Peak Re | Director, Reserving, Life

3 days ago


kowloon, Hong Kong SAR China Peak Re Full time
Director, Reserving, Life & Health (Appointed Actuary)

6 days ago Be among the first 25 applicants

Peak Reinsurance Company Limited (“Peak Re” or the “Company”) is a Hong Kong-based global reinsurance company. Since commencing its operations in 2012, the Company has grown steadily to rank 27th among global reinsurance groups in terms of net reinsurance premiums written. The Company reported a net profit after tax of USD160 million against reinsurance revenue of USD750 million in the first half of 2023 (six months ended 30 June 2023). With a total equity of USD1,260 million as of 30 June 2023, Peak Re enjoys an “A-” rating by AM Best. Peak Re is authorised by the Insurance Authority of Hong Kong under the Insurance Ordinance (Cap. 41). The Company offers both Property & Casualty (“P&C”) and Life & Health (“L&H”) reinsurance.

Job Responsibilities:

  • Provide tailored solutions and engage actively with internal and external stakeholders to support the firm’s strategic, business and financial targets per approved Business Plan.
  • Sustain and promote Peak Re’s brand, strengthening our profile as a leading reinsurer in the Global Markets.
  • Deliver timely, accurate and insightful analysis.
  • Take the lead on evolving reporting matters, e.g. including smooth delivery and embedding of IFRS 9 & IFRS 17 requirements.
  • Custodian of all internal reporting requirements (board, senior management), regulatory (in countries where we have an office), and rating agencies.
  • As the Appointed Actuary of the Life & Health team, provide guidance on all valuation matters, capital and solvency requirements.
  • The “go-to” Actuary on any M&A opportunities.
  • Accountable for all internal reporting, regulatory and rating agencies requirements.
  • Ensure that the valuation bases and capital requirements are adequate and compliant with regulatory and rating agency requirements.
  • Establish and maintain a robust actuarial model for Asset & Liability Matching, Economic & Regulatory Capital, Accumulation Control, and Valuation on the in force portfolios.
  • Implementation of “best-in-class” internal processes for the actuarial function.
  • Peer-review support for pricing on large commercial opportunities.
  • Work with structured solution team to ensure the deal is soundly priced and complies with regulatory requirements.
  • Develop and maintain strong relationships with senior executives, especially CFO, CRO, Head of Investment, decision makers and key influencers.
  • Actively present and participate in industry conferences and task forces.

Job Requirements:

  • Bachelor degree or above in Actuarial Science, Mathematics or any other numerate degrees.
  • Fellow with an internationally recognised actuarial body, and achieved fellowship for a minimum of 5 years.
  • Minimum 12 years of relevant life insurance or reinsurance experience, preferably with regional / international exposure.
  • Qualified to take Appointed Actuary position.
  • Candidates with Appointed Actuary experience are preferred.
  • Experience in valuation and corporate reporting required.
  • In-depth understanding of the regional markets, especially on regulatory developments and rating agencies requirements.
  • Knowledge in regulatory requirement on economic capital (e.g. Solvency II and RBC), with stochastic modelling experience.
  • Credible exposure to economic capital modelling.
  • Excellent command of English, preferably with Chinese language skill.
Seniority level

Director

Employment type

Full-time

Job function

Other

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