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 Lead the regulatory development with the objective to drive the regulators towards our direction through provide commentary in regulatory forms or letter for different regulatory proposals and consultations. It also requires closely work with other reporting teams to lead the impact study assessment and communication with different stakeholders, e.g. Macau RBC.
Support the appointed actuary to perform the statutory role mainly focus on the review / preparation of actuarial reports & board papers, governance and other actuarial initiatives.
The bases covered are mainly HKRBC, Macau statutory and GIECA. In scope entities incl. AIA HK, AIA Macau and AIA Everest.
Roles and Responsibilities: Regulatory development:
- Regulations, guidelines and consultation papers review. Provide commentary and counter-propose in regulatory forms or letter if necessary. Address regulators queries.
- Perform Macau RBC QIS on all 3 Pillars. Preparation of regulatory and management materials if any. Address regulators queries.
- Coordination among different stakeholders from different functions including but not limited to actuarial, finance, risk, investment and Group Office.
- Prepare regulatory reports / slides for different taskforce and committee meeting.
Appointed Actuary support:
- Review / Preparation of actuarial reports such as actuarial investigation reports, Group-wide supervision actuarial opinion report, ORSA SST report, etc.
- Coordinate with Group Office such as Actuarial, Finance and Company Secretary to review / prepare Board materials.
- Assumptions review to ensure the appropriateness for statutory reporting. Business implication may be taken into consideration.
- Statutory Methodology and Modelling review to ensure the appropriateness for statutory reporting. Business implication may be taken into consideration.
- Review our feedback to regulators queries on statutory filing.
- Other actuarial initiatives.
Job Requirements: - University / College graduate in Actuarial Science, Mathematics and Statistics, Business Administration or related subject with at least 10 years' experience in life insurance industry.
- Attained Fellowship in Actuarial professional examination
- Strong people management and analytical skills.
- Strong communication, presentation and project management skills.
- Ability to deal with and handle multiple priorities.
- Solid experience and knowledge in insurance product, corporate actuarial work, HKRBC basis reporting & regulatory filing, solvency & capital management. Knowledge in other statutory bases and economic capital is an asset.
- Proficiency in MS Office. Knowledge in Actuarial Software, e.g. Prophet is an advantage.
Others: - You are required to obtain 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.
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