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Regional Life Actuarial Senior Manager/ Manager role from a Life Insurer (Hong Kong/Singapore)

Job Responsibilities

- Support the Regional Chief Actuary in the process of life actuarial valuation, reporting and governance

- Assist in setting up APAC and BU Life reserving committee and IFRS 17 pre-close and close process, utilizing group actuarial and PPM tools and other software available

- Review IFRS reserve and intangibles (IACF/DAC) movement, assumptions, that impact balance sheet, BOP (Business Operating Profit) performance and analysis of the profit

- Assist Regional Chief Actuary in review of Embedded Value and Value of New Business, and any other actuarial metrics and reporting

- Perform actuarial valuation and report for BU and region as requested, incl. EV, NBV, Economic Capital, intangible impairment assessment, etc

- Work with Regional Chief Actuary to review operational and financial performance, analysis of trends, set up early warning systems, report on deviations for regional Life entities, etc

- Work closely with the Regional Finance team and Regional Chief Actuary on work associated with divestitures, mergers or acquisitions

- Provide assistance to the Regional Chief Actuary to ensure product approval processes and Regional Product Approval Committee meetings are appropriately undertaken, with a particular focus on key technical areas (e.g. pricing and assumption), financial metrics, and capital

 

Job Requirements

- Nearly qualified or newly qualified actuary from an internationally recognised body (e.g., FIA, FSA or FIAA) with about 10 years working experience in the actuarial field

- Familiar with IFRS 17 standard, methodology and technical details is the key, as primary focus of the role will be life reserving committee & related process

- Familiar with the life business reporting and product approval process of a multinational corporation

- Familiar with actuarial development areas such as Embedded Value, Risk Based Capital, Risk Based Return Metrics

- Strong knowledge of Life Actuarial principles and latest developments, (with a particular focus on IFRS 17 and life Insurance reserving, embedded value, strategic finance, solvency, product development, reinsurance)

- Work as part of a lean regional actuarial team and would ideally have an interest in expanding understanding to P&C as well as to help educate those on the team with a P&C background on their understanding of Life topics

- Experience with Prophet

- Experience with SQL, R, VBA or similar will be an advantage

- Good with English, understanding one of the Asian languages will be an advantage
- Candidate with less experience will be considered as Actuarial Manager