Chief Actuary

SUMMARY

• Appointed chief actuary, with responsibility for China entity reserving and Pricing, including both internal and external reserving/pricing reports sign off.
• Ensure Healthy local Solvency position through RI, Capital management, UW portfolio optimization & Collateral etc
• Build close relationship with regional and local key stakeholders.
• Strong cross functional collaboration and provide construction advices to optimize LoB portfolio and business profitable growth
• Strong IFRS 17 Knowledge.

KEY TASKS & ACCOUNTABILITIES

• Monthly, quarterly and annual reserving responsibilities, reserving-related reports to regulators and Zurich Group (regional actuary).
• Pricing or reviewing the reasonableness of premium rate table, for the purpose of filing insurance products to regulators.
• Maintain the parameters of China local RBC/RBRM metrics analyze the quarterly RBRM results and provide business advices to management.
• Financial forecast and plan of loss related and collateral. Analyzing the trend or movements in loss ratios, and providing explanations to management accordingly.
• Liability cash flows analysis for the Group ALM management on quarterly basis.
• Providing technical analysis to support business decision such as claim trend and patterns, etc.
• Making any reserving or risk management related policies.
• Managing/monitoring/projecting China Solvency ratio under CROSS
• Responsible for preparing quarterly/annual CROSS solvency reports and other ad hoc reports
• Leading the pre close, hard close reserve committee meeting.
• Providing LoB Heads with business insights from reserve perspectives
• Active coordination with Claims on adequate Reserve set up/provision.
• Providing reserve support on new project/portfolio assessment.

QUALIFICATIONS/EXPERIENCE

• Qualified actuary
• Experience: 6-10 years of actuarial-related working experience in insurance/consulting/audit industry
• Language: Excellent English, both verbal and written
• Computer skills: Word and Excel, basic programming skills such as VBA, SAS, etc.

KNOWLEDGE

• Education background in Statistics, Maths, Finance, or others with technical skills.
• General accepted actuarial principle and Insurance finance/accounting concepts
• China local regulatory rules and basic knowledge of local P&C insurance market

IFRS 17 Knowledge

TECHNICAL SKILLS

• Management skills to fulfill a broad range of tasks and to manage fluctuating workloads
• Ability to manage and develop people while maintaining productivity of the team
• High levels of personal honesty and integrity coupled with first class professional skills
• Capabilities to build effective working relationship with managers and staffs both inside and outside actuarial
• Ability to work under pressure, dealing well with uncertainties
• Problem solving skills, proactively improving work quality and coordinating different resources
• Excellent communicate skills with executives, peers and subordinates