Assistant Manager, Actuarial Services - HSBC Life

HSBC; Singapore; On-site; SGD 70,000 - 100,000; Full time

Job summary

Join HSBC as an Assistant Manager, Actuarial Services in Singapore, where you'll play a key role in valuation, capital requirement calculations, and compliance with regulatory standards. This position offers a dynamic and innovative atmosphere that empowers professionals to achieve their full potential while delivering meaningful outcomes through a variety of life insurance products.

Qualifications

• Strong analytical skills and attention to detail in managing actuarial projects.
• Effective communication skills for liaising with internal teams and external consultants.
• Ability to work collaboratively in a fast-paced environment.

Responsibilities

• Assist in valuation and reporting for the Actuarial Department.
• Compute reserves and capital requirements for solvency monitoring.
• Support new product assessment and maintain Model Governance standards.

Skills

Analytical Skills

Communication

Team Collaboration

Education

Bachelor's degree in Actuarial Science or related field

Job description

Some careers open more doors than others.

If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support, and rewards that will take you further.

HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank.

Insurance is about people, and the promises they make. At HSBC Life in Singapore, we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our high-performing team members to build skills and explore new experiences to realize their full potential as part of HSBC.

We pursue efficient ways of working, harnessing the latest data and technology solutions to achieve meaningful outcomes for our clients. The protection we offer aims to create broad and lasting impact, helping clients to be healthier, more productive, and more confident in their futures.

We are currently seeking a high-caliber professional to join our team as an Assistant Manager, Actuarial Services.

Principal Responsibilities

In this role, you will:

• Provide assistance to the valuation and other reporting requirements in the Actuarial Department to support business needs.
• Support the computing of reserves and capital requirements for Risk-Based Capital (RBC2) solvency monitoring.
• Perform valuation projects assigned, which may involve solvency, balance sheet, and profit & loss management.
• Support new product assessment, including reserving/solvency bases review and valuation modelling requirements.
• Maintain local Model Governance standards as per HSBC guidelines.
• Work closely with the group office and external Actuarial consultants, ensuring adherence to HSBC guidelines and statutory regulations.