AVP, Group Actuarial

PURPOSE

• Implementation/Supervision of **actuarial practices and provide values added support to local business units
• Act as the leader among Group Actuarial on review and approval of wealth, saving and investment products to ensure ** Group’s pricing requirements are met.
• Advise BUs on the actuarial technical know-how, SAA formulation and influence BUs’ decision on pricing, product design, investment strategy and reinsurance strategy of wealth, saving and investment products.
• Lead the negotiation and provide Group review on any asset intensive reinsurance flow deal
• Drive the pricing metrics and pricing methodology review
• Lead one country manager

KEY ACCOUNTAIBILITIES

• Owner of Group Product Pricing Policy and Group Product Development and Pricing Guideline.
• Oversee and advise countries on day-to-day business process in areas of wealth, saving and investment products.
• Lead improvements to the overall process and bring new thinking to the function and team focusing on strategic initiatives
• Work closely with Group Product and be advisor from actuarial point of view on new wealth, saving and investment products and make respective decision across all markets
• Develop and draft pricing benchmark, pricing methodology and directions of ** based on market trends and local regulations
• Participate in countries' committee and to provide group guidance
• Provide group guidance to countries’ actuarial teams to perform analysis to facilitate management decisions
• Develop rapport with business unit management through leading regular communication of changes in business operations, emerging risks and potential issues, etc.
• Manage the development of the actuarial related policies and guidance
• Lead countries to determine reinsurance strategies & investment strategies on wealth, saving and investment products
• Review and improve the actuarial models adopted for pricing, valuation, reporting, reinsurance and compensation functions.
• Support and prepare relevant materials for the Group Board, ALMCO, Investment, Risk & Actuarial Committees, local Board and local key committees
• Support the development of business cases for new initiatives, e.g. M&A, new markets, channels development, partner acquisition, etc
• Manage and liaise communication with senior management independently.
• Provide training and guidance to countries
• Participate on special projects as assigned

QUALIFICATIONS / EXPERIENCE

• 10+ years insurance experience in pricing, actuarial and/or risk management functions
• Fellowship member of an internationally recognised actuarial professional body
• TEAM management experiences

KNOWLEDGE & TECHNICAL SKILLS

• Understanding of the interactions for insurance liabilities, capital, investment, product, EV, financial reporting, and risks
• Working knowledge of applicable laws, regulations, rules, codes of conduct
• Communication skills
• Modelling skills