Assistant Vice President, Group Actuarial

About Fwd Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

Purpose

• Implementation/Supervision of FWD 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 FWD 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 FWD 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