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Actuarial Valuation and Analysis, Consultant

Employer
AIA International Limited.
Location
Hong Kong, Hong Kong
Salary
Competitive
Closing date
Oct 26, 2024
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Job Function
Insurance
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
At AIA we've started an exciting movement to create a healthier, more sustainable future for everyone.

It's about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you're not just safeguarding AIA's financial wellbeing. You're securing a better future for the people and communities we serve - today, tomorrow and for generations to come.

If that interests you, read on.

About the Role

Responsible for delivering quality actuarial valuation and analysis, review the financial KPIs for EV/VONB metrics, business plan and regular forecasting to assist the financial management, and support strategic actuarial initiatives as per needed.

Roles and Responsibilities:
  • Actuarial Valuation: Manage EV and VONB financial reporting on regular basis, and ensure timely and high quality deliverables; Review the detailed analysis and assist in identifying the underlying key drivers for the financial results; Support the auditor engagement for financial reporting
  • Financial Management: Manage the team to prepare the annual budget exercise, perform regular forecast on financial KPIs, highlight the risks and opportunities as part of financial management for meeting Group's financial objectives; Assess the impacts from assumption changes to facilitate the decisions
  • Governance & Controls: Manage the team to ensure best practice for process & controls, ensure the team maintain clearly documented audit trail of actuarial valuations including data, models, assumptions and analysis to support the delivery of high-quality financial results and analysis
  • Process Enhancement: Support the continuous improvement in reporting process, including enhancement in systems, tools, process and controls; Identify areas on improving the efficiency and optimizing the reporting process through process enhancement and automation
  • Ad-hoc Analysis: Manage the ad-hoc analysis, deep-dive analysis or impact assessment to reveal the financial implications;
Financial and Non-Financial Measures:
  • Satisfactory level of stakeholders
  • Accuracy, adherence to timeline, internal and external guideline and requirement
  • Team engagement
  • Managerial effectiveness
Communication Requirements

Internal (90%)
  • Actuarial / Capital Management - communication on the actuarial matters and/or demonstration of the compliance of the guideline
  • Finance - communication on analysis of actuarial related items upon request
  • Internal auditor - demonstration of the compliance of control and procedures
  • IT & Operation - communication of actuarial requirement to IT & operation
  • Other non-finance & actuarial team as required
External (10%)
  • External auditor - demonstration of the compliance of control and procedures
  • Consultant - on special projects
Minimum Job Requirements:
  • University / College graduate in Actuarial Science or related disciplines
  • Minimum 6 years of relevant experience
  • Good progress in Actuarial professional examination
  • Sound analytical, problem solving and communication skills.
  • Ability to deal with and handle multiple priorities.
  • Experience and knowledge in insurance product and actuarial reporting work. Knowledge in IFRS 17 / HKRBC basis / economic capital is an asset.
  • Proficiency in actuarial software, e.g. Prophet is an advantage
  • You are required to obtain relevant license if your job involves in regulated activities
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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