team members are managed responsibly.
  • Provide sufficient learning and development opportunities for junior team members.
  • 5+ years of relevant experience within life insurance or consulting.
  • Strong technical knowledge across actuarial modelling, valuation, and capital reporting.
  • Prior knowledge of EC is desirable.
  • Prior knowledge of a range of insurance products and common reporting metrics, would be beneficial to the role due to the overlap of EC models and methodology with other areas.
  • Prior experience of Par products and management practices would be beneficial.
  • Ability to independently manage a small team across a range of diverse tasks.
  • A clear communicator able to present technical methodology to management.
  • Fluent in both spoken and written English is essential.
  • Ability to speak one or more Asian languages would be desirable.
  • Proficiency in Excel is expected, while knowledge of VBA and/or Prophet would be an asset.