Participating Fund Management, Senior Principal (Associate Director Level)

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on. 

About the Role

Support Appointed Actuary / Director / Associate Director to manage the participating and universal life business including regulatory compliance, policyholder reasonable expectation and fairness.

Roles and Responsibilities:

Participating /Universal Life Business Management

• Support senior management for these matters including regulatory compliance, policyholder reasonable expectation and fairness
• Ensure the regulatory and internal compliance, e.g. GL16, GL34 and corporate policies, and the operation of participating business committees and internal policyholder dividend committees (20%)
• Manage the team to complete policyholder dividend declaration and fulfillment ratio, and the related marketing and channels communications and enquiries (40%)
• Support senior management to review the related initiatives such as the asset and liability strategy, new participating product design, the principle of participating business financial management and the mechanism on dividend determination, and including the operational arrangements (20%)

Other responsibilities

• Represents Appointed Actuarial Office and provides required actuarial support to special projects including implementation of new regulatory regimes. (10%)
• Manages, develops and trains up team members to gain relevant actuarial knowledge and techniques. Regularly reviews and discusses with managers about the progress of team members and identify improvement/development areas. (5%)
• Performs other responsibilities and duties periodically assigned by manager in order to meet business or other requirements. (5%)
• Coordinate the task assignment and resources for the team.

Minimum Job Requirements:

• University / College graduate with at least 10 years of relevant experience
• Attained Fellowship in Actuarial professional examination
• Knowledge of participating business
• Proficient in MS Office and data analysis techniques and knowledge of actuarial software
• Experience in project and team management
• Good command of written and spoken English and Chinese

Others:

• You are required to obtain relevant license if your job involves in regulated activities

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.