Director, Corporate Actuarial

Position Overview

• Assist Head of Valuation for Hong Kong and High Net Worth ("HK & HNW") Markets in providing leadership to the HK & HNW Valuation Team to achieve defined outcomes in a timely basis.
• Communication with executives at RGA along with maintaining excellent relationships with the US corporate as well as HK local teams.
• Development, maintenance and continued refinement/improvement of tools and processes for the team.
• Development and coaching of associates to improve team performance and align with corporate goals and values.

Responsibilities

• Primarily responsible for local reporting for HK & HNW Valuation team, including development of appropriate reporting bases and actuarial models to deliver results required for HKRBC, HK ORSA, HKIO and IFRS17 on a timely basis; support analysis and report and assist in explaining results to management.
• Work closely with global IFRS17 implementation team, to roll out centralized tools for IFRS17 in HK.
• Perform annual and/or quarterly statutory valuations and implement processes, procedures and controls in preparation for HKRBC or IFRS17.
• Monitoring and reporting of local solvency position for HKIO and HKRBC regimes, including development of processes to deliver more robust results on an ongoing basis.
• Participate in the review of experience studies and actuarial analysis to support assumption setting with due consideration on local reporting (HKRBC and IFRS17). This also includes the annual review of best estimate assumptions for actuarial valuations and business projections following any applicable corporate guidance.
• Support any process enhancement or automation into existing practice, as well as the coordination with the corporate/regional teams as needed.
• Participate in capital management related activities (e.g., retrocession), including any solvency assessments upon key business initiatives.
• Ensure accuracy and compliance of valuation results with applicable standards and best practice.
• Carry out duties with integrity and diligence, ensuring that professional standards are maintained, that reporting deadlines are met, that records are maintained and that actuarial processes are fit for purpose and meet internal and regulatory requirements.
• Assisting the Risk Management function in the assessing and reporting of risks.
• Developing and maintaining comprehensive documentation relating to the actuarial processes.
• Lead, develop and coach the associates working on assigned responsibilities, and contribute towards a positive and engaged work environment. Performs supervisory duties including, but not limited to, hiring, training, evaluating, coaching, and disciplining direct reports.
• Flexibility to guide and work with various associates within the team on different tasks and initiatives.
• Stay abreast of regulatory developments and assist Head of Valuation for HK & HNW Markets to advise local management of the implications and business opportunities.
• Supporting the Head of Valuation for HK & HNW Markets on other initiatives, as required.

Requirements

• Fully qualified Fellow with one of the recognized international actuarial associations (FSA, FIA, FFA, FIAA, etc.).
• At least 10 years' relevant experience.
• At least 4 years' people management experience.
• Familiarity with Hong Kong market and regulatory environment, including IFRS17.
• Knowledge of the Prophet or AXIS projection systems.
• Proven people leadership credentials with the ability to motivate, mentor and create a high performance team.
• Strong analytical, data management skills, positive work attitude with attention to detail and ability to manage multiple projects simultaneously.
• A high level of personal accountability and integrity.
• Excellent communication skills in English - both written and verbal.

Company Overview

Reinsurance Group of America, Incorporated (NYSE: RGA) is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. Founded in 1973, RGA celebrates its 50th anniversary in 2023. Over the past five decades, RGA has become one of the world's largest and most respected reinsurers and is guided by a fundamental purpose: to make financial protection accessible to all.

RGA has been named to Fortune magazine's 2023 list of the World's Most Admired Companies, an acknowledgement that reflects our legacy of innovation, dedicated client focus, community responsibility, commitment to diversity, and long-term value creation. RGA serves clients and partners in key markets around the world and has approximately $3.3 trillion of life reinsurance in force and assets of $82.7 billion as of September 30, 2022. To learn more about RGA and its businesses, visit www.rgare.com .