Senior Actuarial Analyst/Actuarial Analyst - Project job in Hong Kong

Hong Kong Sun Life Financial Inc.

Job Ref:	JR00081518
Employer:	Sun Life Financial Inc.
Sector:	Life Insurance Investment Professional/Financial Services
Qualifications:	Part Qualified Actuary
Software:	Prophet
Job Type:	Full Time
Salary and Benefits:	Competitive
Remote:	No
Location
Country:	Hong Kong
City:	Hong Kong
Post Code:	Not specified
Map:	(Show on map)
Description
You are as unique as your background, experience and point of view. Here, you'll be encouraged, empowered and challenged to be your best self. You'll work with dynamic colleagues - experts in their fields - who are eager to share their knowledge with you. Your leaders will inspire and help you reach your potential and soar to new heights. Every day, you'll have new and exciting opportunities to make life brighter for our Clients - who are at the heart of everything we do. Discover how you can make a difference in the lives of individuals, families and communities around the world. Job Description: Role Summary Under the current fast-changing modern world, actuaries are getting more involved in non-traditional areas like ad-hoc project work, financial and Key Performance Indicators (KPIs) management, and process efficiency improvement, on top of traditional actuarial reporting and pricing tasks. In this role, you will work with the team to proactively generate innovative ideas and solutions to improve financial and business outcomes, as well as to look out for potential areas for improvement in the current actuarial process and make recommendations to create positive changes. In addition, you will also be providing modelling support to other actuarial team to ensure the model used is up-to-date and consistent among various teams. Job Responsibilities Process improvement for valuation and other Actuarial BAU processes Work closely with the valuation team to enhance the IFRS 17 BAU reporting process and analytics for improving the efficiency and automation of the valuation process, including (but not limited to) the non-system liabilities calculation, liability movement analysis, drivers of earnings, CSM roll-forward, etc. Review the existing control built in the IFRS 17 valuation process, identify areas of improvement, and work closely with the valuation team to implement the control enhancement. Identify areas for improvement and enhance the efficiency and automation for other key Actuarial BAU process (e.g., experience studies, business planning, etc.). Financial optimization Understand the drivers behind key financial reporting metrics (e.g., IFRS 17 earnings and CSM, Value of New Business, etc.) and assist the senior manager / team head to design innovative ideas and solutions to optimize these metrics. Assist the senior manager / team head to work closely with relevant Business-as-Usual (BAU) teams to set out clear timetable and implement the identified financial optimization initiatives. Present the outcomes of various financial optimization initiatives in a clear and concise manner to senior manager / team head. Modelling support to other teams Provide support in actuarial model maintenance including new product implementation, regular assumption update and modelling enhancement. Liaise with central modelling team in Corporate to ensure model changes are implemented according to the agreed timeline and priority, with proper testing and documentation. Coordinate with BAU teams to ensure the consistency of different actuarial models used for various purposes. Support other BAU teams in performing actuarial model validation work, and ensure the findings and recommendation are executed by the relevant parties within the agreed timeframe. Other BAU and Project support on needs basis Provide ad-hoc support other BAU teams as needed (e.g., annual business planning; quarter-end valuation, etc.) Provide ad-hoc projects support to the Chief Actuary Job Requirements Degree in Actuarial Science or any related disciplines Good progress in actuarial exams At least 4 years of working experience within life insurance industry, preferably in valuation area. Candidates with less experience would be considered as Actuarial Analyst. Strong technical, analytical and problem-solving skills, with good attention to details Demonstrate initiative, commitment, and high level of creativity for proposing recommendations for improving current process pro-actively Good work planning and time management skills with ability to manage multiple priorities and deadlines Take ownership of tasks assigned, and able to work independently Excellent verbal and written communication skills on both English and Chinese Experience in IFRS 17 / HKRBC / HK-specific Par management are added advantages Experience in Actuarial software such as AXIS and/or Prophet ALS an advantage Excellent verbal and written communication skills on both English and Chinese We offer 5-day work, attractive salary, MPF, group life and group medical insurance; and excellent career development opportunities to the right candidate. We are an equal opportunity employer and welcome applications from all qualified candidates. Application forms and resume will be kept for a period of 24 months after completion of the recruitment process. (All information will be held in strict confidence and only be used for recruitment purpose). Job Category: Actuarial Posting End Date: 03/06/2024

ref: (JR00081518) 6 days ago

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Senior Actuarial Analyst/Actuarial Analyst - Project job in Hong Kong

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