Actuarial Intern - Insurance

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The Programme 

The Actuarial Department and Capital Management Department of AIA Hong Kong consists of various functions.  
 
As an actuarial intern, you will have a unique 6-month experience to expose into different functions/sections during the internship period 
 
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 generating product financials through the use of spreadsheets and/or Prophet models. 
  • Checking on IT systems related to product administration.
  • Preparing data and calculation for experience/claim monitoring. 

Actuarial Department –Reporting: 

This function is further divided into different sections for reporting under different valuation basis. This function prepares financial reports and projections for both external and internal use: 

  • Performing the calculation, data extraction and checking for financial report through the use of spreadsheet and/or Prophet models. 
  • Verification of valuation basis applied in the financial models. 
  • Supporting coding of new products and enhancements of the spreadsheet and/or Prophet models.
  • Performing analysis and explanation of results. 

Capital Management Department: 

  • The team performs various stochastic and risk-based analysis to support the formulation of business and financial strategies from capital preceptive: 
  • Perform the calculation, data extraction and checking for stress capital/economic capital reporting through the use of spreadsheet and/or Prophet models. 
  • Support the testing of various financial strategies and analyzing the implication on capital position of the company.
  • Perform control and checking on the spreadsheet and/or Prophet models to ensure the result consistency and quality. 

Required Skills and Abilities 

  • 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 languages is an advantage.

Others: 

You are required to acquire the relevant license(s) if your job involves regulated activities 
 
FIND YOUR 'BETTER' AT AIA 
 
We don’t simply believe in being ‘The Best’. We believe in better - because there’s no limit to how far ‘better’ can take us. 
 
We believe in empowering every one of our people to find their 'better' - in the work they do, the career they build, the life they live and the difference they make. So that together we can support even more people - including our own - to live Healthier, Longer, Better Lives. 
 
If you believe in better, we’d love to hear from you. 
 
Build a career with us as we help our customers and the community live Healthier, Longer, Better Lives. 
 
About Us: 
 
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group.  
 
It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 26 per cent joint venture in India and a representative office in Myanmar and Cambodia.  

Closed 4 months ago
Closed 4 months ago
  • Job type:Internships
  • Disciplines:
    Actuarial Studies, Insurance
  • Citizenships:
  • Locations:
    Hong Kong
  • Closing Date:30th Mar 2024, 6:00 pm

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