Manager (Long Term Business) (Actuarial) (2-year Contract)

Insurance Authority; Aberdeen City; On-site; GBP 60,000 - 80,000; Full time

Job summary

A regulatory body in the insurance sector is seeking a qualified professional to supervise and manage team members, perform actuarial analysis, and ensure compliance with regulatory standards. Candidates must have a Bachelor's degree in actuarial science and at least 6 years of relevant experience. Strong analytical, interpersonal, and communication skills, along with proficiency in English and Chinese, are essential. This is a full-time, 2-year contract position.

Qualifications

• Fellow actuary with minimum 6 years' relevant work experience.
• Sound knowledge of regulatory requirements and supervisory standards.
• Strong command of written and spoken English and Chinese.

Responsibilities

• Supervise and manage Assistant Manager(s) and other team members.
• Perform prudential supervision of authorized life insurers.
• Provide actuarial advisory/support to facilitate decision making.

Skills

Analytical skills

Interpersonal skills

Communication skills

Team player

Ability to work under pressure

Education

Bachelor’s degree in actuarial science or related disciplines

Job description

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Reporting to Senior Manager (Long Term Business), the incumbent will undertake the following:

Key Responsibilities

Supervise and manage Assistant Manager(s) and other relevant team member(s)

Perform prudential supervision of authorized life insurers through financial risk monitoring

Perform actuarial analysis/assessment on assigned matters, and provide actuarial advisory/support to the teams to facilitate decision making

Monitor life insurers’ compliance with regulatory requirements under a risk-based capital regime

Liaise with industry and professional bodies on matters relating to the regulation and development of the life insurance industry

Perform other duties as assigned by senior management to facilitate the administration of the statutory functions of IA

Requirements

A Bachelor’s degree in actuarial science or related disciplines

Fellow actuary with minimum 6 years' relevant work experience (4 years of which were attained after becoming fellow) in risk and capital management, life actuarial practice, or regulatory fields

Sound knowledge of regulatory requirements and supervisory standards, insurance products, asset/ liability and capital management, industry practices and market dynamics relating to the insurance business

Strong analytical, interpersonal and communication skills

A team player with the ability to work under pressure

Can-do attitude, self-starter and open to challenging tasks

Strong command of written and spoken English and Chinese

Appointment Terms

A competitive remuneration package commensurate with the successful candidate’s experience on a 2-year contract will be offered.

Application

Review of the applications will start as soon as possible and continue until the post is filled. Interested applicants may send a letter of application quoting the reference number in the heading, together with a full resume stating current and expected salariesby clicking "Apply".

The Insurance Authority is an equal opportunities employer. Applicants not invited for an interview within 2 months from the closing date may assume their applications unsuccessful. Applications may be considered for other suitable positions within IA. All applications will be handled in strict confidence and the information collected will only be used for recruitment purposes. All information on non-shortlisted applicants will be destroyed after 6 months from the close of applications.

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The Insurance Authority (IA) is the independent statutory body whose principal function is to regulate and supervise the Hong Kong insurance industry to promote its stable development and to protect existing and potential policy holders.

We are looking for talents who share the same vision to join us!

The Insurance Authority (IA) is the independent statutory body whose principal function is to regulate and supervise the Hong Kong insurance industry to promote its stable development and to protect existing and potential policy holders.

We are looking for talents who share the same vision to join us!

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