Manager (Long Term Business) (Actuarial) (3-year Contract)

Insurance Authority; Hong Kong; On-site; HKD 900,000 - 1,100,000; Full time

Job summary

The Insurance Authority invites applications for the role reporting to Senior Manager (Long Term Business). The incumbent will supervise the team, perform prudential supervision of authorized life insurers through financial risk monitoring, and provide actuarial advisory support to facilitate decision making.

The successful candidate will possess a Fellow actuary with 6+ years' experience, strong regulatory knowledge, and fluency in English and Chinese.

Qualifications

• Bachelor’s degree in actuarial science or related discipline.
• Fellow actuary with at least 6 years of relevant experience in risk and capital management, life actuarial practice, or regulatory fields.
• Strong knowledge of regulatory requirements and supervisory standards in life insurance.
• Excellent analytical, interpersonal and communication skills.
• Team player with ability to work under pressure and a can-do attitude.
• 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 through financial risk monitoring.
• Perform actuarial analysis/assessment and provide advisory support to facilitate decisions.
• Monitor insurers’ compliance with regulatory requirements under a risk-based regime.
• Liaise with industry bodies on regulation and development of the life insurance sector.
• Perform other duties as assigned to support statutory functions.

Skills

Risk management

Capital management

Actuarial analysis

Regulatory understanding

English & Chinese proficiency

Education

Bachelor's degree in actuarial science

Fellow actuary

Job description

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

Remuneration Package

A competitive remuneration package commensurate with the successful candidate’s experience on a 3-year contract will be offered.

Application

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