Capital Management Director

Transform insights into action and impact at AIA, a leading multinational insurance organisation.

About the Role Drive the company's financial performance by enhancing capital efficiency and delivering innovative capital solutions that support sustainable growth.

Responsibilities

• Lead, develop, and inspire a high-performing Capital Management team, fostering a culture of accountability, collaboration, and continuous improvement.
• Oversee the timely and accurate delivery of all capital-related reporting, including HKRBC quarterly sensitivity analysis, Stress testing, Capital plans, and ORSA SST report.
• Lead initiatives to optimize capital generation and support dividend remittance to the Group, ensuring full compliance with regulatory requirements and internal governance policies.
• Act as a key liaison with internal and external stakeholders, including senior management, Group Office, and regulators.
• Partner with Finance, Risk, Investment, and Actuarial teams to drive integrated capital planning and informed decision-making.
• Assume end-to-end accountability for the capital management and S&P credit-rating management of AIA Global.

Roles and Responsibilities

1. Regular Financial Closing

• Lead the team to perform reserve, capital requirement, and stress capital calculations.
• Ensure proper control is implemented and demonstrate meeting internal control requirements.
• Perform analysis on reserves, capital requirements, and solvency.

1. Own Risk and Solvency Assessment (ORSA)

• Lead the team to design own risk scenarios and perform solvency risk assessments.
• Review Target Capital Framework to ensure regulatory compliance.
• Ensure proper control is implemented.
• Analyse results to interpret impacts and recommend management actions.

1. Capital Management and Strategic Plan

• Oversee current and projected capital positions through regular monitoring and analysis.
• Lead the team in developing the 3-year Strategic Plan for solvency and remittance capacity.

1. Senior Management Reporting

• Manage the preparation of reporting materials to deliver insightful updates on capital positions.

1. Cash Remittance to Group

• Liaise with Group Capital Management, Group Treasury, and Local Finance to ensure timely execution of cash remittance plans.

1. Optimize Capital Efficiency

• Assess both capital and S&P rating implications and recommend options.

1. AIA Global Credit-Rating Management

• Own the ongoing management of AIA Global S&P credit rating.
• Act as the primary working-level coordinator for S&P engagement.

1. Regulatory Engagement

• Lobby with regulators to drive favourable outcomes for the company’s capital management framework.

1. Team Management

• Coach and develop team members to achieve departmental goals and foster a high-performance culture.

Minimum Job Requirements

• University/College graduate in Actuarial Science, Mathematics, Statistics, Business Administration, or related subjects with at least 10 years’ experience in the life insurance industry.
• Attained Fellowship in Actuarial professional examination.
• Strong people management and analytical skills.
• Strong communication, presentation, and project management skills.
• Ability to deal with and handle multiple priorities.
• Solid experience and knowledge in insurance products, corporate actuarial work, statutory/economic/EV/IFRS basis reporting & regulatory filing, solvency & capital management.
• Proficiency in MS Office.
• Knowledge in Actuarial Software, e.g., Prophet is an advantage.