Hong Kong

Intern

Graduate

Part Qualified

Qualified

Life

Health

Property & Casualty

Reserving

Reporting

Reinsurance

Modelling

Prophet

Pricing

MoSes

Valuation

Excel

Contract

About the Role:<ul><li>Pricing of new business quotes and tenders</li><li>Contribute to technical &amp; pricing support to the various local Asia offices on medical quotes.</li><li>Maintain documentation of all pricing work, and ensure compliance with costing guidelines and standards</li><li>Undertake experience analyses of existing business and new business opportunities </li><li>Contribute to the development of generic pricing bases and pricing software.</li><li>Maintain documentation of all pricing work</li><li>Product Development</li><li>Drive the referral process for large treaties</li></ul>Major Responsibilities:External client service:<ul><li>Establish and maintain relationships with clients</li><li>Liaise with clients on pricing and product development issues through or together with client management team</li></ul>Internal client service:<ul><li>Pricing of new business tenders and group scheme referral</li><li>Liaise with client managers, underwriters and claims colleagues on product matters</li><li>Pricing reviews of open treaties</li><li>Regular experience studies of existing treaties to monitor the profitability thereof</li><li>Assist with the establishment and review of appropriate pricing bases, tools and software</li><li>Engage and maintain professional relationship with peers in other costing teams</li></ul>Professional Development:<ul><li>Maintain up to date knowledge of local and global actuarial practices and trends</li><li>Monitor local market intelligence, trends and developments (company, product, industry)</li><li>Participate in industry bodies and maintain up to date knowledge in actuarial field </li></ul>About You:<ul><li>A part qualified actuary (i.e. making good progress towards qualification) with at least 6-8 years of pricing and experience study experience, 3 years minimum within the medical indemnity products area</li><li>Strong experience in direct and/or reinsurance medical pricing, with good knowledge of medical insurance market</li><li>Familiarity with computer tools such as SAS or R </li><li>Comfortable with large data sets</li><li>Good communication and negotiation skills</li><li>Fluent in English, Cantonese or Mandarin is a plus </li></ul>About Swiss Re:Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.About the role (Contract duration: 2 years)This role is a key contributor to the development and implementation of processes for the upcoming International Financial Reporting Standard ("IFRS") 17 accounting standards for the Asia business.
Your main responsibilities will include implementation of IFRS reporting, including quantification of impacts, process set up, documentation and handover. Additionally, you will contribute to development and provision of the training process for the Asia actuarial team for IFRS17 reporting.<ul><li>The key activities of the Business Management Actuarial team that you will be primarily responsible include:</li><li>Support the production/review of the balance sheet and earnings under IFRS17</li><li>Contributing to the establishment of a new IFRS17 end-to-end reporting process.</li><li>Assisting in review and comment on global IFRS17 implementation approach in various areas.</li><li>Support IFRS17 training and engage BM team to prepare for the implementation. Understand the impact to earnings and balance sheet and provide insight to management</li><li>Communicate the issues/challenges with senior actuaries or stakeholders on time</li><li>Support the production for Hong Kong RBC and other actuarial requirements</li><li>Ad hoc assistance when needed for quarterly reserving and reporting processes of Asia business</li><li>Assist in in-force data quality and proper determination of policy liabilities for USGAAP, Singapore Statutory, and economic reporting</li></ul>About the teamReporting to Regional Corporate Actuary, Life &amp; Health ("L&amp;H") Business Management Actuarial Asia in Hong Kong, you will be primarily responsible for the activities of the Actuarial Management in Asia. The Actuarial Management team is part of the L&amp;H Business Management division in Swiss Re, responsible for managing the in-force business. The Business Management Actuarial team in Asia supports Swiss Re's L&amp;H business in Asia by providing financial information and advice on past/expected future profitability and experience.
This team works closely with other departments in Asia's L&amp;H Community, including those in business origination functions (Client Markets and Products teams). Furthermore, the team has interdependent relationships with other units within the L&amp;H Business Management division. The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture in order to drive delivery of the overall in-force management mandate. The Business Management division comprises the following units: Business Management Actuarial, Portfolio Management, Technical Accounting, and Claims.About you<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role;</li><li>At least 5 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;</li><li>Attained or close to attaining fellowship in actuarial examinations;</li><li>Excellent interpersonal, communication, organisational skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A good understanding of IFRS 17, USGAAP and MCEV.  Knowledge in Singapore local reserving standard would be considered an advantage;</li><li>Good knowledge and proficiency of actuarial modelling systems; MoSes experience is desirable, but not essential;</li><li>Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage.</li></ul>

