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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 licenses and setting conduct requirements for the insurance intermediaries in Hong Kong. IA now invites applications for the following position:
Manager (Actuarial)
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
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
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
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 20 July 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 to [email protected]
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.
