Portfolio Monitoring, Senior Actuary

Our Client, one of the world's leading providers of reinsurance & insurance is seeking a person skilled and experienced in portfolio monitoring and market insights to join their dynamic team . The successful candidate will be responsible for generating insights and connect the business to proactively steer the business in delivering sustainable revenues.

Job Summary:

• This role focuses on effective portfolio management, specifically within the China market, encompassing activities from risk identification to initiative implementation and financial monitoring.
• Responsibilities include supporting and driving initiatives to maximize portfolio value, managing experience monitoring, and assisting with inforce referrals and transactions.

Key Responsibilities:

• Actively participate in team efforts to ensure high-quality deliverables and collaborate with Market Units, internal partners, and clients for effective portfolio management.
• Support initiatives by providing portfolio insights and steering management actions to achieve sustainable profit.
• Risk Identification and Monitoring: Identify and monitor key portfolio risks, rate review triggers, and financial KPIs, ensuring timely actions are taken.
• Early Warning Systems: Identify early warning signals and manage portfolio risks proactively to protect inforce value and sustainability.
• Facilitate Feedback Loops: Ensure effective information flow and alignment across relevant cross-functional teams.
• Driving portfolio initiatives for the China market:
  • Portfolio Deep Dives: Conduct in-depth reviews of treaty profitability and propose performance improvement actions.
  • Repricing and Technical Reviews: Reprice reviewable rate treaties and/or provide technical peer reviews.
  • Quantitative Analysis: Complete quantitative experience analysis and valuation for recaptures or non-contractual changes in the inforce.
  • KPI Achievement: Drive initiatives to deliver on key financial KPIs and inforce solutions.

• Analysis Production:Manage the production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other areas.
• Business Steering Input:Provide key input for business steering and in-force management by communicating monitoring experience, lessons learned, and reserving implications to key stakeholders.
• Rate Review Trigger Monitoring:Monitor treaty rate review triggers or internal KPIs to ensure timely action.
• Referral Support: Support team leadership in providing referral review and approval on client treaty recapture and re-pricing activities requiring approval.

Qualifications & Skills:

• Partial qualified or qualified actuary with a recognized Actuarial body.
• Minimum 5 years or more in insurance valuation or pricing experience in reinsurance or primary insurance.
• Good technical knowledge in liability portfolio management, including experience analysis, product pricing and valuation, and financial performance analysis.
• Working knowledge of IFRS 17 financial reporting and embedded valuation method.
• Strong analytical skills, good understanding of financial reporting systems, actuarial models, and data management.
• Experience in regular experience monitoring, identifying and investigating variance in experience and its root causes.
• Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered in the market.
  
• Proficiency in both English and Chinese