Senior Actuarial Manager/ Actuarial Manager

You are as unique as your background, experience and point of view. Here, you’ll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world.

Job Description:

HK has adopted the new risk-based capital (RBC) framework, which aims to reflect the economic risks faced by insurance companies more accurately and promote effective risk management practices.

The role is expected to focus on production of RBC, RBC optimization initiatives and regulatory submissions.

Responsibilities:

HKRBC Valuation:

• Lead the HKRBC BAU production and regulatory statistic submission, including managing the key production process and workflows, design of methodology and reviewing the control process
• Analyze the solvency position, identify key risk drivers to capital position and propose ideas & solutions to team leads and management for appropriate actions.
• Maintain close relationship with various internal teams as well as the external consultants to ensure smooth RBC reporting and ensure harmony across different reporting basis.
• Support both internal communication with Board & senior management and external communication with Insurance Authority and external auditors

Analytical Support and Optimization Initiatives:

• Analyze optimization initiatives (e.g. ALM solution, reinsurance solution etc.) and take ownership for implementation to manage HKRBC solvency position together with other key stakeholders (e.g. Capital Management Team, Reinsurance Team, ALM team etc.)
• Develop and Enhance reporting process to improve efficiency and analytical capacities e.g. streamline and automation of workflows
• Provide support to product pricing, and safeguard that new products are aligned with the Company’s risk appetite from HKRBC prospective

Support ad-hoc initiatives requested by various stakeholders (e.g. Team Lead, Senior Management or regulator etc.)

Requirements

• University Graduate in Actuarial Science or related disciplines
• Qualified actuary - FSA, FCIA, FIA, FIAA or equivalent, or good progression in actuarial exams
• Minimum of 6 years of experience in actuarial field
• Technically solid with relevant experience in actuarial field. Knowledge in financial reporting, including but not limited to HKRBC, IFRS17, Economic Capital is an advantage
• Good planning, management, and communication skills
• Take ownership of tasks assigned, and able to work independently
• Knowledge in AXIS, Prophet ALS or other actuarial software is not required but a plus
• Experience in managing complex project with multiple stakeholders is an advantage
• Strong sense of ownership
• Attention to details plus strong analytical and problem-solving skills
• Ability to work independently and in an agile manner with minimal supervision
• Ability to manage multiple priorities and deadlines and lead junior staff

We offer 5-day work, attractive salary, MPF, group life and group medical insurance; and excellent career development opportunities to the right candidate.

We are an equal opportunity employer and welcome applications from all qualified candidates. Application forms and resume will be kept for a period of 24 months after completion of the recruitment process. (All information will be held in strict confidence and only be used for recruitment purpose).

Job Category:

Actuarial

Posting End Date:

24/11/2024