Job Listing

Job Scope
Model Governance
- Define, implement & monitor good practice for Model Governance (including Local Model Committee & Model Governance Policy, Documentation).
- Manage model change process, including new products, project developments & modifications.
- Centralize all Model management and be single point of contact for the local actuarial models.
Model Development
- Prioritize (item, timing, resourcing needed etc…) model developments & operational changes
- Manage the delivery of model developments & operational changes.
- Ensure efficiency and effectiveness of model developments & operational changes (e.g. via proper UAT, peer reviews & control checks on Pricing to Valuation modeling).
- Manage Global Business Services involvement, including costs & budgets.
Model Operation
- Ensure actuarial models (in particular CAMP) are operating efficiently and effectively.
- Manage actuarial model infrastructure (e.g. Cloud usage, Machines etc…).
- Provide Technical support to users by liaising with Global Business Services and other parties (e.g. FIS, local IT etc…).
- Ensure that actuarial model users are suitably trained to accurately use actuarial models.
Participating Fund & Discretionary Bonus Management
- Lead annual par bonus supportability studies and declaration.
- Lead review, enhancement and maintenance of fair and effective Par bonus management practice and principles including initiatives to stabilize and enhance discretionary bonus supportability.
- Lead and perform annual review on the appropriateness of bonus level projected in sales illustration for products with non-discretionary bonus.
- Review the appropriateness and completeness of disclosure used in sales material for products with non-discretionary bonus.
- Collaborate with Pricing team on devising the bonus mechanism and strategy for new Par products.
- Support to review the accuracy and appropriateness of bonus philosophy used in the Par Checklist prepared by Pricing team for OIC product submission.
- Lead the declaration of Universal Life crediting rate.
- Lead the deliverables preparation for Par Steering Committee.
Actuarial Optimization
- Lead the adoption of ALS model for regular reporting, ALM and forecasting.
- Collaborate with stakeholders to identify model optimization opportunities to improve the Company’s CSM, earnings, capital and cash generation position and efficiency.
- Lead/support other optimization initiatives as assigned by Chief Actuary and Chief Financial Officer.
Projects
- Any other special project to be implemented by the Company needing actuarial support and
guidance.
Team Management
- Supervise, delegate, coordinate and review the work in special project team
- Mentor team member

Qualifications
- Qualified Actuary from a recognized Actuarial examination body
- At least 8 years of Actuarial experience
- Excellent communication skills, both written and spoken
- Solid technical, analytical and problem solving skills
- Ability to develop cohesive working relationships with internal and external stakeholders
- Prophet ALS skills is essential
- Team managing experience is essential