Job Description: 

We are building a dynamic and innovative Valuation Solutions Architect team to bridge our strategy and operational teams. This role works in this squad of actuaries / actuarial students who are pivotal in linking experts who propose financial improvements and risk reduction initiatives with those responsible for day-to-day financial / valuation reporting. The successful candidate will prototype, design, and suggest valuation implementation solutions to ensure these strategic initiatives are accurately reflected in our reporting practices.

This role expects the individual to work closely in a team of 2-3 to support more senior actuaries to deliver the following:

1. Valuation Solution Design and Implementation

• Actively drive the valuation solution design and implementation by heavily engaging both the initiative teams (such as Financial Optimization, ALM, Pricing, and teams in Group / Regional offices) and the reporting teams (primarily IFRS17 and the supporting teams behind such as VSSC, RP&C and GABS, but may include teams for other bases of actuarial valuation).

• Ensure alignment between proposed financial improvements and existing reporting structures by developing a thorough understanding of requirements on both sides.

• For solutions proposed by initiative teams, conduct / coordinate feasibility studies and impact assessments to validate solutions financially and operationally.

• Provide and execute detailed implementation plans to the reporting teams; support the transition of prototypes into live reporting systems.

• Ensure all proposed and implemented solutions comply with relevant financial regulations and internal valuation standards.

2. Continuous Development and Improvement

• Drive initiatives to meaningfully shorten valuation processes through developing a thorough understanding of the current processes and their shortcomings, and design and implement solutions (e.g. simplify and shorten sub-processes, develop simplified methods) that are both operationally feasible and audit friendly. This would likely involve working with multiple teams across Group / Segment / local BU levels and influence their way of working.

• Cooperate with development teams worldwide to support development of reporting tools e.g. local adoption of globally consistent reporting software and processes, enhancements to stochastic reserve calculators, reinsurance treaty calculators, etc.

• Enhance insights drawn from financial analysis by developing conceptual frameworks and work tools that aid executives and the reporting teams to improve the understanding of reported financials, and to improve future financial forecasts.

3. Knowledge Management and Training

• Develop comprehensive documentation and training materials for new methodologies and processes.

• Conduct training sessions to ensure knowledge transfer / retention and skill development.

• Develop architecture of knowledge management system to enable the wider reporting teams to capture and develop complex financial reporting knowledge.

• Foster a culture of continuous learning and improvement within the teams.

Job Requirements: 

• Degree holder with reasonable progress towards attainment of professional actuarial qualifications.

• 2 - 4 years of relevant working experience in insurance industry. Candidates with less experience may be considered Actuarial Analyst.

• Solid actuarial knowledge and experience in valuation, financial reporting, and/or product pricing.  Experience in IFRS 17, HKRBC solvency reporting and/or EV/NBV reporting under HKRBC in / for a direct life insurer is a plus.

• Strong analytical and problem-solving skills with demonstrated ability to work with complex financial issues and concepts, paying attention to details and innovating solutions along.

• Strong technical / modeling skills, knowledge or experience in Microsoft Access, VBA, Python, PowerBI, Qlik and/or AXIS is an asset.

• Both an effective individual contributor and team player, and able to deliver results under pressure and deadlines.

• Good communication and relationship skills.

• Effective command of English, both spoken and written.

*This position is part of the opportunities available at our GBA Event. Attend the event to connect with hiring managers and explore your next career move.