You will be primarily playing a technical role, but in time you will be expected to liaise with clients and ultimately to manage client projects. You would be working with leading actuaries and consultants to bring best-practice solutions to insurance companies across Asia.Initially the role will encompass general insurance and healthcare assignments, which would include:<ul><li>Claim reserves review for statutory filings</li><li>Mergers and acquisitions, including actuarial support for due diligence and appraisal value</li><li>Strategic work including reinsurance optimization, risk and capital management, market entry support, etc.</li><li>Modelling support for IFRS17 implementation</li><li>HKRBC implementation support, including statutory filings, capital analysis, ORSA requirements</li><li>Portfolio review and risk profile analysis</li><li>Actuarial assistance for the development of new general/health products and premium rates</li><li>Actuarial analytics applied in non-traditional areas</li><li>Market research and analysis</li></ul>We are looking for a high-caliber individual with an excellent academic record, strong IT and computer skill who can demonstrate the commitment and potential to apply theory to practical situations; to analyze problems from first principles and to communicate technical concepts in a clear and concise way. Fluency in English is required and professional proficiency in Mandarin will be a plus.You should expect to travel within the region and to attend internal Milliman training seminars held in the U.S. at least once a year as you attain more experience within the team. Comprehensive on-the-job training will be provided.BenefitsMilliman offers competitive, performance-related compensation packages commensurate with the quality and experience of the candidate, including a comprehensive set of benefits and actuarial study support.A career with Milliman offers a multitude of short-term and longer-term opportunities ranging from experience in working with international experts in their fields, developing best-practice consulting solutions, and exposure to a wide variety of client assignments to client relationship building and participation in business development activities.Our working environment is flexible and team-orientated, while at the same time highly geared to meeting our clients’ needs and providing the highest quality service. Initiative and creativity are encouraged and rewarded.EducationBachelors or better in Actuarial Science or related field.Experience0-2 years of experience related to an area of actuarial work

We are looking for Actuarial Intern for Jan to Jun 2023 (Full time is preferred; Part time with 3 days availability will be also considered).Roles and Responsibilities<ul><li>Support to Corporate Actuarial Team</li><li>Support the regular valuation report preparation, exposure to valuation process including reserve calculation, embedded value calculation, data validation, trend analysis, etc.</li><li>Provide support to the process improvement, e.g. worksheet revamp or design a new tool to complete regulatory forms, streamline or enhance HKRBC production process, etc.</li><li>Update documentations related to valuation process, methodology and results</li><li>Support prophet operation such as model run setting, table update, result extraction, etc.</li><li>Participate in Prophet model UAT exercise to ensure the model's correctness</li></ul>Career OpportunitiesThrough the internship program, you are able to:<ul><li>Apply the knowledge you learn at university.</li><li>Understand the real life work environment.</li><li>Gain relevant experience, such as exposure to handle task with business cashflow and projection worksheets.</li><li>Support Prophet (cashflow projection software) modelling, maintenance and regular operations.</li><li>Enhance soft skills through on-the-job training, e.g. communication skill.</li></ul>Qualification Requirements<ul><li>Undergraduate students of degree of actuarial science or related discipline /or fresh graduates with less than one year of working experience</li><li>Good verbal and written English skills</li><li>Good communication and presentation skills</li><li>Skills of Microsoft Excel and Visual Basic for Applications a strong advantage</li><li>Good team players with can-do attitude</li></ul>What We OfferWe offer excellent career prospects and attractive remuneration package to the right candidates.About AXAWe always start with our customers.As one of the largest global insurers, our purpose is to act for human progress by protecting what matters.Protection has always been at the core of our business, helping individuals, businesses and societies to thrive. And AXA has always been a leader, an innovator, an entrepreneurial company, fostering progress in all its dimensions.Our purpose also links back to the Group's roots. From the outset, AXA has been committed to acting as a force for collective good. From solidarity-based actions with AXA Hearts In Action to work on prevention issues with the AXA Research Fund and the fight against climate change, AXA has always been attentive to its social environment and embraced its responsibility as an insurer: responsibility for taking action upstream in order to better understand risks, with one goal in mind: to ensure better protection.About AXA Hong Kong and MacauAXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 54 markets and serving 105 million customers worldwide.As one of the most diversified insurers offering integrated solutions across Life, Health and General Insurance, our goal is to be the insurance and holistic wellness partner to the individuals, businesses and community we serve.At the core of our service commitment is continuous product innovation and customer experience enrichment, which is achieved through actively listening to our customers and leveraging technology and digital transformation.We embrace our responsibility to be a force for good to create shared value for our community. We are proud to be the first insurer in Hong Kong and Macau to address the important need of mental health through different products and services. For example, the Mind Charger function on our holistic wellness platform “AXA BetterMe”, which is available via our mobile app Emma by AXA, is open to not just our customers, but the community at large. We will continue to foster social progress through our product offerings and community investment to support the sustainable development of Hong Kong and Macau.AXA is an equal opportunity employer. We are committed to promoting Diversity and Inclusion (D&I) by creating a work environment where all employees are treated with dignity, respect, and where individual differences are valued. We welcome and treasure diverse profiles to join our big family, and to build an inclusive culture together which allows everyone to maximise their personal potential.

