Actuarial Manager, Model Development

  • 38125
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Sep 8, 2020
Insurance
RESPONSIBILITIES
  • Manage a team of staff to deliver timely and high-quality deliverables related to actuarial model development and data management.
  • Ensure timely and correctness of results as prepared by the team on the actuarial model development and data management process and other duties/special projects.
  • Ensure the compliance of various requirements from group office.
  • Drive continuous improvement in system, process and approach to automate and streamline actuarial model development process.
  • Collaborate with internal and external working partners to ensure smooth actuarial model development and maintenance process.
  • Establish a cycle of feedback and collaboration to continuously improve models and their impact on business decisions.
  • Ensure adherence to appropriate corporate governance, controls and documentation policies/procedures.
  • Support compliance with emerging enterprise and regulatory standards and guidelines for actuarial models.
  • Identify and recommend solutions for inconsistencies or inadequacies that will facilitate more effective modeling and analytics.
  • Present model results including validation and documentation and makes recommendations on future updates.
  • Centralize and strengthen actuarial data management for corporate actuarial work.
  • Develop center of excellence in actuarial modelling.
  • Leverage next generation technology and digital solutions to improve actuarial workflows and processes to enhance efficiency to accelerate strategic objectives.
  • Derive insights and foresights across the actuarial value chain from advanced data analytics.
  • Coach and develop team member.
  • Encourage team members to take challenge and facilitate growth.
  • Support other actuarial projects as required by performing financial projections and profitability analysis for annual and ad-hoc exercise.
  • Ensure team members who perform regulated activities have obtained the relevant licenses and fulfilled the licensing requirements.
QUALIFICATIONS
  • University / College graduate in Actuarial Science, Mathematics and Statistics, Actuarial Science, Business Administration or related subject with at least 6 years’ experience in life insurance industry.
  • Attained Fellowship in Actuarial professional examination.
  • Sound people management and analytical skills.
  • Strong communication, presentation and project management skills.
  • Ability to deal with and handle multiple priorities.
  • Solid experience and knowledge in insurance product and corporate actuarial work.
  • Experience and knowledge in IFRS/USGAAP, embedded value, HKIO basis, economic capital is an asset.
  • Proficiency in MS Office and Actuarial Software is an advantage.
  • You are required to obtain relevant license if your job involves in regulated activities.