Assistant Mgr / Senior Analyst Model Management

  • 36609
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • 5 days ago
Insurance
RESPONSIBILITIES
  • Assist in the maintenance of actuarial models, including the deterministic PROPHET model and the stochastic PROPHET ALS model.
  • Ensure a consistent set of actuarial models is being used for different purposes within the whole Actuarial department.
  • Incorporate actuarial models of newly priced products into the financial reporting model system.
  • Perform regular model validation projects to ensure model accuracy.
  • Assist in constructing technical responses to actuarial queries from external stakeholders, including regulators, regional office and the UK home office.
  • Perform modelling projects to streamline model runs, improve model efficiency, and address the issues raised by model users.
  • Understand the model issue and propose the optimal modelling approach with balance of technical robustness and operational efficiency.
  • Perform model enhancement in accordance with model control and validation requirements.
  • Analyze the financial implications under different reporting basis.
  • Provide technical and project management support on special actuarial projects assigned by the Team Head and/or the Chief Actuary.
  • Communicate with model users to align the preferred modelling approach and reasonableness of financial impacts.
QUALIFICATIONS
  • University graduate, Associate of Societies of Actuaries or equivalent.
  • At least 3-4 years of relevant experience.
  • Knowledge and experience in life insurance industry, preferably with UK with-profits management, economic capital and financial reporting experience.
  • Modelling experience with PROPHET is essential.
  • Stochastic modelling experience is an advantage.
  • Good command of both spoken and written English and Chinese.
  • Excellent analytical and problem-solving skills.
  • Proficiency in Microsoft Word and Excel.