Actuarial Intern (2027 2H Internship)

Fubon Life Insurance (Hong Kong) Company Limited; Hong Kong; On-site; HKD 89,000 - 134,000; Full time

Job summary

Fubon Life Insurance (Hong Kong) Company Limited is seeking an Actuarial Intern to join the Actuarial Department for 2027 2H. This internship offers practical exposure across product implementation, pricing support, valuation, IFRS 17 reporting, HKRBC, reinsurance administration and model development.

The successful candidate will work with experienced actuaries, gain hands-on experience with actuarial software and data analysis, and may be considered for a permanent role after graduation,

Qualifications

• Undergraduates in years 2–4 studying actuarial or related fields.
• Strong analytical and problem-solving abilities.
• Proficiency in Excel; knowledge of Python, VBA or SQL is advantageous.

Responsibilities

• Assist in setup and testing of life administration and sales illustration systems.
• Perform user acceptance testing and validate actuarial calculations.
• Support preparation of special quotations and in-force policy illustrations.
• Assist in experience studies and review of non-guaranteed elements.
• Support monthly actuarial financial reporting under IFRS 17 and HKRBC.
• Assist in reinsurance administration and related calculations.
• Contribute to valuation processes, regulatory reporting and financial deliverables.
• Participate in actuarial model updates and testing.

Skills

Strong analytical skills

Excel

Python

VBA

SQL

Data analytics tools

Education

Actuarial Science/Maths related study (pursuing)

Risk Management

Mathematics/Statistics/Finance

Tools

Python

SQL

Excel

VBA

Job description

Actuarial Intern (Full-time or Part-time basis for 2027 2H)

We are seeking a motivated Actuarial Intern to join our Actuarial Department. This internship is designed to provide students with practical exposure to a broad range of actuarial functions within a life insurance business, including product implementation, pricing support, valuation, IFRS 17 reporting, HKRBC, reinsurance administration and actuarial model development. The successful candidate will work closely with experienced actuarial professionals and contribute to meaningful business deliverables in a dynamic and collaborative environment. Outstanding interns may be considered for permanent career opportunities upon graduation, subject to business needs, performance and job availability.

Key responsibilities

Assist in the setup, enhancement and testing of life administration systems and sales illustration systems.

Perform user acceptance testing and validate actuarial calculations against product specifications and business requirements.

Support the preparation of special quotations, in-force policy illustrations and related actuarial analysis.

Assist in experience studies and the review of non-guaranteed elements, including policyholder dividends and crediting interest rates.

Support monthly actuarial financial reporting and analysis under applicable reporting frameworks, including IFRS 17 and HKRBC.

Assist in reinsurance administration, including premium, recoverable and settlement calculations.

Support valuation processes, regulatory reporting and financial reporting deliverables.

Assist in actuarial model updates, model testing, assumption changes, new product coding and model control activities.

Participate in ad hoc actuarial projects and analysis as assigned by the team.

Learning Exposure

Broad exposure to key actuarial functions across pricing, valuation, IFRS 17, HKRBC, reinsurance, modelling, systems and financial reporting.

Hands-on experience in real business processes, actuarial analysis, system implementation and financial reporting activities.

Opportunities to understand how actuarial work supports product development, regulatory compliance, financial management and business decision-making.

Practical experience with actuarial software, data analysis, model testing and control processes.

Professional learning and guidance from experienced actuarial team members.

About you

Undergraduate student in Year 2 to Year 4 studying Actuarial Science, Risk Management, Mathematics, Statistics, Finance or a related discipline.

Strong analytical skills and interest in applying actuarial concepts in a life insurance business environment.

Proficiency in Microsoft Office, particularly Excel; knowledge of Python, VBA, SQL or other data analytics tools would be an advantage.

Detail-minded, responsible, self-motivated and willing to learn.

Good communication and interpersonal skills, with the ability to work independently and collaboratively.

Progress in actuarial examinations or prior internship experience in insurance, actuarial, finance or data analytics would be an advantage.

Good time management skills, with ability to prioritise tasks and deliver high quality work under tight timelines.

Fubon Life Insurance (Hong Kong) Company Limited ("Fubon Life Hong Kong"), a wholly owned subsidiary of Fubon Life Insurance, was authorized to conduct long term insurance business in Hong Kong in 2016. Through our strategic partnership with banks and independent financial advisors, we are committed to helping customers in protection and financial planning.

Our parent company, Fubon Life Taiwan is the second-largest life insurance company in Taiwan. It provides a full range of insurance and financial services through our insurance agency team, banks

Fubon Life Insurance (Hong Kong) Company Limited ("Fubon Life Hong Kong"), a wholly owned subsidiary of Fubon Life Insurance, was authorized to conduct long term insurance business in Hong Kong in 2016. Through our strategic partnership with banks and independent financial advisors, we are committed to helping customers in protection and financial planning.

Our parent company, Fubon Life Taiwan is the second-largest life insurance company in Taiwan. It provides a full range of insurance and financial services through our insurance agency team, banks