Associate Director, ALM Modelling Solutions and Initiatives

aia; Hong Kong; On-site; HKD 1,000,000 - 2,200,000; Full time

Job summary

AIA is seeking a senior actuary with extensive life insurance experience to govern and execute actuarial system changes across IFRS17, EV reporting, Economic Capital and budgeting for all BUs. You will align model risk policies and support governance committees while coordinating with IT and business units.

The role requires strong data and analytics skills, excellent communication, and proven leadership in complex projects within a global insurer.

Qualifications

• Minimum 12 years of experience in life insurance industry.
• 8 years of management experience.
• Qualified actuary or equivalent.
• Proficient in Prophet, Excel, Alteryx, Python, Power BI or PowerPoint.

Responsibilities

• Govern, manage and execute the actuarial system change.
• Align the actuarial model risk policy to enhance governance.
• Support model governance with stakeholders to prioritize changes.
• Manage the model production and resolve production issues.
• Work with IT to ensure smooth production and data integrity.
• Train up Prophet experts in LBU and support training programs.

Skills

Prophet

Excel

Alteryx

Python

Power BI

PowerPoint

Data governance

Communication

Project management

People management

Education

Actuary qualification

Tools

Prophet

Job description

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

As pioneering innovators for over 100 years, we’re now transforming our organisation to be faster, simpler and more connected. Because we want to be even better equipped to develop digital solutions and experiences that help more people live Healthier, Longer, Better Lives.

To get there, we need people with tech/digital/analytics expertise and passion to help develop positive, sustainable change through digitally enhanced experiences that will impact the lives of millions of people and create a healthier future for everyone.

If you believe in developing a better tomorrow, read on.

About the Role

Govern, manage and execute the actuarial system change for IFRS17, EV reporting, Economic Capital, GIECA, Pricing function, Stressed capital calculation and Budgeting function for all BUs in AIA.

Roles and Responsibilities

• Work with stakeholders to come up with a solution to meet stakeholders’ need in respect of data, technology, process, finance, actuarial or modeling areas.
• Govern, manage and execute the actuarial system change
• Align the actuarial model risk policy to enhance the governance of the actuarial model
• Support actuarial model governance committee with all stakeholders to prioritize the model change request and execute the model change.
• Manage the model production
• Work with ASSC, LBU and IT to manage all production issues.
• Train up prophet experts in LBU
• Support the training program to train up prophet experts in LBU

Minimum Job Requirements

• Minimum 12-year experience in life insurance industry and 8 years of management experience
• Qualified actuary or equivalent
• Processes advance skills on Prophet, Excel, Alteryx, Python, Power BI or Power Point
• Strong problem solving, reporting, communication, project management and people management skill
• Good command of written and spoken English

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.