Head of Risk and Inforce Management recruitment
This role requires an advanced understanding of actuarial and risk management principles and collaboration with cross functional organization teams.
Inforce Profitability Management
- Actively monitor all key variables contributing to sources of gain or loss for each line of business (Traditional Life Non-Par Par, Universal Life, Variable Universal Life and Traditional Health).
- Anticipate potential events contributing to significant variances in projected profits and put forward mitigation strategies to management.
- Actively review policyholder behavior and assist management in making decisions on policyholder discretionary benefits.
- Assist management in evaluating the costs/ benefits of marketing campaigns applicable to the inforce customer base.
Enhancing Profitability
- Actively monitor the NB product mix and assist management in driving optimal sales mix by product, rider and line of business.
- Identify and monitor the profit drivers for NB by developing product channel economics.
- Identify profitability enhancement opportunities within the inforce ILB product and customer portfolio and develops strategies for profitability enhancement to address issues such as lower interest rate environment, product guarantees, claim ratios, etc.
- Strengthen the integration of risk management and ALM in product development process to ensure new products launched are inline with business plan financial.
Functional Leadership – Inforce Portfolio
- Accountable for the on-going profitability and measurement of products that are inforce.
- Liaise with the corporate actuarial team over changes that affect profitability due to assumption or experience changes.
- Manage product sales mix to ensure that overall profitability targets are met.
- Interact with cross functional organizational teams to drive and address issues affecting the performance of the individual life portfolio, including leaders from distribution, marketing, product development, IT, Corporate Actuarial, Finance and Operations.
- Recommend policyholder discretionary benefit levels to management based on both business needs and financial consequences.
Requirements
- FSA/FCIA with 10 years insurance experience
- Demonstrated expertise in Canadian GAAP reserving and capital standards
- Excellent communication skills. The ability to present technical content to senior executives in a concise manner
- Experience managing profitability of the business and financial analysis – including earning analysis, experience in valuation, business development and capital management
- Previous role in a matrix type position with interfaces to many different constituents
Interested parties please send full resume and expected salary to Human Resources Department by e-mail to hk_recruit@sunlife.com.
We are an equal opportunity employer and welcome applications from all qualified candidates. Application forms and resume will be kept for a period of 6 months after completion of the recruitment process. (All information will be held in strict confidence and only used for recruitment purpose.)
March 11, 2010
• Tags: Accounting & Finance careers in the Hong Kong SAR, Head of Risk and Inforce Management recruitment • Posted in: Financial