Senior Manager, Group Actuarial

Key Responsibilities

As the Team Lead:

• Lead, coach, manage, and promote team’s performance, development and morale to ensure team members achieve their goals according to the expected performance standards.
• Manage the Shared Pool Resource and ensuring adequate resource allocation in work arrangement
• Involve in the hiring of good talents

As the Country Model Lead:

• Lead and manage the development and maintenance of the centralised Actuarial models for business units, and ensure quality and on-time delivery of work
• Demonstrate up-to-date expertise in Prophet modelling skill through consultation, advisory and guidance in the development, execution and improvement of modelling process
• Manage relationships and expectations of Group Office, business units and other key stakeholders by developing a communication process to deliver defined Prophet modelling services within the agreed scope and keep up-to-date modelling service progress
• Review the checking and regression test performed by the team and explain any model change impacts, and maintain model documentations for key stakeholders
• Resolve and where necessary, escalate and communicate unprecedented and complex modelling issues to Head of TIM Actuarial and business units on a timely manner
• Responsible to ensure the compliance with the Group Model Governance policy including the model documentation, modelling process and control as well as ensuring team’s understanding and application of the policy

As the SME & Model Reviewer of EV & IFRS Modelling:

• Oversee, guide and provide functional SME expertise for the development, delivery, quality assurance and maintenance of EV & IFRS Modelling in accordance with the FWD Group Actuarial standards and policy and applicable regulatory requirements
• Exercise judgment and business acumen to provide SME advice and guidance to modelling shared pool in selecting methods and techniques to deliver as well as support functional and technical modelling solutions and planned / ad-hoc project requests
• Provide technical and functional steer and advice on key functional domains as necessary to local BU team and function heads
• Review and provide quality assurance checks on model delivery and project work, pertaining to topics on EV & IFRS Modelling
• Exercise the functional SME expertise in leading the actuarial model review on EV & IFRS Modelling for Big 3 BUs: HK, TH, JP
• Steer and guide the modelling shared pool model reviewers and help to validate model review findings
• Provide objective feedback to the stakeholder of BUs on modelling review results, and outline potential gaps

4. Set project priorities for the team and oversee all projects deliverables including planning and managing the Shared Pool resources allocation to deliver the expected Actuarial services or resources on and projects basis including but not limited to developing and maintaining ALS model for asset and liability management, economic capital (EC), HKRBC reporting, IFRS17 and any other assignment from Group Actuarial

5. Oversee and manage Prophet Enterprise and related calculation engines on Cloud and maintain a clean and auditable production environment

Qualification & Requirements

• 8 to 10 years insurance experience in actuarial functions
• Fellowship or nearly fellowship member of an internationally recognised actuarial professional body

KNOWLEDGE & TECHNICAL SKILLS

• Strong Prophet modelling skills, knowledge on EV and IFRS modelling
• Strong understanding of valuation processes under USGAAP, statutory and traditional EV, knowledges on EC/RBC and IFRS17 are preferred

Benefits

• Family & Parenting
• Financial & Retirement
• Insurance, Health & Wellness
• Professional Support
• Other Perks and Benefits…