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Actuarial, Principal

Employer
AIA International Limited.
Location
Hong Kong, Hong Kong
Salary
Competitive
Closing date
Apr 26, 2024

View more

Job Function
Insurance
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.

It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you're not just safeguarding AIA's financial wellbeing. You're securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on.

About the Role

Provide actuarial supports to Associate Director on participating business management/ experience studies/ product pricing and development as well as special projects.

Roles and Responsibilities:

Participating Business Management
  • Support and lead a work group in participating business management, including dividend declaration and implementation, policyholders' reasonable expectation management, policyholders' enquiries or marketing/ channel support on participating business. (35%)
  • Ensure regulatory and internal compliance on participating business management (10%)
  • Provide support to other participating business initiatives including but not limited to principle of participating financial management and mechanism on dividend determination. (15%)
Experience Studies
  • Review experience studies/reports and propose the best estimate assumptions timely. Reports if any adverse trend and abnormality is observed. (5%)
Product Pricing and Development
  • Review new product pricing/ campaigns to meet the financial requirements of the company. Review the product features/ campaigns from product risk perspective. Reviews/Conducts profitability analysis of existing products. (10%)
  • Review and proposes amendments to product design and actuarial basis to be applied in new product pricing and profitability analysis. (10%)
  • Responsible for the actuarial related areas in the product implementation cycle to ensure accuracy and timeliness of system delivery. Responsible for meeting the timeline and schedule for product internal and regulatory approval process. (5%)
Other responsibilities
  • Represents Actuarial and provides required actuarial support to special projects including system enhancement and the implementation of new regulatory regimes.
  • Develops and trains up team members to gain relevant actuarial knowledge and techniques. Regularly reviews and discusses with managers about the progress of team members and identify improvement/development areas. (5%)
  • Performs other responsibilities and duties periodically assigned by manager in order to meet business or other requirements. (5%)
  • Support manager in co-ordination of task assignment and resources for the team.
Minimum Job Requirements:
  • University / College graduate with at least 6-8 years of proven experience.
  • Attained Fellowship in Actuarial professional examination
  • Proficient in MS Office and data analysis techniques, knowledge of actuarial software will be an advantage.
  • Experience in project and tasks / team management
  • Good command of written and spoken English
  • You are required to acquire relevant license if your job involves in regulated activities
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.

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