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µî·ÏÀÏ 2022-10-11 ¸¶°¨

 

JobTitle:                     AppointedActuary

Reportsto:                  HeadofValuationKorea

Matrixreporting:         HeadofOperationsofRGAReinsuranceCompanyKorea Branch

DirectReports:            Valuationteam

KeyRelationships:

¡×  KoreaCEO

¡×  KoreaHeadofOperations

¡×  KoreaHeadofValuation

¡×  KoreaHeadofPricing,

¡×  KoreaHeadofAdministration

¡×  KoreaFinance&AccountingManager,

¡×  KoreaBusinessDevelopment,

¡×  RegionalCFO

 

 

OverallResponsibilities:

 

¡¤        ProvideleadershiptotheKoreaValuationTeamtoachievedefinedoutcomesinatimelybasis

¡¤        Establisheffectivecommunicationwiththebusinessestoprovidethelocalmanagementteamwiththeinformationtheyneedtocomplywiththelocalregulation.

¡¤        Ensurethevaluationactivitiesincludingassumptionsandmodellingareadequatelymaintained andmeetinternalandexternalreportingrequirements.

¡¤        Development,maintenanceandcontinuedrefinement/improvementoftoolsandprocessesforthe team.

¡¤        Keeptrackofanyregulationchangeandupdate,andeducatetheValuationTeamtoperformaccuratelocalstatutoryreporting.

 

 

SpecificDuties&Responsibilities:


 

¡¤         Oversee the Korea Valuation Team and be responsible for all aspects of valuationincluding the development of appropriate reporting bases and actuarial models todeliverresultsrequiredforregulatoryreportingincludingIFRS17andK-CIS.

¡¤        Fulfillthedutiesofthe¡®AppointedActuary¡¯asdefinedinKoreanregulationsforindependentsign-offoflocalreportingincludingtheyearendIFRS17actuarialmemorandum.

¡¤        ProvidetheKoreaValuationTeamwithinsightandrecommendationbasedonexpertiseininsuranceproductsinKoreaforUSStatutory,TaxandGAAPreportingaswellasembeddedvalue,principles-basedEconomicCapital,andORSA.

¡¤                     Performexperiencestudiesandactuarialanalysisoncurrentinforcebusinessto

supportvaluationassumptionsettingandbusinessplanning.ThisincludesanannualreviewofbestestimateassumptionsforuseinIFRS17,KICS,LDTI,EVandprinciples-basedEconomicCapital,andfollowingapplicablecorporateguidance.

¡¤                     CoordinatewithFinancetosupportquarterlyIFRS17CSMmovementanalysis,K-

ICSinsuranceriskcalculationandreporting.

¡¤        MonitortheKICSCapitalRequirementoftheKoreanbranch,includingmaintenanceofprocessestodeliverrobustmonitoringofcapitalandsolvencypositionsonanongoing basis.

¡¤                     Maintaincomprehensivedocumentationrelatingtotheactuarialprocesses.

¡¤        Monitorproactivelyregulatorydevelopmentsandchanges,andadviselocalmanagementoftheimplicationsandbusinessimpact.

¡¤                      SupportingtheRegionalHeadofValuation,Asiaonotherinitiatives,asrequired.

 

Requirements:

¡¤                     FullyqualifiedKoreanFellow(FIA-K)

¡¤        FullyqualifiedFellowwithoneoftherecognizedinternationalactuarialassociations(FSA, FIA, FFA,FIAA, etc.).

¡¤                        Atleast10years¡¯relevantexperience.

¡¤                         Atleast5years¡¯peoplemanagementexperience.

¡¤        FamiliaritywiththeKoreanmarketandregulatoryenvironment,USGAAPvaluationand/or IFRS17 andK-ICS.

¡¤                       KnowledgeoftheProphetorAXISprojectionsystems.

¡¤        Provenpeopleleadershipcredentialswiththeabilitytomotivate,mentorandcreateahigh performing team.

¡¤        Stronganalytical,datamanagementskills,workattitudestodetailsandabilitytomanagemultipleprojectssimultaneously.

¡¤                       Ahighlevelofpersonalaccountabilityandintegrity.

 

ExcellentcommunicationskillsinEnglishbothwrittenandverbal.


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