The Hong Kong Corporate Actuarial acts as financial management hub, providing professional advices and services to senior management in the state-of-the-art actuarial areas across IFRS17 valuation reporting and analysis, Hong Kong RBC capital valuation and management, business planning and forecasting, participating business and reinsurance management, as well as statutory financial reporting duties to the regulators.
Reporting to the Hong Kong Chief Actuary, this role is heading the participating business (‘Par’) management, accountable for leading the company’s Par policyholder dividend recommendation, Par fund guideline compliance, and other related reporting such as fulfilment ratio disclosure. This role will also support chief actuary in Par valuation and product review, and support business financial planning processes. He or she will also be a member of the senior actuary leadership team.
Position Responsibilities:
Lead participating (‘Par’) policyholder dividend recommendation processes, formulate proposal to chief actuary, and facilitate stakeholders’ review including Canada group office.
Ensure compliance to regulatory requirements such as Hong Kong GL16 , relevant guidelines in Macau and Canada, as well as other internal Par policies. This also includes the par fund management guideline lately developed by Hong Kong Insurance Authority (‘IA’) GL34.
Support appointed actuary to run newly set up par business committee meeting.
Manage the team members to deliver the abovementioned end-to-end processes including production of underlying actuarial calculations, Par governance policy regular review, dividend report to group office and the company’s board of directors, fulfilment ratio reporting, and coordinate the dividend scale implementation in system.
Provide advice to chief actuary in specialized topics on Par valuation and product.
Lead other department priorities such as business financial planning.
Provide leadership and coaching to junior actuaries in the team.
Champion reporting processes improvement and efficiency.
Required Qualifications:
University Degree holder
Professional actuarial qualifications.
At minimum 12 years’ experience in insurance relevant industry
Solid actuarial knowledge and experience in par valuation and dividend management
Strong technical, analytical and problem-solving skills
Strong communication, presentation and influencing skills
Team leader who good at coaching and inspiring people
Effective command of English, both spoken and written
Experience in Hong Kong market par fund management an asset, yet not a must
Experience in AXIS actuarial modeling an asset, yet not a must
When you join our team:
We’ll empower you to learn and grow the career you want.
We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
As part of our global team, we’ll support you in shaping the future you want to see.
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.
Manulife is an Equal Opportunity Employer
At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact hr@manulife.com.
Working Arrangement