AVP & Actuary, Appointed Actuary Function & Product Oversight

4 weeks ago


Hong Kong, Hong Kong SAR China Sun Life Full time

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:

Actuarial

Posting End Date:

30/05/2024

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