Hong Kong

Intern

Graduate

Part Qualified

Associate

Qualified

Life

Health

Property & Casualty

Reserving

Reporting

Data

Reinsurance

Risk

Modelling

Experience Analysis

Prophet

Coding

Pricing

MoSes

Valuation

Capital

Consulting

Excel

Marketing

Contract

AXIS

Come join us! This is an opportunity to make a difference to our L&amp;H reinsurance business in Hong Kong and Taiwan!About the Role<ul><li>Lead and support the pricing and modelling of new business; this includes the review on quotes</li><li>Identify and understand clients' needs and concerns</li><li>Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity</li><li>Review pricing guidelines and ensure their correct application</li><li>Able to challenge status-quo and look to simplify and improve existing practices</li><li>Keep up to date with market, regulatory and competitive trends</li><li>Work with Experience Studies team to gain insight into claims and lapse experience</li><li>Ensure pricing guidelines are kept up-to-date via research and experience studies</li><li>Contribute to technical, research and project management input for product development initiatives</li><li>Provide strategic inputs in the running of the Swiss Re business in HK/TW including implications of regulations, market and industry developments</li></ul>About the TeamThe role will be part of the L&amp;H Hong Kong and Taiwan (HK/TW) pricing team taking responsibility for product development and pricing of new Life &amp; Health and medical business to help the market achieve its ambitious plans. We aim to do this through better client experience; cutting-edge, better-informed pricing; and supporting development of innovative products for HK/TW clients.We are a team of 6 members based in Hong Kong, with support from the Bangalore pricing hub. The role is a non-supervisory role with the individual supporting development of new products and the pricing of the business written in HK/TW in accordance to our technical guidelines.About You<ul><li>Qualified actuary (under a recognized actuarial body - SOA/CAS/IOA/FOA/FIA) with a Bachelor degree in Actuarial Science, Mathematics, Statistics, Economics or equivalent</li><li>3-5 years insurance or reinsurance working experience (including consulting); pricing experience, particularly HK market is strongly desirable</li><li>Commercial and technical skills in Life &amp; Health product design and pricing</li><li>Demonstrate maturity and flexibility at managing both internal and external stakeholders</li><li>Experience at using and developing pricing tools, is a plus</li><li>Excellent verbal and written communication skills in English and Cantonese.</li></ul>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 and their passion for sustainability.

Responsibilities<ul><li>Provide technical support on reinsurance pricing</li><li>Conduct data and experience analysis for existing products and portfolio to assist management in gauging the healthiness of the business</li><li>Produce market intelligence on life and health insurance products and market trends across four major markets (HK, SEA, India and Taiwan)</li><li>Identify product opportunities and assist Taiwan team to develop them into concrete product designs with appropriate product propositions</li><li>Assist in research and presentation preparations for product development and other initiatives to regional clients</li><li>Source the relevant insurtech and startup companies for the client solutions/propositions</li><li>Work closely with business development team and participate in projects to enhance client relationships and new business opportunities for the South Asia region (HK, Taiwan, SEA)</li><li>Provide support to the local markets as needed. The support includes but is not limited to pricing data project, experience analysis and product/market presentation</li></ul>Qualifications<ul><li>Minimum second year of Actuarial Program, or Business, Finance, Economics</li><li>Previous working experience or internship in a similar environment is not required but will be advantageous</li><li>Excellent communication and interpersonal skills</li><li>Excellent analytical skills</li><li>Good team player and self-motivated</li><li>Proficient in Microsoft suite office, Programming and VBA;</li><li>Excellent oral and written skills in English and good at Chinese</li></ul>About usSCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

As an actuarial intern, you will gain exposure to a variety of projects across several markets in the Asia Pacific region. Your main focus will be on:<ul><li>Actuarial valuations and liability modelling and model validations</li><li>Data analysis and validation</li><li>Market research for popular topics in the region</li></ul>You will be supervised and guided by our experienced team of actuarial consultants. We are looking for bright, enthusiastic, and proactive students who enjoy working in an intellectually stimulating environment. The successful candidate should possess the following skills and attributes:<ul><li>Proficiency in Microsoft Excel</li><li>VBA programming knowledge would be advantageous</li><li>Fluency in Cantonese/Mandarin and English</li></ul>Behaviors<ul><li>Dedicated: Devoted to a task or purpose with loyalty or integrity</li><li>Enthusiastic: Shows intense and eager enjoyment and interest</li><li>Team Player: Works well as a member of a group</li><li>Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well</li></ul>Motivations<ul><li>Growth Opportunities: Inspired to perform well by the chance to take on more responsibility</li><li>Flexibility: Inspired to perform well when granted the ability to set your own schedule and goals</li></ul>

