Appointed Actuary

Job Purpose:
The Appointed Actuary is responsible for ensuring the financial soundness of the insurance company by evaluating liabilities, setting premium rates, and advising the Board and relevant stakeholders on actuarial and financial risks. This role also ensures full compliance with Vietnamese insurance regulations and international best practices.

Key Responsibilities:
1. Regulatory Compliance & Reporting
• Certify actuarial valuation of insurance liabilities (technical provisions) as required by local laws.
• Prepare and sign off on annual actuarial reports submitted to the Ministry of Finance (MoF).
• Ensure compliance with Circular 50/2017/TT-BTC and other relevant Vietnamese regulations.
2. Financial Oversight & Risk Management
• Evaluate solvency margin and capital adequacy regularly.
• Recommend reserve levels and reinsurance arrangements to manage underwriting risks.
• Collaborate with Finance and Risk teams to ensure accurate financial projections and capital planning.
3. Product Development & Pricing
• Review and approve product pricing assumptions, profit testing, and policy illustrations.
• Monitor actual vs. expected experience and recommend pricing adjustments if needed.
4. Strategic Advisory
• Advise the Board on the impact of regulatory changes, market trends, and internal developments.
• Support strategic initiatives such as new market entry, M&A, or portfolio optimization.
5. Governance & Communication
• Liaise with regulators, auditors, and other external stakeholders as required.
• Present actuarial findings clearly and credibly to non-actuarial stakeholders.