Actuarial Specialist

4 weeks ago

Hong Kong, Central and Western District, Hong Kong SAR China Sun Life Full time

Job Summary

The incumbent will assist the Director of Actuarial Peer Review, Asia in ensuring that product development and pricing in Asia, reinsurance management, and management of pricing and valuation model risks, are in compliance with SLF policies, standards, and guidelines under the supervision of the Actuarial Director.

Key Responsibilities

  • Conduct peer review of simple to moderate traditional and unit-linked products, including pricing model, as assigned under minimal supervision by the Manager.
  • Communicate clearly the comments and results of product review to assigned BUs or JVs, and complete well-written Peer Review and Financial Opinion report in a timely manner.
  • Assist in reviewing the appropriateness of reinsurance arrangement on new products, if any, in accordance with the Reinsurance Enterprise Operating Guideline, and check if this is properly reflected in the submitted reinsurance recommendation and cover note submitted by assigned BUs and JVs.
  • Coordinate with business units in managing completion of product post-launch action items of assigned BUs or JVs and recommend items for escalation.
  • Ensure that product development process, product design, and pricing is in line with Product Design and Pricing Policy and Operating Guidelines, SLF policies, standards, and guidelines, as well as consider the product review best practices such as use of peer review checklist and agile way of review.

Requirements

  • Strong actuarial competency in either actuarial valuation or product pricing.
  • Strong business acumen and financial understanding.
  • Strong communication skills, both verbal and written, particularly in English.
  • Potential ability to design and implement processes and standards.
  • Competent to solve problems that don't have clear solutions or outcome. Is resilient and adaptable.
  • Competent in the use of information technology tools to design and implement programs for testing of valuation and product pricing models.
  • Competent in AXIS modelling or any modelling done in actuarial software.
  • Knowledgeable about insurance products and how these work.

Qualifications

  • College degree in Mathematics or Statistics.
  • Have passed at least 4 preliminary exams.
  • Have 3-4 experience years in actuarial operation within a life insurance organization, including one (1) year specialization in at least one (1) key actuarial function.

Preferred Skills

  • Strong actuarial competency in either actuarial valuation or product pricing.
  • Strong business acumen and financial understanding.
  • Strong communication skills, both verbal and written, particularly in English.
  • Potential ability to design and implement processes and standards.
  • Competent to solve problems that don't have clear solutions or outcome. Is resilient and adaptable.
  • Competent in the use of information technology tools to design and implement programs for testing of valuation and product pricing models.
  • Competent in AXIS modelling or any modelling done in actuarial software.
  • Knowledgeable about insurance products and how these work.

Job Category: Actuarial

Posting End Date: 28/07/2024

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