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SVP - Head of Actuarial Transformation, Model and Analytics from a Life Insurer (Thailand)

Main Purpose of Job Scope:
Oversee model governance/management, in-force management, actuarial transformation and
business support.

Role and Responsibilities:
1. Model Governance & Management
- Define, implement, and monitor good practice for Model Governance (including Local Model Committee & Model Governance Policy, Documentation).
- Oversee the efficient and effective operation of actuarial models (Prophet, ALS, DCS, GLM etc.) and infrastructure (Cloud usage, Machines etc.)
- Oversee the team in managing model change process, including new products, project developments and modifications.
- Centralize all actuarial model management and be single point of contact to local IT and external technical support teams for the local actuarial models.
- Lead the management and review of contractual terms, usage, cost, and budget for actuarial models.

2. In-Force Management
- Lead on actuarial analysis on in-force management initiatives and campaign to optimize financial outcome.
- Lead and manage persistency and retention analysis.
- Oversee annual par bonus supportability studies and declaration including sales illustration review and system UAT.
- Oversee review, enhancement and maintenance of fair and effective Par bonus management practice and principles.
- Oversee the declaration of Universal Life crediting rate.
- Responsible for the governance of Par Steering Committee.

3. Actuarial Transformation
- Lead/support actuarial transformation and reporting process improvement projects.
- Lead the adoption of ALS model for regular reporting, ALM and forecasting.
- Lead the adoption of GLM in experience study.
- Any other actuarial projects as needed.

4. Actuarial Business Support
- Act as a Finance business partner to sales channel (Agency, Banca, and Partnership) in reviewing the effectiveness of distribution campaigns and compensation strategy. 

5. Staff Supervision
- Supervise, delegate, coordinate and review the work in the team.
 
Qualifications:
- B.Sc or M.Sc in Actuarial studies / Statistics / Mathematics / Computer Sciences.
- Associate or close to qualification 
- At least 10 years life insurance working experience preferably in actuarial modeling, valuations or pricing.
- B.Sc or M.Sc in Actuarial studies / Statistics / Mathematics / Computer Sciences.
- Associate or close to qualification as Fellow of an Actuarial Society e.g. Society of Actuaries, Institute of Actuaries of Australia, Institute & Faculty of Actuaries
- A strong understanding of life insurance products and business.
- Experience with ALS and IFRS17 is a plus.
- A very good knowledge of Excel and Prophet is required, including coding skills.
- A good command of English, since it is the office language and high interaction with regional and at Group level, and external providers.