At AIA we’ve started an exciting movement to create a healthier, more sustainable future for everyone.
It’s about finding new ways to not only better people's lives, but to better the communities and environments we live in. We need great Actuaries who want to be part of something bigger than finance alone. Because the better we can nurture our financial wellbeing as an organisation, the better we can support and make a difference for our customers when they need us most. By ensuring our products are well designed and priced, analysing business performance and ensuring proper management of insurance policies in-force, you’re not just safeguarding AIA’s financial wellbeing. You’re securing a better future for the people and communities we serve - today, tomorrow and for generations to come.
If that interests you, read on.
About the Role
Responsible for providing assistance to Reinsurance Manager covering in the timely and accurate preparation and analysis of Reinsurance items in the financial reports and projections and providing overall support for reinsurance administration and management covering AIA Group* Assist in generating monthly reinsurance financial projections and accurate valuation reports for IFRS, STAT and EBS (Bermuda Basis) reporting with the latter being prepared in behalf of AIA Re.
* Assist in performing quarterly valuation control checks and variance analysis to AIA Re for each individual treaty and ensure detailed expanded reporting needed for its coinsurance arrangements.
* Prepare timely statements and ensure liability accruals are made for both internal and external reinsurers. This includes timely submission to insurance regulators at specific intervals of the required reinsurance templates and data.
* Assist in preparing control evidences for Internal and External Auditor for reinsurance related audits pertaining to valuation and/or pricing
* Performs other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements.
Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives.
You must provide all requested information, including Personal Data, to be considered for this career opportunity. Failure to provide such information may influence the processing and outcome of your application. You are responsible for ensuring that the information you submit is accurate and up-to-date.
Skills Required
- Experience preparing reinsurance financial projections and valuation reports for IFRS, STAT and EBS (Bermuda Basis).
- Experience performing valuation control checks and variance analysis for individual treaties and coinsurance arrangements.
- Ability to prepare timely liability accruals and submit required reinsurance templates/data to regulators.
- Experience preparing control evidence for internal and external audits related to reinsurance valuation or pricing.
- Ability to generate accurate monthly reinsurance financial projections and valuation reports for multiple reporting bases.
- Strong attention to detail and ability to perform ad hoc duties assigned by supervisor to meet operational requirements.
What We Do
AIA Group Limited is a multinational insurance and financial services corporation headquartered in Hong Kong, providing life insurance, savings, and health protection products across the Asia-Pacific region.
