Chief Actuary

  • 34558
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Jan 21, 2019
Insurance
RESPONSIBILITIES
  • Assume overall responsibilities in the financial risk management of all business/product lines based on sound business and professional judgment, such as approving key financial assumptions used in product pricing and premium rates, signing off new products, deciding assumptions and methods used in determining the level of Reserves and Value of Business In force of the companies’ life insurance business.
  • Approve and sign off reinsurance treaties for the life companies. Responsible for setting reinsurance policy, making appropriate reinsurance arrangements and reporting to the Board.
  • Set key economic and financial assumptions for the life business for the companies’ Annual Operating Plan.
  • Provide input in respect of overall business strategy and work closely with Business Heads to maximize business opportunities and ensure business can meet the strategic aspirations of growing the insurance business.
  • Key member of the Senior Management Team and will be expected to actively participate in different committees and board meetings, including presenting specific recommendations in respect of valuations, dividend declarations and various risk mandates.
QUALIFICATIONS
  • University Degree holder in Actuarial Science, or related disciplines with over 15 years relevant working experience.
  • Excellent communication skills with experience in preparing and/or conducting briefings and interfacing at all levels of management.
  • Project management experience, organizational skills and ability to think innovatively.
  • Demonstrate initiative, autonomy and commitment to process improvements.
  • Ability to think strategically balanced with practical day-to-day execution.
  • Strong leadership with negotiation and problem solving skills.
  • Great sense of ownership and servicing mindset to ensure efficient and effective customer service processes.