Actuarial Analyst

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If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC is one of the largest banking and financial services organisations in the world, with operations in 64 countries and territories. We aim to be where the growth is, enabling businesses to thrive and economies to prosper, and, ultimately, helping people to fulfil their hopes and realise their ambitions.

We are currently seeking an experienced professional to join our team in the role of Actuarial Analyst.

Principal responsibilities

• To support the manager in delivering one or more actuarial functions for the Group’s insurance entities in Hong Kong and other Asian countries, including:
• Carrying out the end-to-end process from data preparation, defining assumptions, model set up, model execution, results review, result analysis and result submissions.
• Producing monthly, quarterly and annual reporting of insurance entity results under IFRS17 and other MI information under other reporting basis (e.g. Embedded value)
• Carry out Risk Based Capital (RBC) and Economic Capital (EC) valuations including quarterly results production, stress/sensitivity testing and movement analysis.
• Ensure timely and accurate business forecast and regulatory submission.
• Carrying out experience investigations.
• Ensure that the financial reporting work is compliance with the internal and external audit requirements.
• Maintain a robust control structure, governance, and documentation standards.
• Provide technical support to junior staff in the team.

Requirements

• Qualified / nearly qualified actuary with a recognised professional body (SOA, IFoA, etc.).
• Degree holder in Actuarial Science or equivalent with a strong technical insurance background.
• Significant insurance experience within relevant areas such as business partnering, IFRS17 reporting and/or system development.
• Possess strong technical knowledge on planning and forecasting. Candidates with experience in life insurance products will be preferred.
• Strong understanding of insurance products, business models, actuarial concepts, modelling techniques, and regulatory regimes such as (Risk Based Capital).
• Experience of python development for insurance valuation process is an advantage
• Experience of managing actual valuation or modelling projects and delivering against agreed timelines.
• Strong communication skills with fluency in spoken and written English.

Candidate with less relevant experience or skills may be offered a lower Global Career Band than stated above.

Due to the urgent hiring need, candidates with immediate right to work locally and no relocation need will be prioritised.

You’ll achieve more when you join HSBC.

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