Actuarial Manager

  • 38552
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Nov 9, 2020
  • Develop data, system and process for IFRS 17.
  • Assess the data and assumption readiness for transition to IFRS 17.
  • Provide user requirement for various data and systems to IT.
  • Co-ordinate with IT or other parties to ensure the data and systems after development fulfill the user requirements.
  • Develop and maintain actuarial modelling framework, review model design, model controls, model constraints and coding efficiency.
  • Develop the IFRS 17 reporting process flow.
  • Collaborate with Group Office in establishing IFRS 17 methodology.
  • Understand the product portfolio and assist in reviewing the accounting policy paper / practical guidance by Group Office.
  • Assess the assumption gap compared to IFRS 17 requirements and develop new assumptions.
  • Collaborate with Group Office in performing financial impact analysis, understand the impact on product profitability and formulate strategy.
  • Take responsibility for actuarial modelling projects, utilize existing data for sophisticated statistical analysis and modelling work.
  • Involve in detailed review and design of actuarial systems including relevant documentation, procedures and instruction manuals.
  • Optimize software performance to ensure compatibility with latest technology.
  • Maintain the software's compliance with industry standards.
  • Perform data and system UAT, and other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements.
  • University / College graduate in Actuarial Science or related disciplines.
  • Minimum 6 years of relevant experience.
  • Good progress in Actuarial professional examination.
  • Knowledge in insurance products and IFRS4/USGAAP, IFRS17 will be an asset.
  • Proficiency in Actuarial Software - Prophet, especially Prophet ALS is a plus.
  • Experience in data and system UAT is a plus.
  • Proficiency in MS Office.
  • Good written and verbal English skill. Good written and verbal Chinese skill is an advantage.
  • Fluent in Cantonese and English mandatory, Putonghua preferable.