AVP - Head of Actuarial Inforce Management 

Main Purpose of the role :

Responsibilities Managing the Actuarial In-force Management team. Additional responsibilities involve actuarial special projects and analytics

Responsibilities :

Actuairal in-Force Management 

• Lead on actuarial analysis of in-force management initiatives and campaigns to optimize value creation.

• In-force campaigns budget steering.

• Lead and manage persistency and retention analysis, propose persistency initiatives and campaigns.

• Support the health teams in the analysis and understanding of claims and customers behavior.

• Lead financial reinsurance initiatives for capital management and balance sheet optimization purposes.

Par Fund Management

• Oversee the annual participating bonus supportability studies and declaration and system UAT.

• Annual review of the sales illustration for on shelf participating products.

• Support Pricing teams as needed on participating products bonus setting.

• Oversee, review, enhance and maintain fair and effective Par bonus management practice and principles.

• Maintain and enhance the Principles and Practices of Financial Management of **Participating fund.

• Oversee the declaration of Universal Life crediting rate.

• Responsible for the governance of Par Steering Committee.

• Ensure procedures and processes are adequately documented.

Other Project

• Any other special project to be implemented by the company needing actuarial support and guidance.

Staff Supervision

• Supervise, delegate, coordinate and review the work of team members

Qualifications 

• At least 8-10 years life insurance working experience

• Experience with Participating fund management

• Experience interacting with distribution and products teams and driving business initiatives.

• Good knowledge of Excel and Prophet (or similar) is required.

• A good command of English, since it is the office language.

• Preferably a Qualified actuary from a recognized international actuarial association.