Manager (GI Actuarial)

Insurance Authority; Hong Kong; On-site; HKD 600,000 - 800,000; Full time

Job summary

The Insurance Authority in Hong Kong is seeking a qualified actuary to lead actuarial topics, develop analytics for market monitoring, and collaborate across teams. Candidates should have a Bachelor's degree in a relevant field and 6 to 15 years of experience in GI actuarial practices.

Strong command of English is required, while Chinese is an advantage. This role involves supporting the development of regulations and conducting industry-wide reviews.

Qualifications

• 6 to 15 years of relevant experience in GI actuarial practices.
• Experience in reserving, underwriting, claims, and nat cat modelling valued.
• Knowledge of local regulatory requirements and market dynamics.

Responsibilities

• Lead subject matter expert topics and provide support across teams.
• Develop analytics and dashboards for market monitoring and supervision.
• Conduct industry-wide reviews and develop regulations.

Skills

Expertise in GI reserving

Risk management

Data analytics

Strong business acumen

Collaboration skills

Education

Bachelor’s degree in actuarial science, statistics, finance, insurance, computer science or related field

Qualified actuary

Job description

Reporting to Senior Manager (GI Actuarial, Policy and Legislation Division), the incumbent will undertake the following:

Key Responsibilities

• Lead subject matter expert topics, providing expert support across teams and divisions. Topics include GI reserving, catastrophe risk and other RBC regime related topics.
• Participate in the continued monitoring and review of the Risk-based Capital solvency regime
• Develop and build analytics and dashboards on the data collected under the new regime, for IA market monitoring and case supervision purpose.
• Keep abreast of the developments of insurance industry, conduct researches and conduct industry-wide reviews
• Provide expert support in developing legislation, rules and guidelines on insurance supervision
• Liaise with industry and professional bodies on actuarial topics relating to the regulation and development of the insurance industry
• Participate in IA’s information technology development projects
• Perform any other duties as assigned by senior management to facilitate the administration of the statutory functions of the IA

Requirements

• A Bachelor’s degree in actuarial science, statistics, finance, insurance, computer science or related field
• Qualified actuary with 6 to 15 years of relevant experience in GI actuarial practices
• Experience in reserving, underwriting, claims, risk management, data analytics and/or nat cat modelling will be valued
• Knowledge of the local regulatory requirements, actuarial practices, insurance products, industry practices and market dynamics of insurance business
• Professional, strong business acumen, open-minded, and able to work within and across teams in a collaborative environment
• Strong command of written and spoken English. Chinese language ability is an advantage

Application

Review of the applications will start as soon as possible and continue until the post is filled.