Head of Actuarial
AIA
Auckland City, AUK
6d ago
source : ExploreJobs

At AIA, our vision is to help people live healthier, longer, better lives by encouraging them to make positive lifestyle changes one step at a time.

Our firm belief is that by following our Operating Philosophy of doing the right thing, in the right way with the right people, the results will come.

AIA Insurance for Life, Health and Wellbeing.The Opportunity at AIA.This is a key leadership role for an experienced and qualified Actuary reporting into our CFO and will lead teams that are responsible for actuarial financial reporting, experience investigations and actuarial modelling.

You’ll be an ambassador for the team is an effective communicator who enjoys driving results by collaborating and engaging with key stakeholders.

You’ll be responsible for : Actuarial components of published accounts and statutory returns and commercial actuarial matters.

Risk Management.Develop and maintain the Prophet Model and system.Contribute to financials / management reporting, drive world class insights and deliver driver based forecasting and business planning.

Carry out regular analysis of experience and assess underlying assumptions within the insurance models.Set assumptions and reserves in accordance with actuarial professional standards.

Contribute to AIA’s reinsurance strategy, accounting, reporting and monitoring.Provide product data and calculations to internal and external customers.

Review profitability and recommend initiatives for improvement across AIA’s Life and health insurance products.Preparation of Bonus and Strategic Asset Allocation recommendations.

Work with the CFO and Appointed Actuary to optimize capital.Work with the Appointed Actuary and respond to requests (Including directing team to respond to requests) in an accurate and timely manner to enable the Appointed Actuary to efficiently and effectively fulfil their duties as required by legislation, regulation and professional standards.

Contribute to development and implementation of AIA’s investment strategy and strategic asset allocation, provide investment reporting and assist in rebalancing of investment assets.

Manage / co-ordinate AIA’s Financial Risk CommitteeLeadership of TeamMentor and lead a team of Actuaries and provide effective coaching and role modelling to develop key capabilities and conducive behaviours within the teams.

Retain key staff for the business by providing reward and recognition programs.Strategy & PlanningExperience in successful strategizing and operating in financial services, inclusive of regulatory frameworks, and of developing and contributing to strategies which would deliver measurable improvements for AIA.

Collaborate with the Strategy team to drive and optimize financial results and contribute to the Strategic planning process.

Regulatory and ReportingReporting to the Chief Financial Officer, Chief Executive Officer and Board as required on key developments and actuarial initiatives.

Execute key re-engineering initiatives, by articulating strategy, brief, budget allocation and resources, with a focus on client demands and outcomes.

Ensure compliance with regulatory regimes and adhere to the no surprises’ rule by alerting the Chief Financial Officer immediately to any significant or potential risk or breaches to regulatory requirements or AIA business standards and take remedial action.

Remain abreast of regulatory trends and changes and ensure the company anticipates and navigates changes successfully.Oversee compliance requirements for the teams and ensure adherence.

Prepare reports & submissions for CFO, CEO, Board and other stakeholders as required.Stakeholders & AdviceProvide recommendations on most effective and efficient actuarial programs via formal / informal presentation to key stakeholders.

Deliver white papers, budget, resource allocation and capture other key information on actuarial initiatives for AIA.Provide expert advice and recommendations to key stakeholders to facilitate understanding of robust decision making.

Harness opportunities to maintain positive and construction relationships with all departments such as finance, marketing, legal and any other external stakeholders.

About you : Previous leadership experience as an Actuary (10-15 years+) within financial services, insurance, or a related business.

Ability to understand regulatory framework within insurance, finance or related businesses.Demonstrated ability to consistently develop & revise ratemaking and pricing initiatives for insurance products.

Effective and engaging leadership skills with a focus towards process improvement / reengineering emphasis.Excellent stakeholder management expertise.

Agile and conceptual thinker, with a desire to develop a commercial actuarial team.Customer centricity and commercial approach.

Excellent numerical reasoning skills coupled with strong oral and analytical ability necessary for strategic decision making.

Commercially astute and be results oriented.Excellent oral and written communication skills combined with strong financial / actuarial modelling techniques.

Healthier, Longer, Better LivesAt AIA, wellbeing is at our core. We understand that healthy employees are happy employees.

That’s why we have a culture of care that promotes wellbeing and flexibility, recharge days, flexible work arrangements and an AIA Vitality membership.

We focus on career development, people development and leadership capability, so that you’ll be nurtured and have every opportunity to reach your full potential.

We recognise your efforts and hard work because we understand that everyone in our AIA family is important. When people feel valued, they become more productive and satisfied, and we want you to feel inspired every day.

We are an equal opportunity employer that embraces and values diversity and inclusion in our workforce. We believe that for people to be their best selves at work, they must feel they can be themselves.

We celebrate both our differences and similarities including how we dress, and we trust our employees to dress appropriately and comfortably for their day.

You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application.

You are responsible for ensuring that the information you submit is accurate and up-to-date.

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