Manager (Long Term Business – Group-wide Supervision) (Actuarial)

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

Job summary

A regulatory body in the UK is seeking a Manager (Long Term Business – Group-wide Supervision) with expertise in actuarial science and risk management. Responsibilities include supervising major insurance groups and conducting actuarial analyses. Ideal candidates have a Bachelor’s degree in a related field and at least 6 years of relevant experience. A competitive remuneration package will be offered based on experience and qualifications.

Qualifications

• Minimum 6 years’ relevant work experience in risk and capital management.
• Sound knowledge of insurance products and capital management.
• Strong command of written and spoken English.

Responsibilities

• Assist in the prudential supervision of major insurance groups.
• Perform actuarial analysis and provide advisory support.
• Liaise with overseas insurance regulators.

Skills

Strong analytical skills

Interpersonal skills

Communication skills

Team player

Can-do attitude

Education

Bachelor’s degree in actuarial science or related disciplines

Fellow actuary

Job description

Manager (Long Term Business – Group-wide Supervision) (Actuarial)

Responsibilities

• Assist in the prudential supervision of major insurance groups, with focus on conducting reviews and group-wide risk assessments covering financial risks as part of the GWS supervisory framework
• Perform actuarial analysis / assessment on assigned matters and provide actuarial advisory / support to the teams to facilitate decision making
• Participate in the preparations for supervisory colleges and crisis management group meetings
• Liaise with overseas insurance regulators and other financial regulators in performing group-wide supervision of major insurance groups
• 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 practices
• Working experiences with economic capital, HKRBC, ICS and/or other jurisdictions’ capital regimes
• Sound knowledge of insurance products, asset/ liability and capital management, industry practices and market dynamics relating to the group 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

Appointment Terms

A competitive remuneration package commensurate with the successful candidate’s experience and qualifications on a 24-month contract / permanent role will be offered, subject to work experience and interview performance.

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 salaries by 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.

The Insurance Authority 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!