Insurance Expert for General Insurance Regulatory Capital
7 days ago
At HSBC, we are dedicated to delivering on the promises we make to our clients. Our Insurance business is focused on providing life insurance products and services to individuals in the Asia-Pacific Region.
We empower our teams of skilled professionals to develop their expertise and explore new experiences within a dynamic and innovative work environment.
We leverage data and technology solutions to achieve meaningful outcomes for our clients, creating a lasting impact that helps them build a secure and confident future.
About the RoleWe are seeking an experienced professional to join our team as an Actuary Manager.
Key Responsibilities- General Insurance Regulatory Capital & RBC Reporting:
- Align RBC calculations with regulatory requirements and ensure compliance.
- 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, ensuring accurate liability assumptions.
- 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 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.
We offer a world-class work environment where you can specialize in Insurance while being part of a leading global bank.
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