Senior Manager, Economic Capital

At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.

It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on. 

About the Role

Complete the production of Economic Capital with local business unit review and Group consolidation. Further provide assistance in completing various Economic-Capital-related projects including expansion the use of GIECA across Group.

Roles and Responsibilities:

Economic Capital production [80%]

• Coordinate with various parties to set out Economic Capital production schedule
• Review, challenge and providing advice on Economic Capital for 2-3 business units and Group consolidated result
• Collaborate with local business units to analyze experience data, perform insurance risk calibration and support development of enhanced processes or methodologies when appropriate
• Be the subject matter expert of Economic Capital for various topics such as market risk, management action and time value of options and guarantee.
• Enhance the readiness of the Economic Capital analysis for business decisions, including more detail movement analysis and comparison between different basis
   

Economic Capital project [20%]

• Integration of Economic Capital into various tools and metrics, including pricing applications, capital forecasting tools, risk management reports, and risk-adjusted return metrics, etc.
• Support other ad-hoc actuarial analyses
• Accuracy and timeliness of all analyses and reports concerned
• Drive improvement in system and process to streamline reporting to facilitate faster and more frequent closing
• Support and develop team member

Minimum Job Requirements:

• Qualified or close to qualified actuary
• Solid experience and knowledge in insurance product, valuation and financial reporting. At least 8 years of relevant experience.
• Good leadership, project management and communication skill
• Good written and verbal English skill. Good written and verbal Chinese skill is an advantage
• Proficiency in MS Office
• Prophet modelling skill is a plus but not necessary
• Experience in Economic Scenario Generator (ESG) is a plus

Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.

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