Actuarial Director

1 month ago


Hong Kong, Central and Western District, Hong Kong SAR China AIA International Limited. Full time
About the Role

We are seeking a qualified Actuary to join our Product Pricing Leadership Team as a key member, supporting the Head of Product Pricing in driving sustainable and profitable growth of new business in one or multiple product lines.

  • Take ownership and responsibility for the sustainable profitable growth of new business for one/multiple product lines.
  • Lead research and development in collaboration with technical teams to enhance product competitiveness and financial outcomes.
  • Stay up-to-date with the latest claim, policyholder behavior, and expense experience to identify opportunities and risks.
  • Prepare for changes in regulatory frameworks and lead/participate in projects that shape favorable regulatory outcomes.
Key Responsibilities:
  1. Develop, monitor, and evolve product pricing strategies for a product line in partnership with the Head of Product Pricing.
  2. Formulate product pricing strategies, identifying R&D enablers and suitable new products to compete for market opportunities.
  3. Monitor new business sales and financial performance, as well as the market landscape, to identify weaknesses and opportunities to evolve the product pricing strategy.
  4. Collaborate with Proposition communities and other functions to develop processes and systems supporting product pricing strategies.
Requirements:
  • Qualified Actuary with at least 10 years of progressive experience in direct life insurers, reinsurers, or consultancy.
  • Clear understanding of full-range product lines, including Par saving, critical illness, medical, universal life, corporate solutions, unit link, pension, and retirement products.
  • Deep expertise in assumption setting, asset/liability cash flow modelling, ALM, investment, capital management, medical business, and valuation.
  • Strong influencing and negotiation skills, with awareness of external factors like general economy, investment conditions, and regulatory development.
  • Proficient command of spoken and written English, with Cantonese/Mandarin a plus.


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