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Chief Actuary, Hang Seng Insurance

Hang Seng Bank Ltd

  • Company Industries:Financial Services

Job Information

  • Post Date:2019-01-17
  • Career Level:Top
  • Location:Not Specified
  • Yr(s) of Exp:15 years
  • Qualification:Degree
  • Salary:Salary provided
  • Employment Type:Full Time, Permanent
  • Job Function:Actuarial  

Job Description

Insurance

Hang Seng Bank was one of Hong Kong's bancassurance pioneers with insurance business footprint started since 1965. Over the years, Hang Seng Bank has been committed to serve its customers by providing full spectrum of insurance products including Life Insurance manufacturing, distribution of General Insurance and Medical products, and MPF business.

Insurance is a fast-growing business and is one of the key drivers of Hang Seng Bank. As a well-established insurance entity, we take care of every need of our customers with an optimized service excellence through the Bank’s retail and commercial network, with a dedicated team of professionals in place.

We are currently seeking a high caliber professional to join our department as Chief Actuary, Hang Seng Insurance.

  

Principal Responsibilities 

  • Assume overall responsibilities in the financial risk management of all business/product lines based on sound business and professional judgment, such as approving key financial assumptions used in product pricing and premium rates, signing off new products, deciding assumptions and methods used in determining the level of Reserves and Value of Business In force of the companies’ life insurance business.
  • Approve and sign off reinsurance treaties for the life companies. Responsible for setting reinsurance policy, making appropriate reinsurance arrangements and reporting to the Board
  • Set key economic and financial assumptions for the life business for the companies’ Annual Operating Plan
  • Provide input in respect of overall business strategy and work closely with Business Heads to maximize business opportunities and ensure Hang Seng Insurance business can meet the strategic aspirations of growing the insurance business of Hang Seng Bank as well as HSBC Group.
  • Key member of the Senior Management Team for Hang Seng Insurance and will be expected to actively participate in different committees and board meetings, including presenting specific recommendations in respect of valuations, dividend declarations andvarious risk mandates.

 

Requirements:

  • University Degree holder in Actuarial Science, or related disciplines with over 15 years relevant working experience.
  • Excellent communication skills with experience in preparing and/or conducting briefings and interfacing at all levels of management.
  • Project management experience, organizational skills and ability to think innovatively
  • Demonstrate initiative, autonomy and commitment to process improvements.
  • Ability to think strategically balanced with practical day-to-day execution.
  • Strong leadership with negotiation and problem solving skills.
  • Great sense of ownership and servicing mindset to ensure efficient and effective customer service processes

 

All information provided by applicants will be used only for recruitment purposes and will be used strictly in accordance with the Bank's personal data policies, a copy of which may be obtained by the applicant upon request. Unless otherwise instructed in writing by the applicant concerned, applicants may be considered for other suitable positions within the Bank and its related companies. The personal data of unsuccessful job applicants may be retained for a maximum of two years from the date when the job application is rejected and such data may be retained for a longer period if there is a subsisting reason that obliges the Bank to do so, after which the personal data will be destroyed.

Company Info

A Career with Hang Seng Bank

Hang Seng is committed to service excellence. Our people are our most important asset and play a vital role in our efforts to continually enhance our performance for customers and provide best-in-class products and services. We seek to attract high-calibre talent by offering a dynamic working environment, good career development opportunities and competitive compensation packages.

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