The Insurance Authority (IA) is an insurance regulator established under the Insurance Ordinance (Cap. 41). The principal function of IA is to regulate and supervise the insurance industry for the promotion of the general stability of the insurance industry and for the protection of existing and potential...

The Insurance Authority (IA) is an insurance regulator established under the Insurance Ordinance (Cap. 41). The principal function of IA is to regulate and supervise the insurance industry for the promotion of the general stability of the insurance industry and for the protection of existing and potential policy holders. IA took over the supervision of insurance intermediaries from the three Self-Regulatory Organizations in September 2019 and has become the sole regulator for granting licences and setting conduct requirements for the insurance intermediaries in Hong Kong.

IA now invites applications for the following position:

Manager (Actuarial)

Job level Middle
Work exp Minimum 5 Years
Education Bachelor Degree
Location
Southern District
Employment type Full Time
Benefits 5-day week, Dental plan, Insurance plan, Medical plan
Industry Government / Civil Services / Public Sector / Public Utilities
Job function Insurance > Actuarial
Published On 25/03/2020
ref. M-Act/PD/3/20

Reporting to the Senior Manager (Section Head), Policy and Development, the incumbent will assume the following:

Key Responsibilities

  • Participate in developing the new Risk-based Capital solvency regime
  • Conduct researches and make recommendations on various actuarial topics or issues, such as capital, ALM, product, investment, reinsurance, risk etc
  • Provide life actuarial technical support and/or peer review across teams and divisions

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    Support the development of legislation, rules and guidelines on insurance supervision
  • Participate in conducting inspection and investigation to ensure insurers' compliance with regulatory requirements
  • Liaise with industry and professional bodies on the actuarial topics relating to the regulation and development of the insurance industry
  • Perform other duties as assigned by senior management to facilitate the administration of the statutory functions of IA

Requirements

  • A Bachelor’s degree in actuarial science, statistics, accounting, finance, insurance or related disciplines
  • Qualified actuary (FSA, FIA, FIAA or equivalent). Member of ASHK is a plus
  • Minimum 5 years’ relevant experience in life actuarial practices. Experience in overseas solvency regime will be an advantage

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    Practical knowledge of ALM, investment, insurance products, regulatory requirements, industry practices and market dynamics will be highly valued
  • Professional, strong business acumen, open-minded, and able to work with a team in a collaborative environment

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    Strong command of written and spoken English. Chinese language ability is an advantage


Remuneration Package

A competitive remuneration package commensurate with the successful candidate’s experience and qualifications will be offered.

Application

Review of the applications will start as soon as possible and continue until 1 April 2020, or until the post is filled. Interested applicants may send a letter of application quoting the reference number in the heading, together with a full resume stating current and expected salaries and public examination results by clicking  

The Insurance Authority is an equal opportunities employer. Applicants not invited for an interview within 2 months from the closing date may assume their applications unsuccessful. Applications may be considered for other suitable positions within IA. All applications will be handled in strict confidence and the information collected will only be used for recruitment purposes. All information on non-shortlisted applicants will be destroyed after 6 months from the close of applications.