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

Roles & Responsibilities:

Participating Business Management

• Support and manage 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
• Ensure regulatory and internal compliance on participating business management
• Provide support to other participating business initiatives including but not limited to principle of participating financial management and mechanism on dividend determination

Experience Studies

• Review experience studies/reports and propose best estimate assumptions timely. Reports if any adverse trend and abnormality is observed

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
• Review and proposes amendments to product design and actuarial basis to be applied in new product pricing and profitability analysis
• 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

Others

• 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
• Performs other responsibilities and duties periodically assigned by manager in order to meet business or other requirements
• 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 relevant 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 obtain relevant license if your job involves in regulated activities

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