Skip to main content

You will need to login before you can apply for a job.

AIA Actuarial Internship Programme

Employer
AIA International Limited.
Location
Hong Kong, Hong Kong
Salary
Competitive
Closing date
Jul 1, 2024

View more

Job Function
Insurance
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
FIND YOUR 'BETTER' AT AIA

We don't simply believe in being 'The Best'. We believe in better - because there's no limit to how far 'better' can take us.

We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives.

If you believe in better, we'd love to hear from you.

About the Role

Responsible for supporting the day-to-day activities of a particular area of the business on either full-time or part-time basis, with the aim of learning practical knowledge of the business area, the company and the industry

Job Description

The Actuarial Department of AIA Hong Kong consists of various functions. As an actuarial intern, you will have a unique 6-month experience to expose into different functions/sections during the internship period.

Key Responsibilities:

1) Actuarial Department - Product Development
  • Main function of the product team would be to develop new products, review existing product performance and actual operational experience.
  • Performing data analysis and generate product financials through the use of spreadsheet and/or Prophet models
  • Checking on IT systems related to product administration
  • Preparing data and calculation for experience/claim monitoring
2) Actuarial Department - Reporting
  • Integrated Reporting Team is responsible for providing the shareholder reporting, regulatory reporting, business projections & forecast and projects & initiatives.
  • The Department is further divided into different sections for different valuation basis, which would be used for internal management and external disclosure purpose.
  • Performing the calculation, data extraction and checking for financial report through the use of spreadsheet and/or Prophet models to assist the regular reporting process.
  • Verification of the calculation in the financial models under different reporting basis
  • Supporting coding of new products and enhancements of the spreadsheet and/or Prophet models
  • Performing analysis and explanation of results
  • Handle ad-hoc projects and other duties as required
3) Capital Management Department
  • The team performs various stochastic and risk-based analysis to support the formulation of business and financial strategies from capital preceptive.
  • Perform the calculation, data extraction and checking for stress capital/economic capital reporting through the use of spreadsheet and/or Prophet models
  • Support the testing of various financial strategies and analyzing the implication on capital position of the company
  • Perform control and checking on the spreadsheet and/or Prophet models to ensure the result consistency and quality
4) Capital Planning & Optimisation
  • The team performs various stochastic and risk-based analysis to support the formulation of business and financial strategies from capital preceptive.
  • Perform sensitivity runs on the capital positions under economic basis through the use of spreadsheet and/or Prophet models to understand the key risk drivers on capital
  • Support the testing of various financial strategies and analyzing the implication on capital position of the company
  • Perform control and checking on the spreadsheet and/or Prophet models to ensure the result consistency and quality
The incumbent is required to obtain relevant license if the job involves in regulated activities

Job Requirements:
  • University students major i n Actuarial Science, Risk Management, Mathematics, Statistics, Insurance or Finance with strong mathematics background
  • Good analytical and communication skills
  • Good command of written and spoken English
  • Proficiency in Microsoft Office, knowledge of Prophet, Visual Basic for Applications (VBA) or other computer programming language is an advantage
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.

Sign in to create job alerts

Sign in or create an account to start creating job alerts and receive personalised job recommendations straight to your inbox.

Create alert