We are seeking a highly motivated and detail-oriented professional to join our actuarial team as an Assistant Manager or Manager within the Product Risk function. This is an excellent opportunity for individuals with strong technical expertise, a background in pricing, and a solid understanding of risk management principles applied within the life insurance sector.
The successful applicant will play a key role in assessing and controlling product-related risks across the organisation. You will collaborate with various departments to ensure that product development and pricing align with the company’s risk appetite and regulatory expectations. The role also involves the development and enhancement of product risk frameworks, as well as driving best practices in actuarial risk management processes.
Key Responsibilities:
- Conduct independent assessment of product proposals, including profitability, financial impact, and risk-return trade-offs.
- Support pricing and product development teams in reviewing pricing assumptions, methodologies, and sensitivities to ensure sound pricing discipline.
- Develop, enhance, and maintain the product risk management framework, policies, and tools.
- Provide regular reporting and risk analysis to senior management and relevant stakeholders.
- Monitor market trends and regulatory developments affecting product design and pricing strategies.
- Collaborate with enterprise risk management, finance, and compliance teams to ensure risks are appropriately identified, assessed, and mitigated.
Requirements:
- Qualified actuary or nearing Fellowship (FSA or equivalent); candidates close to qualification will also be considered.
- Minimum 5 years of experience in the life insurance or actuarial consultancy industry, with a focus on pricing, product development, or risk management.
- Strong knowledge of actuarial pricing techniques, modelling, and valuation principles.
- Proven experience in product risk evaluation and implementation of actuarial risk controls.
- Excellent analytical, communication, and interpersonal skills.
- Proficiency in actuarial software (e.g., Prophet) and Microsoft Office suite is desirable.
- Ability to work independently and manage multiple projects under tight deadlines.
This position offers a monthly salary in the range of HKD 65,000 – 80,000, commensurate with experience and qualifications. The role is based in Hong Kong Island, Hong Kong.
If you are a driven actuarial professional with a strong pricing background and a keen interest in managing product risk, we encourage you to apply to join our growing team.
