Associate Director, Actuarial Audit

Associate Director, Actuarial Audit

AIA Group
Hong Kong
Not Specified
Not Specified

Job Description

Bring your career aspirations to life with AIA!The individual will provide management and the Board with an objective, independent assessment of the internal control systems through the planning and execution of audit assignments of actuarial and related business processes across AIA Group. The individual will also add value to management by providing appropriate business-oriented recommendations. He/she will be responsible for the delivery of the overall audit plan, reporting to committees and management, and supervising and developing the team.
  • Identify key risks at the local level for each entity with a focus on actuarial areas, e.g. valuation, product development & pricing, reinsurance, actuarial system considering the relevant strategies and business environment.
  • Develop the annual audit plan considering the key risks identified.
  • Plan, lead and execute audits within the Asia Pacific region and evaluate the adequacy of controls according to established schedule and quality.
  • Direct the preparation of the annual audit plan and schedules, Audit Committee reports.
  • Direct the development of actuarial audit strategies and procedures as well as share audit practices in actuarial area.
  • Coordinate and monitor audits being performed by regulators, external auditors (for special projects, if any), other entities’ auditors and other groups providing assurance. Partner with internal audit colleagues in integrated audits where appropriate.
  • Review audit reports and lead discussion of issues and remedial action plans with the appropriate levels of management.
  • Facilitate issuance of audit reports to management.
  • Follow-up outstanding audit issues and monitor timely completion of agreed remedial actions by management.
  • Direct the development of the team through coaching, training and providing timely feedback to staff. Motivate and inspire the team by providing them with the information and tools they need to perform their duties.
  • Evaluate whether the team has adequate human resources, technical expertise and proficiency to cover the annual audit plan.
  • Review and co-ordinate the work of the team members and ensure that the working papers, draft audit reports and other deliverables meet internal standards and assignments are completed within budgeted time.
  • Assist the Head of Actuarial Audit in training, mentoring and evaluating staff, and taking corrective actions to address performance issues.
  • Ensure achievement of departmental goals.
  • Liaise with the control community and other members of the company to contribute to the implementation of an effective and efficient system of internal control.
  • Develop rapport with business unit management through regular communication of changes in business operations, emerging risks and potential issues, etc.
  • Provide professional advice and insights to management to enable informed management decisions.
  • Involve in the implementation of new processes and systems of the company to provide an independent view to management of the quality and effectiveness of the projects.
  • Take the initiative in improving self through classroom and on-the-job trainings.
  • Perform other responsibilities and duties periodically assigned by the Head of Internal Audit in order to meet operational and/or other requirements.

Build a career with us as we help our customers and the community live healthier, longer, better lives.
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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About AIA Group

For a century, we have served millions of people and generations of families all around the Asia-Pacific region.AIA is the largest independent publicly listed pan-Asian life insurance group – with a presence in 18 markets across the Asia-Pacific region.Our Vision is to be the world’s pre-eminent life insurance provider. That is our service to our customers and our shareholders.Our Purpose is to play a leadership role in driving economic and social development across the region. That is our service to societies and their people.Our Promise to help people live Healthier, Longer, Better Lives.

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