Director, Actuary recruitment
Job Responsibilities:
The job holder is responsible in leading an actuarial team and managing the day-to-day activities by providing instructions and guidance on work related matters, and managing their performance to agreed standards. Responsibilities also include providing coaching to staff on actuarial concepts techniques, and ensure that all staffs receive sufficient training and career development.
Actuarial Reporting Analyses
- Co-ordinate the preparation of various actuarial and financial reports required by regulations, the Group and internal management. Act as first point of contact for basic queries relating to those reports.
- Monitor movements in the statutory solvency position on a monthly basis.
- Conduct regular experience analyses to provide input into the assumptions to be used in pricing, valuation, and business projections.
- Conduct periodic investigations into the supportability of the current bonus structure, and support the Appointed Actuary in the setting of policyholder bonuses.
- Play an active role in the business planning process. Monitor subsequent performance against plan, identifying and explaining areas of divergence.
- Over-see the company's reinsurance administration. This includes the maintenance of reinsurance systems, the generation of statements of accounts, and the assessment, documentation and update of reinsurance treaties.
- Assist the Appointed Actuary in ensuring results, processes and procedures are sound, accurate and fully documented. In particular ensure compliance with regulatory requirements, the company standards and actuarial principles.
Actuarial Projects Development
- Maintain and enhance Prophet models making them more efficient and aligning them to regional best practice standards.
- Continually evaluate and streamline existing (and develop new if necessary) processes for actuarial valuation, financial reporting, and analyses including statutory valuation, EEV IFRS, IGD, etc.
- Provide support to the Actuarial and Product Management teams in managing product development and valuation projects, particularly in terms of project management and approval processes
- Assist the Chief Officer, Actuarial Product Management in ad-hoc investigations as required from time to time.
Key Accountabilities:
- Accuracy, timeliness and completeness of all reports/documents submitted and other deliverables
- Active analysis of results, with upward reporting of known errors, omissions or anomalies
- Management and development of subordinates
- Maintenance of adequate documentation and procedure notes (Prophet and Excel models, other calculation spreadsheet related)
- Effective coordination with staffs of other departments (IT, OP, FACM, Legal Compliance)
Requirements:
- A university degree in actuarial, finance, mathematics and/or statistics.
- Being a Fellow of a recognised actuarial organization.
- At least 5 years of relevant actuarial experience in a life insurance company, with experience in multiple aspects of actuarial work and system development and implementation.
- Having relevant supervisory or mentoring responsibilities, and must have exhibited good project management skills.
- Experience in leading, training and coaching junior actuarial staff for at least 1 year.
- Extensive actuarial and insurance knowledge learned from both examinations and job experience.
- Understanding of the dynamics of an insurance company and how the actuarial functions relate to this.
- Ability to work independently and with minimal supervision.
- Strong leadership, project management, coaching and mentoring skills.
Candidates with less experience will be considered for Assistant Director role.
Interested parties, send your CV to monicalee@morganmckinley.com.hk
April 16, 2012
• Tags: Actuary recruitment, Asset Management careers in the Hong Kong SAR, Director • Posted in: Financial