Senior Actuarial Associate/Assistant Manager/Manager, Economic Capital

4 months ago

Shanghai, China AIA Group Ltd Full time
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

Prepare and deliver the discount rates and economic scenarios for regular and ad hoc reporting across the Group (including BUs)

Maintain and enhance GIECA and ICS production tools to strengthen the production validation and controls

Roles and responsibilities

Discount rate
  • Collect and review the required market inputs from business units and market information
  • Prepare and deliver the discount rate across all reporting bases including but not limited to IFRS17, GIECA, ICS and Bermuda according to the agreed reporting timeline (regularly and adhoc)
  • Maintain the architecture for the production of discount rate curves from the market data, to model development and calibration.
  • Response to any queries raise by the stakeholders
  • Ensure compliance with the EUT and control requirements.


Economic Scenarios
  • Collect and review the required market inputs from business units and market information
  • Conduct the seed test and support convergence testing on a regular basis
  • Prepare and deliver the economic scenarios for all reporting bases including but not limited to IFRS17, GIECA, ICS, HKRBC and Bermuda according to the agreed reporting timeline (regularly and adhoc)
  • Maintain the architecture for the production of economic scenarios from the market data, to model development and calibration.
  • Response to any queries raise by the stakeholders
  • Ensure compliance with the EUT and control requirements.


GIECA & ICS
  • Maintain, enhance and ensure the robustness of the GIECA and ICS templates for reporting use that meet the latest methodology and regulatory requirements.
  • Prioritise the necessary request in template developments from BUs and coordinate the UAT with BUs
  • Response to any queries raise by the stakeholders
  • Ensure compliance with internal control requirements and support review from auditors


Minimum job requirements
  • University graduate with minimum 2/4/6 years of relevant actuarial experience
  • Solid experience and knowledge in economic capital reporting such as Economic Capital, HKRBC, Solvency II, IFRS17
  • Good leadership, project management and communication skills
  • Good written and verbal English skills. Good written and verbal Chinese skills are an advantage
  • Proficiency in MS Office
  • Experience in generation of economic scenarios (use of Moody's Analytics tool is bonus)


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.

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