Location:Hong Kong officeDuration:Full-time/ part-time internship (at least 3 days per week, 3-6 months)Job Description:As an intern, you will be working with leading actuaries and consultants to bring best-practice solutions to insurance companies across Asia. 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>Besides acquiring actuarial analysis and financial modelling skills, in this role you will gain invaluable insights into the business and operations of different insurers as well as an understanding of how their underwriting strategy and claims management ultimately related to financial performance.You will be working with a small, friendly team of experienced actuarial consultants who will provide the necessary supervision and guidance to ensure that you will succeed in the role. We are looking for quick learners who are enthusiastic, proactive and enjoy working in a challenging environment. Good Excel and VBA skills would be highly advantageous.Qualifications:Skills:<ul><li>Enthusiastic: Shows intense and eager enjoyment and interest</li><li>Team Player: Works well as a member of a group</li><li>Dedicated: Devoted to a task or purpose with loyalty or integrity</li></ul>Motivations:<ul><li>Flexibility: Inspired to perform well when granted the ability to set your own schedule and goals</li></ul>

Candidates with the following knowledge/experience in the insurance industry are strongly encouraged to apply:<ul><li>IFRS 17 - regulatory standard and implementation</li><li>Finance function transformations</li><li>Financial control framework design and implementations</li><li>Cost optimisation - design and implementation</li><li>Finance process re-engineering</li><li>Finance systems implementation</li><li>Finance function sourcing strategy development and implementation</li></ul>Candidates with either experience in the commercial sector or a professional service firm will be considered.Responsibilities<ul><li>Lead projects / workstreams and provide guidance to consultants / senior consultants to deliver outcomes and client-ready deliverables</li><li>Take ownership of project planning and project management, including management of resources, timelines, and budget</li><li>Develop rapport and working relationships with different levels of clients (working level and senior management)</li><li>Understand client issues and challenges, and identify KPMG service offerings that can help solve them</li><li>Support Associate Directors, Directors and Partners in pursuing new business opportunities, including the preparation of proposals and participation in proposal presentation</li><li>Support senior management in developing new methodologies, frameworks, and other KPMG assets</li><li>Actively participate in the recruiting, development, and retention of junior team members</li></ul>The individual will have:<ul><li>More than 5 years of work experience in data analytics, finance / actuary transformation program, business intelligence, finance & accounting or related topics. Work experience in a Big 4 professional firm or Finance functions in a large corporation is preferred, but not required.</li><li>Good knowledge of the finance function, including its organisation, processes and systems</li><li>Good knowledge of the recent development of the Insurance industry</li><li>Full project lifecycle delivery experience and a proven track record in delivering high quality project, work-stream or assignment outputs</li><li>Experience in business development and sales is a plus</li><li>Experience in coaching and mentoring junior team members is highly preferred</li><li>Bachelor Degree or above in Business Administration, Commerce, Accounting, Mathematics, Statistics, Economics, Computer Science or other related disciplines is preferred</li><li>Accounting qualification (CPA, ACA, CIMA or equivalent) is a plus</li><li>Fluency in English and strong communication skills are required. Additional language skills will be considered assets, with preference in Cantonese and/or Mandarin speaking candidates</li><li>Strong sense of ownership to get the job done in a practical and pragmatic fashion</li><li>Proficient in MS Office including Word, Excel and PowerPoint</li><li>Hands-on experience with programming / coding / cloud solution and Agile methodology is a plus</li><li>Certified or knowledge on PMP, Scrum Master, TOGAF is a plus</li></ul>

