Actuary Manager

4 days ago


Hong Kong, Central and Western District, Hong Kong SAR China HSBC Full time

Some careers have more impact than others.

If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Insurance is about people, and the promises they make. At HSBC Life we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific Region.

Our Employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we pursue efficient ways of working. We harness the latest data and technology solutions to achieve meaningful outcomes for our clients. The protection we offer creates broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as an Actuary Manager.

Principal Responsibilities

  • General Insurance Regulatory Capital & RBC Reporting
    • Ensure alignment of RBC calculations with regulatory requirements
    • Validate RBC assumptions and perform stress-testing to assess capital adequacy
  • Reserving & Financial Model Setup
    • Develop and implement the reserving model for medical insurance business
    • Perform adequacy testing to ensure compliance with actuarial and regulatory standards
    • Establish best estimate liability assumptions and validate reserving methodologies
    • Set up reporting templates for loss reserves, IBNR, and other liabilities
  • Coordination with External Auditors & Consultants
    • Serve as the key contact person for coordinating with external auditors on financial and regulatory reporting
    • Support external validation of financial models and assumptions
  • Regulatory & Compliance Support
    • Ensure compliance with internal and regulatory requirements for financial and risk reporting
  • Stakeholder Engagement & Communication
    • Present financial and regulatory considerations to senior management and board members
    • Ensure alignment between actuarial projections, financial reporting, and regulatory filings
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