2027 Actuarial Intern

aia; Hong Kong; On-site; HKD 89,000 - 156,000; Part time

Job summary

AIA Hong Kong offers an actuarial internship to undergraduate students, providing a unique 6-month experience across multiple actuarial functions within the company. You will be involved in product development, reporting, capital management, and capital planning activities.

The role emphasizes learning practical knowledge of the business, with opportunities to work on data analysis, financial modelling (Prophet), and Excel-based tasks while developing technical and communication skills in a

Qualifications

• University students major in Actuarial Science, Risk Management, Mathematics, Statistics, Insurance or Finance with strong mathematics background.
• Good analytical and communication skills.
• Good command of written and spoken English.
• Proficiency in Microsoft Office; knowledge of Prophet or VBA is an advantage.

Responsibilities

• Actuarial Department - Product Development: develop new products, review performance, and operational experience; perform data analysis and generate product financials using spreadsheets and Prophet models; check IT systems related to product administration; prepare data for experience/claim monitoring.
• Actuarial Department - Reporting: shareholder and regulatory reporting, projections & forecasts; prepare data extraction for financial reports; verify calculations in financial models; perform analysis and explain results; handle ad-hoc projects.
• Capital Management Department: perform risk-based analyses to support capital strategy; calculate and extract data for stress/economic capital reporting using Prophet models; ensure model result quality and consistency.
• Capital Planning & Optimisation: perform stochastic analyses to support financial strategies; run sensitivity analyses on capital positions; test financial strategies and assess implications on capital.

Skills

Analytical skills

Communication skills

English proficiency

MS Office

Education

Actuarial Science / Risk Management / Mathematics / Statistics / Insurance / Finance (university student)

Tools

Prophet

VBA

Job description

About the Role

Responsible for supporting the day-to-day activities of a particular area on either full-time or part-time basis, with the aim of learning practical knowledge of the business area, the company and the industry

The Actuarial Department of AIA Hong Kong consists of various functions. As an actuarial intern, you will have an unique 6-month experience to expose into different functions/sections during the internship period.

Key Responsibilities:

1) Actuarial Department - Product Development

• Main function of the product team would be to develop new products, review existing product performance and actual operational experience.
• Performing data analysis and generate product financials through the use of spreadsheet and/or Prophet models
• Checking on IT systems related to product administration
• Preparing data and calculation for experience/claim monitoring

2) Actuarial Department - Reporting

• Reporting Team is responsible for providing the shareholder reporting, regulatory reporting, business projections & forecast and projects & initiatives.
• The Department is further divided into different sections for different valuation basis, which would be used for internal management and external disclosure purpose.
• Performing the calculation and data extraction for financial report to assist the regular reporting process.
• Verification of the calculation in the financial models under different reporting basis
• Performing analysis and explanation of results
• Handle ad-hoc projects and other duties as required

3) Capital Management Department

• The team performs different risk-based analysis to support business strategies' formulation from capital preceptive.
• Perform the calculation, data extraction and checking for stress capital/economic capital reporting by using Prophet models
• Perform control and checking on the Prophet models to ensure the result consistency and quality

4) Capital Planning & Optimisation

• The team performs various stochastic analysis to support the formulation of financial strategies from capital preceptive.
• Perform sensitivity runs on the capital positions under economical basis through the use of spreadsheet to understand the key risk drivers on capital
• Support the testing of various financial strategies and analyzing the implication on capital position of the company

Minimum Job Requirements:

• University students major in Actuarial Science, Risk Management, Mathematics, Statistics, Insurance or Finance with strong mathematics background
• Good analytical and communication skills
• Good command of written and spoken English
• Proficiency in Microsoft Office, knowledge of Prophet, Visual Basic for Applications (VBA) or other computer programming language is an advantage

Others:

• You are required to obtain relevant license if your job involves in regulated activities

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