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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. A new team is therefore created within the actuarial department to support the Sun Life Hong Kong (SLHK) Chief Actuary in these areas. In particular, the team will proactively generate innovative ideas and solutions to improve financial and business outcomes, covering all Sun Life metrics; the team is also expected to look out for potential areas for improvement in the current process and make recommendations to create positive changes; furthermore, the team will support the wider actuarial team on modelling related matters, as well as other special projects / ad-hoc assigned tasks to ensure the completion of key SLHK actuarial deliverables in a timely and quality manner.

Job Responsibilities

Financial management & optimization

Understand the drivers behind all key financial reporting metrics (e.g., IFRS 17 earnings and CSM, HK Risk Based Capital, Value of New Business, etc.), and continuously look for and design innovative ideas and solutions to further optimize these metrics.

Assist the team to work with relevant Business-as-Usual (BAU) teammates to set out clear timetable to deliver the identified improvement in financial outcome.

Maintain close working relationship and network with different stakeholder within the actuarial teams, other departments (e.g., Product, Finance, Channel, etc.), Asia Regional Office and Corporate Office to efficiently deliver all expected project outcome.

Present the outcomes of various improvement initiatives in a clear and concise manner to Team Head and management team.

Process improvement, quality assurance & governance

Identify areas for improvement and enhance the efficiency for different BAU process (e.g., valuation, experience studies, business planning, etc.).

Work closely with the reporting team to enhance the IFRS 17 BAU reporting process, including (but not limited to) the non-system liabilities calculation, liability movement analysis, enhancing controls in valuation process, etc.  

Support on the liaison with Asia Regional Office and Corporate Office actuarial Team on valuation issues (e.g., internal and external audits).

Modelling support to other teams

Support other BAU teams in performing actuarial model validation work, and ensure the findings and recommendation are executed by the relevant parties

Support other BAU teams in managing and addressing actuarial modelling related issues, including liaising with the central modelling team in Corporate

Other BAU and Project support on needs basis

Support other BAU teams as needed during peak seasons (e.g., dividend/bonus review work for Par management team; annual business planning; quarter-end valuation work, etc.)

Coordinate the production of key actuarial reports as needed, including Appointed Actuary Report, Experience Studies, 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

Possess at least 2 years of working experience within life insurance industry, fresh graduates with AXIS modelling/ relevant internship experience would also be considered.

Technically solid with solid relevant experience in working on the key actuarial and financial metrics

Demonstrate initiative, commitment, and high level of creativity for proposing recommendations for improving current processes pro-actively

Excellent verbal and written communication skills

Good planning and project management skills

Can work independently and in an agile manner with minimal supervision

Experience in IFRS 17 / HKRBC / HK-specific Par management are added advantages

Experience in AXIS and/or Prophet ALS an advantage

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).

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