Reporting to the Executive Director, Policy and Development, the incumbent will assume the following:

Key Responsibilities

• Head and manage a team of regulatory / professional / actuarial staff
• Develop legislation, rules and guidelines on insurance supervision
• Develop the new RBC solvency regime
• Provide technical support for actuarial matters
• Perform prudential supervision of authorized insurers
• Carry out inspection and investigation to ensure insurers’ compliance with regulatory requirements
• Liaise with industry bodies and professional bodies on matters relating to the regulation and development of the insurance industry
• Co-ordinate with other local or overseas insurance/financial regulators on prudential supervision of insurers
• Perform other duties as assigned by senior management to facilitate the administration of the statutory functions of IA

Requirements

• A degree in actuarial or other appropriate fields including statistics, accounting, finance, banking, economics, law or business administration
• Qualified actuary (FSA, FIA or FIAA). Fellow membership of the Actuarial Society of Hong Kong is an advantage
• Minimum 5 years’ post-qualification experience
• Knowledge of the local regulatory requirements, insurance products, industry practices and market dynamics relating to insurance business.
• Preferably experience in a local or overseas insurance regulatory agency, and/or under RBC solvency regimes
• Strong analytical, leadership, interpersonal and communication skills
• Strong command of written and spoken English. Chinese language ability is an advantage

Remuneration Package

A competitive remuneration package commensurate with the successful candidates' experience and qualifications will be offered. 

Application

Review of the applications will start as soon as possible and continue until 13 March 2019, or until the post is filled. Interested applicants may send a letter of application quoting the reference number, together with a full resume stating current and expected salaries by clicking "Apply Now".

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 application.