Reporting to the Senior Manager (GI Actuarial, Policy and Development Division), the incumbent will undertake the following:

 Key Responsibilities

• Lead subject matter expert topics, providing expert support across teams and divisions. Topics include GI Reserving, Nat Cat Modelling and other RBC regime related topics.
• Participate in developing the Risk-based Capital solvency regime and the monitoring approaches or analytical indicators for supervisory focus
• Keep abreast of the developments of insurance industry, conduct researches and conduct industry-wide reviews
• Provide expert support in developing legislation, rules and guidelines on insurance supervision
• Liaise with industry and professional bodies on actuarial topics relating to the regulation and development of the insurance industry
• Participate in IA’s information technology development projects
• Perform any other duties as assigned by senior management to facilitate the administration of the statutory functions of the IA

 Requirements

• A Bachelor’s degree in actuarial science, statistics, finance, insurance, computer science or related field
• Qualified actuary with 6 to 15 years of relevant experience in GI actuarial practices
• Experience in reserving, underwriting, claims, risk management, data analytics and/or nat cat modelling will be valued 
• Knowledge of the local regulatory requirements, actuarial practices, insurance products, industry practices and market dynamics of insurance business
• 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 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 public examination and university academic results as well as 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 submission 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 submission of their applications.

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 now invites applications for the following position: