Assistant Actuarial Manager - Product - Hang Seng Bank (HK)

Job description

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.

Assistant Actuarial Manager - Product

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 Assistant Actuarial Manager - Product .

Principal Responsibilities

· Product pricing including feasibility study on product development, modelling and assumption setting with justifications and recommendation, reinsurance negotiation, preparing/reviewing pricing documents with limitation logs and expert judgment logs and approval papers. Able to explain the issues and escalate whenever (s)he sees the need
· Conducting actuarial work in product development and pricing under both deterministic and market consistent framework.
· Reviewing reinsurance treaty and marketing materials with comments on appropriateness or correctness
· Complying with pricing guideline and Group and Global frameworks including Retail Banking and Wealth Management (RBWM) Functional Instruction Manual (FIM).
· Be able to provide suggestions to improve the pricing process.
· Provide ad hoc support with minimum guidance to other entities as required (e.g. Chief Actuary Office, Group Insurance, Business and etc.)
· Preparing management information reports and analysis (eg. annual profitability review, in-depth product review or analysis & etc.) with the ability to explain the results.
· Be able to coach junior staff on various projects.

Desired profile

Qualifications :

Requirements:

·  University Degree holder in Actuarial Science, or related disciplines
·  Preferably be a qualified actuary under one of the International recognized actuarial societies
·  In-depth knowledge of life and retirement industry and products
·  Excellent presentation and people skills, as well as proficient analytical skills
·  Ability to deal with multiple projects and competing priorities
·  Ability to work independently and meet tight deadlines without compromising quality
·  Strong problem solving skills and business sense
·  Fluent in English and Chinese
·  Great sense of ownership and servicing mindset to ensure efficient and effective customer service processes