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Job ID: 34088
Job Openings by Title Associate Director
Location Hong Kong
Description:
Position:	Associate Director

Company:	Insurance

Location:	Hong Kong

Job ID:		34088

Responsibilities:

- Perform risk assessments on escalated new and non-standard insurance products, reinsurance arrangements and underwriting proposals.
- Assess escalated proposals for quality and completeness, providing timely and constructive feedback.
- For assigned business units, establish and maintain a close working relationship with both local and group stakeholders to facilitate timely risk advice during the product development process.
- For escalated issues, work with local risk officers to develop risk mitigation strategies which are practical and commercially sound, having regard to the specific detail of the product/ arrangement/ proposal and the overall new business portfolio risk.
- Identify the appropriate governance path for handling AAMP’s and any other insurance risk issues escalated by local teams. Proactively steer insurance and reinsurance AAMP’s through the required stakeholder and governance steps, with close follow-up to ensure timely turnaround by diverse stakeholders.
- Develop and/or review group standards, guidance notes, templates and other governance “tools” produced by Group Risk and/or Group Actuarial to support Product and Reinsurance processes in local teams.
- Compile, review and provide expert commentary on product and insurance risk metrics and watch lists, both at the individual product level and portfolio level, working to the standard of reliability and clarity which is required for submissions to the Group Financial Risk Committee.

Qualifications:

- Minimum 8 years’ actuarial experience in a life insurer/reinsurer, of which at least 4 years’ experience in a management role.
- Significant practical experience in the fields of life insurance/reinsurance product development and pricing.
- Fellowship in a recognized international actuarial professional body.
- Assertive, self-motivated and customer-orientated.
- Sound problem solving and decision-making skills.
- Strong leadership skills with the confidence to challenge consensus views.
- Good communications and interpersonal skills.
- Time management skills.
- Strategic planning skills.
- Computer literate in MS Office.



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