Actuarial Manager

  • 36604
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • 5 days ago
Insurance
RESPONSIBILITIES
  • Support the Company’s product strategies by working closely with immediate manager as well as Product Marketing to assess the feasibility of ideas from commercial/financial/regulatory perspectives, hence providing appropriate proposals and advice to the senior management for decision making.
  • Conduct profit testing and key metrics sensitivities and various impact analyses to support new initiatives and business growth.
  • Ensure proper product implementation in the illustration and administration systems.
  • Ensure proper governance and approval process is followed through by liaising with Risk and the company.
  • Liaise with various stakeholders including Sales, IT and Ops on product related support/queries, e.g. special handling or quotations.
  • On project basis, provide support/guidance to junior team members.
QUALIFICATIONS
  • 5 years’ hands-on experience in various product development and pricing projects that may include Non-Par, Par, ILAS, IUL, VUL, high-end Health and sickness products.
  • Degree in Actuarial Science, Mathematics, Statistics or relevant discipline.
  • Have made significant progress in the actuarial exams.
  • Knowledge in computer programming, esp. VBA in Excel.
  • Qualified Actuary, FSA or equivalent desired.
  • Actuarial software programming in RAFM.
  • Experience of pricing a wide variety of different product types.
  • Experience in end-to-end product development cycle that includes implementation.
  • Knowledge of Hong Kong & Singapore insurance markets, including competitive landscape and customer/distribution trends.
  • Knowledge of insurance markets under the Hong Kong, Singapore and Bermuda regulatory framework.
  • Experience with IFRS, US GAAP and Market Consistent Framework.
  • Experience with having worked with senior management on product development and pricing analyses for decision making.
  • Ability to work independently and responsibly.
  • Ability to think on his/her 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 document and effectively convey moderate to complex actuarial accounting and reporting 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.