Appointed Actuary (Expat)

Location Hanoi, Vietnam
Category Others
Job reference 10341
Job type Permanent
Consultant email
Consultant contact no
Date posted Oct 26, 2020

Job Duties

  • Fulfill the regulatory requirements of Appointed Actuary and oversea the Actuarial Department, including

  • Ensure the accuracy and timely reports to the Ministry of Finance on the reserves, solvency, financial and business condition of the Company.

  • Regular reports to the Board on the financial condition of the company.

  • Regular reports to the Finance & Actuarial Division of Parent Company on the pricing & valuation related requirements. Prepare actuarial related information for the monthly MIS Report.

  • Oversee p ricing and product development functions, including new product development, regulatory filing, and product implementation. Ensure that marketability and profitability of the products and support the business development of the company. Prepare the Product Approval Report to be approved by the Parent company prior to file to the Ministry of Finance.

  • Oversee valuation functions, including calculation of technical reserves, solvency capital, and experience study.

  • Support CEO in product strategy and business planning

  • Collaborate with Investment Dept. in ALM management and investment strategy

  • Cooperate with Finance Department in budgeting and regular financial reporting

  • Recommend the crediting rates for the interest sensitive products and universal life products. Propose the dividends to be distributed to policyholders for participating products.

  • Monitor and analyze the cost of compensation for distribution channels.

  • Assess reinsurance program and reinsurance agreements before submit them to General Director (Director), Board of Directors (Board of members, President) for approval

  • Support CEO in the development of corporate sales channel and other ad hoc projects

Qualifications & Requirements:

  • Have been trained and carried out actuarial works for least 10 years in the sector of life insurance and health insurance and have been a fellow of one of internationally recognized societies of actuaries such as: Society of actuaries in United Kingdom, Society of actuaries in the US, Society of actuaries in Australia, Society of actuaries in Canada or a Society of actuaries, which is an official member of an international Society of actuaries; otherwise, have carried out actuarial works for at least 05 years in the sector of life insurance and health insurance upon their fellowship in one of such societies

  • Have not  not violated actuaries' occupational ethics;

  • Reside in in Vietnam during the term of office;

  • Ability to manage a team of highly skilled professionals and communicate effectively across all levels

  • Ability to develop and implement appropriate strategy that delivers values to the company.