Economic Capital Director

  • 37476
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Jun 4, 2020
Insurance
RESPONSIBILITIES
  • Deliver economic capital results to key stakeholders at regular reporting periods. Ensure that the team delivers economic capital results with clear commentary and P&L attributions.
  • Communicate to senior management the economic capital movements from period to period, the likely business impacts and any key issues arising.
  • Overall responsibility for the production process for region wide economic capital reporting which includes Prophet models and economic capital specific proxy models.
  • Ensure that the region’s economic capital methodology is aligned to the Group framework, ensuring a balance between theoretical requirements and practical realities.
  • Actively increase the awareness of the users and economic capital results production teams of the potential use and existing disclosure requirements.
  • Support the business to transition deeper into a manage with economic capital from the existing measuring economic capital metric.
  • Support the wider business functions where economic capital can be used in decision making.
  • Support the LBUs in economic capital related activities.
  • Lead by example from a people management perspective.
  • Proactively manage relationships to be recognized as the key, trusted point of contact on the company and LBU Actuarial issues relating to economic capital.
  • Provide learning and development opportunities for junior team members and support the rotation of staff around the region.
QUALIFICATIONS
  • 12+ years of relevant experience.
  • Strong technical knowledge of economic capital and actuarial modelling.
  • In particular, familiarity with Internal Models under the Solvency II regime would be a significant advantage.
  • Ability to interact and influence key stakeholders across Finance and Risk.
  • Prior knowledge of a range of insurance products and common reporting metrics is expected.
  • Prior experience of Par products and management practices would be very beneficial.
  • Ability to lead and inspire a team of junior actuaries across a range of diverse modelling tasks.
  • Ability to build relationships, particularly with LBUs where influencing skills may be required.
  • Fluent in both spoken and written English is essential.