Senior Actuarial Manager/Manager

  • 38356
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Oct 13, 2020
  • Responsible for routine capital reporting required by regulators and corporate, including the weekly/daily local solvency ratio estimation and monthly solvency dashboard, quarterly Canadian LICAT capital ratio and movement analysis, capital report to Board for management insight, etc.
  • Perform capital adequacy testing under three capital regimes, Dynamic Solvency Testing required by Hong Kong IA, Financial Condition Testing required under C. regime, and capital stress testing required under B. regime.
  • Responsible for Hong Kong RBC Pillar 1 implementation, including performing QIS testing required by Hong Kong IA, establishing working templates, controls and process to get ready for real-life reporting in Jan 2024, developing corresponding sensitivities, forecast, and reports to provide insight to senior management, and analyzing business strategies for operating under the new RBC capital regime.
  • Develop capital projection and stress testing for Hong Kong RBC Pillar 2 ORSA reporting, including projecting RBC ratios over 5 years under base scenario and adverse scenarios.
  • Responsible for capital management initiatives, such as exploring and implementing reinsurance solutions to improve capital efficiency, supporting valuation enhancements, etc.
  • Lead Canadian LICAT qualitative impact study for regulatory developments on LICAT in correspondence to the development of IFRS 17, and revamp the LICAT reporting infrastructure accordingly.
  • Provide recommendation and advice pertaining to the results and possible future risks from the analytical work; support the Chief Actuary and AVPs on other projects and tasks as assigned.
  • Manage and provide coaching to two direct reports and one intern in the team.
  • University Graduate in Actuarial Studies, or similar courses.
  • Qualified actuary.
  • At least 6 years of experience in life insurance industry, preferably with Canadian GAAP reporting experience.
  • Strong business acumen.
  • Competent in the use of information technology tools to design and implement programs for data modelling and financial projections.
  • Proficient in programming and actuarial software such as MS Excel and AXIS.
  • Knowledgeable in financial reporting.
  • Strong analytical and problem solving skills.
  • Excellent verbal and written communication skills.
  • Good planning and coaching skills.
  • Accuracy and attention to details.
  • Can work independently with minimal supervision.
  • Demonstrate initiative, commitment and responsibility as a team member.