AVP & Actuary, Appointed Actuary Function & Product Oversight
4 weeks ago
Job Description
:Responsibilities
Par and Dividend Management:
Ongoing management of participating business in accordance with various scheme documents where applicable, and in compliance with applicable Participating Insurance Policy, Operating Guidelines, as well as local regulations
Regular determination of asset shares and policy illustration for inforce participating business
Review and recommend policy dividend, reversionary bonus and terminal bonus decisions
Review and recommend interest crediting rates on amounts on deposits and policy loan interest rate decisions
Engage in the business decision process with the responsibility to ensure participating policyholder’s interest is protected
Product Oversight:
Provide oversight to product pricing on behalf of the CRO&CA of the Company
Engage in various stages of product/pricing development process and advise on key issues and risks
Oversee sales illustrations to ensure compliance with relevant regulations
Risk-based Capital (RBC) Reporting:
Manage and review the regulatory submission under the RBC regime
Analyze the drivers underlying the RBC financial result and generate business insights
Liaise with other functions on business issues as the RBC subject matter expert
Optimization and Change Management:
Lead the implementation and change management in response to the regulatory changes on participating fund management and RBC regime
Engage in the consultation process of regulatory changes on behalf of the Company
Manage initiatives to optimize the participating fund management and RBC reporting process
Requirements:
Qualified actuary FSA, FCIA, FIA, FIAA or equivalent
At least 12 years of working experience in the life insurance sector
Relevant experience in participating fund management, product management and regulatory reporting
Technically solid with relevant experience in participating fund management, product management and regulatory reporting
Excellent planning and change management skills
Understand the business and be able to drive decisions with business and financial acumen
Ability to manage stakeholders from various functions with diverse perspectives
Ability to communicate confidently to a wide variety of audiences at all organization levels
Ability to develop people through coaching, feedback and stretch assignments
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:
ActuarialPosting End Date:
30/05/2024-
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