Senior Manager, Economic Capital

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

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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