Actuary, Financial Business Management

  • 35713
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Aug 28, 2019
Insurance
RESPONSIBILITIES
  • Value management and improving financial performance across all key financial metrics.
  • Keep up-to-date on the local market landscape and regulatory development.
  • Analyze financial and operational performance, initiate and participate in finance optimization projects that would enhance values and capital efficiency of the company.
  • Promote the mindset of continuous inforce business management in order to deliver sustainable, quality results.
  • Business case approval for distribution compensation & incentive, sales recruitment, product related and other finance related approval.
  • Actuarial related support, review and approvals.
  • Formulate policies and guidelines for product pricing, distribution compensation & incentives, sales recruitment, sales illustration, policyholder bonus etc.
  • Regularly review the above-mentioned policies and guidelines to ensure they remain relevant and appropriate in the light of local market landscape, regulatory development and customer expectation.
  • Formulate basis and minimum requirement for experience review, the results of which should be fed into the annual business planning and operating assumption setting process.
  • Annual operating assumption setting.
  • Drive the annual review process to ensure the best estimate assumptions are internally consistent and appropriate taking into account historical experience, trends and outlook.
  • Support local business units by providing constructive challenge and facilitate approval by presenting a complete and balanced view.
  • Act as a specialist in technical topics in products and distribution channels.
QUALIFICATIONS
  • University graduate with minimum 8 years’ actuarial experience
  • Fellowship in a recognized international actuarial professional body.
  • Practical knowledge of life insurance products.
  • Self-starter.
  • Strong technical skills and negotiation skills.
  • Sound problem solving and decision making skills.
  • Good communication and interpersonal skills.