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For Companies At a Glance
- Tasks: Supervise major insurance groups and conduct risk assessments to ensure financial stability.
- Company: Join the Insurance Authority, a key player in Hong Kong's insurance regulation.
- Benefits: Competitive salary, career growth, and a supportive work environment.
- Why this job: Make a real impact on the insurance industry while developing your actuarial skills.
- Qualifications: Bachelor's in actuarial science and 6 years of relevant experience required.
- Other info: Dynamic role with opportunities for professional development and collaboration.
The predicted salary is between 36000 - 60000 £ per year.
Responsibilities
- Assist in the prudential supervision of major insurance groups, with focus on conducting reviews and group-wide risk assessments covering financial risks as part of the GWS supervisory framework.
- Perform actuarial analysis / assessment on assigned matters and provide actuarial advisory / support to the teams to facilitate decision making.
- Participate in the preparations for supervisory colleges and crisis management group meetings.
- Liaise with overseas insurance regulators and other financial regulators in performing group-wide supervision of major insurance groups.
- Perform other duties as assigned by senior management to facilitate the administration of the statutory functions of IA.
Requirements
- A Bachelor's degree in actuarial science, or related disciplines.
- Fellow actuary with minimum 6 years' relevant work experience (4 years of which were attained after becoming fellow) in risk and capital management, life actuarial practices.
- Working experiences with economic capital, HKRBC, ICS and/or other jurisdictions' capital regimes.
- Sound knowledge of insurance products, asset/ liability and capital management, industry practices and market dynamics relating to the group insurance business.
- Strong analytical, interpersonal and communication skills.
- A team player with the ability to work under pressure.
- Can-do attitude, self-starter and open to challenging tasks.
- Strong command of written and spoken English.
Appointment Terms
A competitive remuneration package commensurate with the successful candidate's experience and qualifications on a 24-month contract / permanent role will be offered, subject to work experience and interview performance.
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 current and expected salaries by clicking "Apply".
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 applications.
The Insurance Authority is the independent statutory body whose principal function is to regulate and supervise the Hong Kong insurance industry to promote its stable development and to protect existing and potential policy holders. We are looking for talents who share the same vision to join us!
Manager (Long Term Business – Group-wide Supervision) (Actuarial) in Aberdeen employer: Insurance Authority
Contact Detail:
Insurance Authority Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Manager (Long Term Business – Group-wide Supervision) (Actuarial) in Aberdeen
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and actuarial fields. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and soft skills. Practice common interview questions related to risk management and actuarial practices. We recommend doing mock interviews with friends or mentors to build your confidence.
✨Tip Number 3
Showcase your expertise! Create a portfolio that highlights your past projects and achievements in actuarial analysis and risk assessment. This will give you an edge during interviews and demonstrate your hands-on experience.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, keep an eye on our careers page for any new opportunities that match your skills and interests.
We think you need these skills to ace Manager (Long Term Business – Group-wide Supervision) (Actuarial) in Aberdeen
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your application to highlight how your experience aligns with the role. We want to see how your skills in actuarial science and risk management fit into our team!
Showcase Your Achievements: Don’t just list your responsibilities; share your successes! Use specific examples that demonstrate your analytical skills and how you've contributed to previous teams. We love a good success story!
Be Clear and Concise: Keep your application straightforward and to the point. We appreciate clarity, so make sure your writing is easy to read and free of jargon. Remember, less is often more!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Insurance Authority
✨Know Your Actuarial Stuff
Make sure you brush up on your actuarial knowledge, especially around risk and capital management. Be ready to discuss specific examples from your experience that demonstrate your expertise in economic capital and insurance products.
✨Showcase Your Analytical Skills
Prepare to highlight your analytical abilities during the interview. Think of scenarios where you've conducted reviews or assessments and be ready to explain your thought process and the outcomes of your analyses.
✨Communicate Clearly
Since strong communication skills are a must, practice articulating complex actuarial concepts in simple terms. This will not only show your understanding but also your ability to liaise effectively with regulators and team members.
✨Demonstrate Team Spirit
Be prepared to discuss how you've worked as part of a team under pressure. Share examples that illustrate your can-do attitude and how you’ve contributed to group success, especially in challenging situations.
