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Director - Product Actuary

  • Location: Hong Kong
  • Salary: Negotiable per annum
  • Job Type:Permanent

Posted about 1 month ago


Responsibilities:

  • Coordinate and support assumption reviews during product development and pricing initiatives with a focus on Asia business units
  • Review both valuation and pricing assumptions for the escalated products with a focus on avoiding future basis changes and generating sustainable earnings, provide independent analysis and recommendations to support group level approval decisions
  • Work with business units to ensure pricing and valuation assumptions are determined with the product features and their optionality in mind.
  • Share Inforce Management lessons learned with business units and develop training and communication strategies
  • Monitor products with significant growth or new product features such that assumptions can be set based on materiality and credibility
  • Support changes in underwriting such that protective value is understood, and consistent changes are being made to assumptions.
  • Work on ad-hoc review of emerging risks to support the Company pricing and valuation framework
  • Maintain and improve assumption oversight framework and review process
  • Support and design experience monitoring process to identify products at risk for escalation.
  • Educate business units on the purpose of Corporate Pricing Standard (CPS) and Corporate Valuation Standard (CVS) guidance and how to apply
  • Build strong working relationships with business units, segments, and other Group areas to effectively carry out responsibilities

Requirements:

  • FSA/FCIA designation, or equivalent
  • Background in pricing and/or valuation preferred
  • Strong business acumen with an aptitude for strategic, critical, and analytical thinking
  • Strong emotional intelligence to deal with sensitivity of information and seniority of audience
  • Ability to contribute as a thought leader to recommend and drive change
  • Strong relationship management skills and ability to work within and across departments
  • Understanding the needs of various stakeholders across the organization
  • Ability to manage multiple projects of varying priorities levels and scope


    *Interested parties please send your CV to jwong@argyllscott.com.hk

Argyll Scott Asia is acting as an Employment Agency in relation to this vacancy.