We are now accepting applications for an Actuarial Analyst / Actuarial Associate position in our Hong Kong Life consulting team. The exact position offered will depend on your experience and exam progress.As a core part of our team, you will support the development and delivery of a diverse range of consulting activities across multiple markets in Asia Pacific. This is likely to include work in the following areas, amongst others:<ul><li>Mergers and acquisitions;</li><li>Reserving analysis;</li><li>Product development and pricing;</li><li>Data analysis and validation;</li><li>Modelling and model validation;</li><li>Market research and analysis; and</li><li>Risk and capital management.</li></ul>Milliman will provide training throughout your career to help you to develop into an actuarial consultant who is able to provide effective solutions to the challenges facing our clients. You will be exposed to a wide range of client assignments, enabling you to build a strong portfolio of experience, and you will receive on-the-job training to assist you in your day-to-day work.During your career at Milliman you will also be involved in our marketing efforts, through participating in research and development activities, preparing material for publication, and assisting and participating in proposals and pitches to new and existing clients.What are we looking for?We are looking for articulate, confident, numerate and personable individuals who enjoy the challenges and responsibilities associated with a career as an actuarial consultant in our fast-growing Asia Life Insurance Practice. In particular, we are aiming to hire someone with:<ul><li>Intellectual curiosity and the willingness and ability to learn new things and be adaptive;</li><li>Can-do attitude and ability to work effectively with people at all levels in an organization and under tight timelines;</li><li>Fresh graduate or up to 3 years of relevant working experience in the life actuarial field;</li><li>Strong modelling skills with actuarial software such as Prophet for junior actuaries or enthusiasm to learn actuarial modelling skills for fresh graduates; and</li><li>A strong academic record and fluency in English. Other languages skills (e.g. Cantonese, Mandarin) will be an advantage.</li></ul>Behaviors<ul><li>Team Player: Works well as a member of a group</li><li>Dedicated: Devoted to a task or purpose with loyalty or integrity</li><li>Detail Oriented: Capable of carrying out a given task with all details necessary to get the task done well</li></ul>Motivations<ul><li>Goal Completion: Inspired to perform well by the completion of tasks</li><li>Flexibility: Inspired to perform well when granted the ability to set your own schedule and goals</li></ul>

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.

In this role you will contribute to growing the Financial Solutions line profitably, by marketing to and winning deals from clients in the Asia Pacific region. You will also contribute to the structuring, pricing and modelling of financially motivated solutions and build your expertise in this fast-paced and dynamic area.ResponsibilitiesKey duties and responsibilities:<ul><li>Work closely with market managers and prospects to grow our business</li><li>Structure and model solutions to address clients’ needs</li><li>Contribute to the growing knowledge base and possess solid understanding of various financially motivated solutions sets, accounting standards, solvency regimes and relevant regulations in active countries in the region</li><li>Present solutions and proposals to both internal and external stakeholders and clients</li></ul> Key stakeholders and working relationships:<ul><li>Work closely with marketing actuaries in the country locations who will source the business from clients</li><li>Work with pricing actuaries in the region on actuarial assumptions, where necessary</li><li>Foster a network with other teams across SCOR globally (e.g. risk management, finance, legal, technical) in order to understand and credibly contribute to the evolution of the Group's best practice in selling, assessing, structuring and managing financially motivated reinsurance business.</li><li>Maintain interaction with other departments across SCOR Global Life Asia-Pacific (e.g. product development, health, accounting) in order to contribute to multi-function projects</li></ul>QualificationsExperience:<ul><li>Minimum of 5 years of relevant financial services industry experience in life insurance, life reinsurance, or life consulting environment</li><li>Solid experience in accounting standards (e.g. IFRS 4), solvency regimes (e.g. Solvency II, RBC, etc.), financial reporting, valuation, MCEV, and ALM</li><li>Awareness of detailed implications of emerging insurance capital and accounting standards for the life insurance industry preferred</li><li>Exposure to structured reinsurance concepts highly preferred</li></ul> Personal Competences:<ul><li>Innovative and creative</li><li>Comfortable with dynamic and fast paced work environment</li><li>Excellent communication and interpersonal skills</li><li>Fast learner, highly numerate and analytical</li><li>Self-motivated and reliable individual</li><li>Team player</li><li>Customer centric - would be able to communicate effectivelyin client meetings to technical specialists and generalists at all levels</li></ul>Required Education<ul><li>Qualified actuary (A Fellowship qualification with one of the following actuarial associations – Society of Actuaries, Institute of Faculty of Actuaries, Institute of Actuaries of Australia). Part qualified candidate who demonstrates great potential will also be considered.</li></ul>About us SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art &amp; Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life &amp; Health and Property &amp; Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients. In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face. At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.

