Actuarial Specialist / Actuarial Analyst
John Hancock Manulife
Description
The Hong Kong Corporate Actuarial acts as financial management hub, providing professional advices and services to senior management in the state-of-the-art actuarial areas across IFRS17 valuation reporting and analysis, Hong Kong RBC capital valuation and management, financial planning and forecasting, participating business and reinsurance management, as well as statutory financial reporting duties to the regulators.
The objectives of this Valuation Solution Architect (“VSA”) role are:
Support business initiatives amid the sophistication in modern actuarial valuation. Implement valuation solution in an analytics friendly, efficient and sustainable manner. As chief actuary’s delegate in certain cross-team actuarial projects.
Position Responsibilities:
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.
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.
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.
Required Qualifications:
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.
When you join our team:
We’ll empower you to learn and grow the career you want.
We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
As part of our global team, we’ll support you in shaping the future you want to see.
About Manulife and John Hancock
Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.
Manulife is an Equal Opportunity Employer
At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.
It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.
Working Arrangement