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

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

QUALIFICATIONS/EXPERIENCE

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

KNOWLEDGE:

1. Education background in Statistics, Maths, Finance, or others with technical skills.
2. General accepted actuarial principle and Insurance finance/accounting concepts
3. China local regulatory rules and basic knowledge of local P&C insurance market
4. IFRS 17 Knowledge

TECHNICAL SKILLS

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