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>

<ul><li>Opportunity to be part of an exciting growth story and a high performing and inclusive culture</li><li>Flexible and agile work practices that focus on our people's wellbeing</li><li>Leading teams in actuarial advisory in risk consulting services across insurance</li><li>Large and diverse client list across China and Hong Kong</li></ul>KPMG China is part of a global network providing extensive services across a wide range of industries and sectors. KPMG China's Actuarial and Insurance Risk practice provides a broad range of services, including IFRS for Insurers, finance and projection system transformation, risk and capital management, corporate restructuring, transaction support, and audit support.We offer our actuaries the opportunity to work with risk, accounting, tax and transaction advisory professionals in diverse and exciting roles. We also have a supportive global network of actuaries (UK, Europe, US, Asia and Australia) that works together to serve our multinational clients. We provide on-the-job support and coaching, and sponsor actuarial examinations.Our clients include the leading insurers and financial services companies operating in Australia, New Zealand and the Asia Pacific region. Our wide range of projects includes traditional actuarial roles such as Appointed Actuary, pricing, valuation, strategy advice and mergers and acquisitions, as well as a growing presence in non-traditional actuarial analytics and analysis.We are interested in talking with qualified life insurance actuaries to join our teams in Hong Kong, Beijing, Shanghai and Shenzhen. Your skill-set and experience will support our actuarial work and you will have the drive and interest to support our on-going growth in wider areas.Opportunities:<ul><li>Working closely with the leaders of our business to execute a range of projects and advisory engagements;</li><li>You will have client facing opportunities and be involved in whole projects not just tasks, giving you the opportunity to gain a broad understanding of wider business issues;</li><li>You will often by working in multidisciplinary teams to solve client problems;</li><li>Will offer career development through an extensive support and mentoring network and</li><li>Will require a drive to innovate.</li></ul>How are you Extraordinary?At KPMG, we believe diversity of thought, background and unique experience strengthens relationships and delivers meaningful benefits to our people, our clients and communities.With 3-10 years' experience in life insurance either in consulting or corporate, qualified or on track with actuarial exams specializing in Life, Risk or Investments. Exposure in the areas of finance and capital reporting, regulatory changes such as risk based capital and IFRS, financial modelling (e.g. Prophet, AXIS, MoSes), M&A due diligence, Enterprise risk management or economic capital).Ideally you are bi-lingual in English and either Cantonese or Mandarin. You will want to be a consultant and aspire to have both technical excellence and outstanding consulting skills. You will have excellent technical skills and be passionate about making a difference to your clients, progressive in your thinking and willing to invest in your own career and develop in a supportive team environment.Make KPMG the clear choice for your career and be Extraordinary! We offer successful candidates an attractive remuneration package and the opportunity to work in a dynamic and exciting environment.

KPMG Advisory's non-life actuarial team in Hong Kong helps insurers set and execute their strategy, in addition to providing advice in core actuarial areas of capital management and financial reporting. For example, we get involved in business planning, market entry/exit transactions and risk management projects, often working in cross-functional teams. We use technology to maximise insights from and transform existing financial and regulatory reporting processes.Key ResponsibilitiesWe are looking for a non-life actuary to join our expanding team. Our agile working culture accelerates your development - both in terms of technical and stakeholder management skills.As part of the market-leading actuarial consulting team, you will gain access to a broad range of industry stakeholders and unique problems to solve. Being based in Hong Kong means you'll be exposed to growth driven by the liberalisation of the Greater China region, and also have the opportunity to support international clients with offices across Asia.Experience & Background<ul><li>A minimum of five years relevant actuarial experience in the non-life actuarial work; candidates with less experience and relevant qualifications will be considered for the position of Senior Consultant</li><li>Actuarial and risk management experience in general insurance firms highly preferred</li><li>Good progress with the professional actuarial exams</li><li>Excellent communication skills in both oral and written English and Chinese while proficiency in Mandarin is desirable</li><li>Self-starter with good analytical skills and a proactive approach to problem solving</li><li>Ability to multi-task, be flexible, meet tight deadlines and work under pressure</li><li>Experience in emerging technologies in data visualisation and/or data analysis is a plus</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>

About Swiss Re



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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. 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. 




