ADVERTISEMENT

VACANCY FOR ASSISTANT COMMISSIONER OF INSURANCE
IN THE GOVERNMENT OF THE HONG KONG
SPECIAL ADMINISTRATIVE REGION

OFFICE OF THE COMMISSIONER OF INSURANCE,
FINANCIAL SERVICES BUREAU

Assistant Commissioner of Insurance (Long Term Insurance Business)
(Pay starts at HK$116,650 per month)

Entry requirements

Candidates should:
  1. be a Fellow of the Institute of Actuaries in England or Faculty of Actuaries in Scotland or Institute of Actuaries of Australia or Society of Actuaries in the U.S.A. or equivalent;
  2. have a minimum of 10 years' experience in life insurance or actuarial work or superannuation work;
  3. have good management and inter-personal skills; and
  4. have Grade E or above in English Language (Syllabus B) in the Hong Kong Certificate of Education Examination or equivalent. [See Note Below]
The candidate must be a permanent resident of the Hong Kong Special Administrative Region. Ability to communicate in written and spoken Chinese would be an advantage.
[Note : Suitable candidates without an acceptable qualification in English Language may also apply but will be required to pass an appropriate language proficiency test conducted by the Civil Service Examinations Unit before they can be offered appointment.]

Duties

The Assistant Commissioner of Insurance (Long Term Insurance Business) is mainly deployed on assisting the Commissioner of Insurance in the prudential supervision of the actuarial aspects of insurance business, advising and providing training to staff on all actuarial matters and monitoring the long term business of authorized insurance companies.

Terms of appointment

The successful candidate will be appointed on agreement terms for 3 years, which is renewable at Government's discretion.

Remuneration

The salary for Assistant Commissioner of Insurance starts at HK$116,650 per month. The package includes housing benefits, vacation leave with leave passage allowance and other benefits commensurate with a position of such seniority, subject to prevailing rules.

The appointee will be subject to the provisions of the Mandatory Provident Fund Schemes Ordinance (Cap 485) and will be required to make employee's contribution to a Mandatory Provident Fund (MPF) scheme.

Upon satisfactory completion of the agreement, he/she will be eligible for an end-of-agreement gratuity which, when added together with the Government's contribution to the MPF scheme, equals 15% of the total basic salary drawn during the agreement period.

Assumption of Duties

The successful candidate will be expected to take up his/her duties preferably in November/ December 2000.

General Notes
  1. The vacancy is a post on the civil service establishment. The candidate selected will be appointed on civil service terms of appointment and conditions of service and will become a civil servant on appointment.
  2. The information obtained in this advertisement is also available on the Civil Service Bureau Homepage and the Office of the Commissioner of Insurance's Homepage at http://www.hku.hk/hkgcsb and http://www.info.gov.hk/oci respectively.
How to Apply

Application forms (G.F. 340 (Rev.8/99)) are obtainable from any Public Enquiry Service Centre of District Office of the Home Affairs Department and any Job Centre of the Employment Services Division, Labour Department. The said form can also be downloaded from the Civil Service Bureau's Internet web site (http://www.hku.hk/hkgcsb/gf340.htm). Completed forms should reach the Senior Executive Officer, Office of the Commissioner of Insurance, 21st Floor, Queensway Government Offices, 66 Queensway, Hong Kong not later than 26 August 2000. Candidates who are selected for interview will normally receive an invitation in about four to six weeks from the closing date for applications. For enquiries, please telephone 2867 3448.