About Swiss ReSwiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime.We cover both Property &amp; Casualty and Life &amp; Health. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.About the role (Contract duration: 2 years)This role is a key contributor to the development and implementation of processes for the upcoming International Financial Reporting Standard ("IFRS") 17 accounting standards for the Asia business.Your main responsibilities will include implementation of IFRS reporting, including quantification of impacts, process set up, documentation and handover. Additionally, you will contribute to development and provision of the training process for the Asia actuarial team for IFRS17 reporting.<ul><li>The key activities of the Business Management Actuarial team that you will be primarily responsible include:</li><li>Support the production/review of the balance sheet and earnings under IFRS17</li><li>Contributing to the establishment of a new IFRS17 end-to-end reporting process.</li><li>Assisting in review and comment on global IFRS17 implementation approach in various areas.</li><li>Support IFRS17 training and engage BM team to prepare for the implementation. Understand the impact to earnings and balance sheet and provide insight to management</li><li>Communicate the issues/challenges with senior actuaries or stakeholders on time</li><li>Support the production for Hong Kong RBC and other actuarial requirements</li><li>Ad hoc assistance when needed for quarterly reserving and reporting processes of Asia business</li><li>Assist in in-force data quality and proper determination of policy liabilities for USGAAP, Singapore Statutory, and economic reporting</li></ul>About the team Reporting to Regional Corporate Actuary, Life &amp; Health ("L&amp;H") Business Management Actuarial Asia in Hong Kong, you will be primarily responsible for the activities of the Actuarial Management in Asia. The Actuarial Management team is part of the L&amp;H Business Management division in Swiss Re, responsible for managing the in-force business. The Business Management Actuarial team in Asia supports Swiss Re's L&amp;H business in Asia by providing financial information and advice on past/expected future profitability and experience.This team works closely with other departments in Asia's L&amp;H Community, including those in business origination functions (Client Markets and Products teams). Furthermore, the team has interdependent relationships with other units within the L&amp;H Business Management division. The successful candidate will need to proactively liaise with cross functional teams and is required to foster a strong team culture in order to drive delivery of the overall in-force management mandate. The Business Management division comprises the following units: Business Management Actuarial, Portfolio Management, Technical Accounting, and Claims.About you<ul><li>Strong knowledge and working experience in L&amp;H business, plus the ability to communicate business needs with internal clients and external regulators is key to success in this role; </li><li>At least 5 years of L&amp;H valuation or pricing experience in reinsurance, primary insurance or insurance consultancy;</li><li>Attained or close to attaining fellowship in actuarial examinations;</li><li>Excellent interpersonal, communication, organisational skills;</li><li>Ability to balance rigorous technical requirements and business mind-set to be solutions oriented; Strong technical knowledge and the ability to analysis large amounts of data;</li><li>A good understanding of IFRS 17, USGAAP and MCEV.  Knowledge in Singapore local reserving standard would be considered an advantage;</li><li>Good knowledge and proficiency of actuarial modelling systems; MoSes experience is desirable, but not essential;</li><li>Proficient in MS Excel. Knowledge of MS Access and/or SQL would be considered an advantage.</li></ul>

Health Actuary Jobs & Actuarial Careers in the Health Sector