Senior Manager, Actuarial
4 days ago
About Aegon International Actuarial Function Aegon International’s actuarial function is a critical control function that supports the company’s strategy, protects policyholders and the balance sheet, and facilitates economic value creation. The vision is to deliver core actuarial requirements efficiently, freeing up time for value‑added activities such as driving change and business strategy. Senior Manager – Actuarial The role holder reports to the Chief Actuary of Aegon International and provides actuarial oversight for Aegon International units, primarily in Asia (China and TLB). The incumbent supports product development, pricing, actuarial assumptions, capital and asset‑liability management, and other actuarial projects across the Group. Responsibilities Product Development & Pricing Oversight Coordinate product deep dives and pricing reviews for local business units. Ensure major product pricing and sales promotions comply with Group policy and meet pricing hurdles. Assess regulatory trends and recommend action plans. Track market developments in China and TLB and share product insights. Deep dive on major products, including MCVNB analysis. Request and review Product and Underwriting Committee (PURC) materials. Prepare PURC deck slides for Asia BUs. Facilitate product approval by PURC and follow up on action items. Actuarial Assumptions & Reserve Adequacy Provide opinions on BU assumptions updates and underlying experience analysis. Lead governance of assumption updates. Perform annual regional actuarial assessment and deliver a function report. Assess reinsurance strategies, monitor programs, and review new treaties. Support BU reinsurance needs and coordinate with Group committees. Capital Management Review solvency reports and capital generation. Develop projections and sensitivities for forward‑looking management. Track management actions and report outcomes. Asset Liability Management (ALM) Participate in key ALM projects (e.g., China ALM enhancement). Facilitate annual and quarterly tolerance‑cube updates. Monitor ALM mismatches, highlight trends, and provide analysis. Facilitate approvals by Regional and Group Committees. Other Actuarial Projects IFRS 17 review and analysis for MAG & ATHTF. MCVNB analysis. Annual actuarial review of BMTP. M&A projects and local BU initiatives. Qualifications Qualified or close to qualified actuary. Minimum 7 years of experience, ideally in Mainland China or HK business units, with understanding of the mainland insurance market. Deep understanding of capital regimes, regulatory requirements, and reporting standards for China and TLB. Experience in balance sheet and capital modeling, management, and reporting is a plus. Good grasp of the actuarial management cycle, underwriting risk, assumption setting, and product pricing. Strong communication, problem‑solving, and organizational skills. Fluency in English and Mandarin (written and oral). Core Competencies & Leadership Qualities Highly motivated and able to work independently. Analytical mindset with focus on outcomes. Self‑starter, proactive, and accountable. Ensures execution of objectives. Builds valuable partnerships and influences across teams. Flexible with business travel. #J-18808-Ljbffr
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