Regulatory Reporting, Specialist

AIA Hong Kong; Hong Kong; On-site; HKD 600,000 - 980,000; Full time

Job summary

AIA Hong Kong is seeking an experienced Actuary to manage the regular financial closing, analysis and Macau statutory reporting, as well as internal and regulatory filings. You will support senior management with reporting, and drive actuarial initiatives including Alteryx and Python tooling for capital framework readiness.

The role requires 4+ years in life insurance, strong communication, and proficiency in actuarial software.

Qualifications

• Bachelor's degree in Actuarial Science or related field, with strong actuarial foundation.
• Progression through actuarial exams and professional qualifications is preferred.
• Solid knowledge of regulatory filing, statutory reporting and internal controls.

Responsibilities

• Perform regular financial closing, valuation, and analysis for Macau statutory and internal reporting.
• Support senior management with regulatory filings and management reporting.
• Develop tools (Excel/Alteryx/Python) to support capital planning and model readiness.
• Coordinate with modelling teams to ensure actuarial systems readiness.
• Ensure governance and compliance with regulations and internal policies.
• Contribute to projects on risk-based capital framework and other actuarial initiatives.

Skills

Actuarial analysis

Regulatory reporting

MS Office

Communication

Project management

Education

Bachelor's in Actuarial Science

Life Insurance experience

Tools

Prophet

MS Office

Alteryx

Job description

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

Manage the business-as-usual regular financial closing & analysis for Macau statutory reporting to regulator/ AIA internal economic capital reporting/ International Capital Standard reporting/ internal reinsurance reporting under HNW basis and ensure proper governance & compliance with regulations and internal policies on valuation.

In addition, to provide management support on senior management reporting and regulatory filing & analysis.

Moreover, it is expected to manage other initiatives and projects. One of key focuses is to prepare for Macau risk-based capital framework by developing excel/ Alteryx/ python tools, and working with modelling teams for actuarial systems readiness.

This role contributes to the delivery of customer outcomes that are reliable, thoughtful, and create meaningful impact for customers and society. The role holder is expected to embed a customer first mindset in all decisions and actions by developing a clear understanding of customer needs, taking end to end ownership to resolve issues, and working collaboratively across teams to continuously enhance the customer journey—both directly and indirectly.

Roles and Responsibilities

• Regular Financial Closing (Valuation, Control, Analysis) – Manage (i) reserve and capital requirement calculation follow the internal time schedule; (ii) Ensure proper control is implemented and demonstrate to meet internal control requirement; (iii) Perform analysis on reserves, capital requirement and solvency to explain the dynamics with market / demographics / business strategy and take necessary actions.
• Senior Management Reporting – Prepare materials to provide insightful information about latest development on statutory valuation and regulatory related for different senior management committee / meeting including FRC, QBR, AC and ALCO.
• Audit management – Prepare audit materials follow the audit time schedule and ensure proper documents are shared with auditors.
• Governance & Compliance – Ensure proper valuation governance and compliance with regulations / internal policy and standards.
• Monthly / Quarterly / Annual Regulatory Filing – Provide management support to regulatory filing & analysis.
• Actuarial Initiatives / Project – Manage the tasks as assigned including impact assessment of changes in assumptions, methodologies and models.

Minimum Job Requirements

• University / College graduate in Actuarial Science, Mathematics and Statistics, Business Administration or related subject with at least 4 years’ experience in life insurance industry.
• Good progression in Actuarial professional examination
• Good people management and analytical skills.
• Strong communication and presentation skills.
• Ability to deal with and handle multiple priorities.
• Solid experience and knowledge in insurance product, corporate actuarial work, statutory basis reporting & regulatory filing.
• Proficiency in MS Office. Knowledge in Actuarial Software, e.g. Prophet is an advantage.
• The incumbent is required to obtain relevant license if the job involves in regulated activities.

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.