Senior Actuarial Audit Manager

  • 38357
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Oct 13, 2020
Insurance
RESPONSIBILITIES
  • Help identify key risks at the local level for each entity with a focus on actuarial areas, e.g. valuation, product development and pricing, reinsurance, actuarial system considering the relevant strategies and business environment.
  • Help develop the annual audit plan considering the key risks identified.
  • Plan, lead and execute audits within the within the Asia Pacific region and evaluate the adequacy of controls according to established schedule and quality.
  • Assist in the development of actuarial audit strategies and procedures as well as share audit practices in actuarial area.
  • Coordinate and monitor audits being performed by regulators, external auditors, other entities’ auditors and other groups providing assurance. Partner with internal audit colleagues in integrated audits where appropriate.
  • Review or prepare audit reports and lead discussion of issues and remedial action plans with the appropriate levels of management.
  • Facilitate issuance of audit reports to management.
  • Follow-up outstanding audit issues and monitor timely completion of agreed remedial actions by management.
  • Proactively contribute to the development of the team through coaching, training and providing timely feedback to junior staff.
  • Assist in evaluating whether the team has adequate human resources, technical expertise and proficiency to cover the annual audit plan.
  • Review and co-ordinate the work of the team members and ensure that the working papers, draft audit reports and other deliverables meet internal standards and assignments are completed within budgeted time.
  • Assist the Head of Internal Audit in training, mentoring and evaluating staff, and taking corrective actions to address performance issues.
  • Liaise with the control community and other members of the company to contribute to the implementation of an effective and efficient system of internal control.
  • Develop rapport with business unit management through regular communication of changes in business operations, emerging risks and potential issues, etc.
  • Provide professional advice and insights to management to enable informed management decisions.
  • Take the initiative in improving self through classroom and on-the-job trainings.
  • Perform other responsibilities and duties periodically assigned by the Head of Actuarial Audit in order to meet operational and/or other requirements.
QUALIFICATIONS
  • University graduates of Mathematics, Actuarial Science, Statistics or equivalent.
  • Minimum 7 years of actuarial, life insurance or other relevant experience.
  • Prior audit experience is an asset.
  • A relevant professional qualification such as Associate/ Fellow of the Society of Actuaries or equivalent.
  • Strong understanding of insurance and legislative/regulatory requirements.
  • Knowledge with audit tools and other software such as ACL, Tableau, Prophet MS Office, intermediate knowledge on IT.
  • Good command of both oral and written English.
  • Strong leadership, project management and organization skills.
  • Solid problem solving skills, ability to analyse complex data, identify core issues, investigate, evaluate and reach appropriate conclusions.