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About the Role

1. Portfolio Management: actively participate and support the Korea Portfolio Management managers' responsibility in engaging with other internal partner functions (and with external clients) to perform effective management of L&amp;H's in-force portfolios.

2. Assist on inforce portfolio initiatives to actively manage inforce risk and increase value of the inforce. This includes for example:

<ol style="list-style-type:lower-alpha">
	<li>
	Performing portfolio deep dives to review treaty profitability and propose actions to improve treaty performance
	</li>
	<li>
	Complete quantitative experience analysis and valuation for recapture or non-contractual change on the inforce. 
	</li>
	<li>
	Driving key inforce initiatives within Swiss Re such as US GAAP initiatives, Portfolio Optimization, Customer Retention Management, IFRS 17 and other inforce solutions. 
	</li>
	<li>
	Reprice reviewable rate treaties or provide technical peer review support
	</li>
</ol>

3. Perform experience monitoring:

<ol style="list-style-type:lower-alpha">
	<li>
	Work on production of regular and ad hoc monitoring analysis, including claims, retention/lapse, and other.
	</li>
	<li>
	Highlight key observations and recommendations to assist on business steering and in-force management.
	</li>
	<li>
	Monitor treaty's rate review trigger or internal KPI to ensure timely action is taken when necessary.
	</li>
	<li>
	Identify early warning signals and managing portfolio risks such that proactive action can be taken to protect the value of the in-force and ensure its sustainability; Spot issue early and fix them. 
	</li>
</ol>

4. Support Group wide and local projects as required, including other priorities of the L&amp;H Business Management team.



About the Team

The Portfolio Management team forms part of the Business Management division in Swiss Re together with other units including Technical Accounting, Actuarial Management and Claims. The team has interdependent relationships with other units within the L&amp;H Business Management division and is required to foster a strong team culture in order to drive delivery of the overall divisional mandate.  



The mandate of the Portfolio Management team is to monitor, protect and maximize the shareholder value extracted from the in-force L&amp;H portfolio across its six markets in Asia: China, Japan, South Korea, South East Asia, Hong Kong &amp; Taiwan and India.



As part of a team of fifteen, this role reports to the Head L&amp;H Portfolio Management Asia and working closely with other senior team members. Whist this role will focus on Korea market, it also includes participation in regional initiatives and offer great exposure to leaders at the executive level, including frequent access to the Managing Director and Regional Head of the Business Management in Asia Pacific. In addition, the team works closely with other departments in Division Asia's L&amp;H Community, including Pricing, Finance, Transactions and Client markets.



About You

•    Good exam progress with a recognised Actuarial professional body. 
•    Minimum 4+ years of L&amp;H valuation or pricing experience in reinsurance or primary insurance 
•    Good technical knowledge in areas of liability portfolio management (e.g. experience analysis, product pricing and valuation, financial performance analysis). 
•    Working knowledge of US GAAP financial reporting and embedded valuation methods (e.g. MCEV, EEV, TEV), knowledge of IFRS 17 is a plus 
•    Strong analytical skills, good understanding of financial reporting process, actuarial models and data management 
•    Experience in regular experience monitoring and highlight/ investigate variance in experience and its root causes. 
•    Fundamental understanding of the Asian insurance and reinsurance industry, and knowledge of the main products and services offered by Swiss Re and its competitors would be a plus. 
•    Excellent interpersonal, communication and organisational skills 
•    Ability to liaise with various stakeholders on different in-force management initiatives. 
•    Ability to navigate ambiguity and work autonomously

•    Candidates with more experience will be considered as Senior Actuarial Analyst
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Keywords:   
Reference Code: 115341 


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