AIA Group

Pan-Asian life insurance provider

Actuarial Intern

Actuarial & Risk ModellingConfirmed live in the last 24 hours

InternshipHong KongNo salary listedIn-person

About the Job

Requirements

Be a university student majoring in Actuarial Science, Risk Management, Mathematics, Statistics, Insurance, or Finance, with a strong mathematics background.
Have good analytical and communication skills.
Have a good command of written and spoken English.
Be proficient in Microsoft Office. Knowledge of Prophet, Visual Basic for Applications, or another computer programming language is advantageous.

Responsibilities

Support day-to-day activities in a business area to gain practical knowledge of the area, the company, and the industry during a six-month internship.
Perform data analysis and generate product financials using spreadsheets and/or Prophet models.
Check information technology systems related to product administration.
Prepare data and calculations for experience and claim monitoring.
Calculate, extract, and check data for financial reports using spreadsheets and/or Prophet models.
Verify the valuation basis applied in financial models.
Support coding of new products and enhancements to spreadsheets and/or Prophet models.
Analyze and explain results.
Calculate, extract, and check data for stress-capital and economic-capital reporting using spreadsheets and/or Prophet models.
Support testing of financial strategies and analyze their implications for the company's capital position.
Perform controls and checks on spreadsheets and/or Prophet models to ensure consistent, high-quality results.

Desired Qualifications

Knowledge of Prophet, Visual Basic for Applications, or another computer programming language.

Bring your career aspirations to life with AIA!

Responsible for supporting the day-to-day activities of a particular area of the business 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 a 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

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

3) 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

The incumbent is required to obtain relevant license if the job involves in regulated activities

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

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.

About the Company

AIA Group

Pan-Asian life insurance provider

AIA Group provides life insurance and related financial protection across Asia. It sells life insurance, protection, and long-term savings products to individuals and groups, paying benefits and claims when needed. It differentiates itself with a pan-Asian footprint across 18 markets, long-standing customer and agent relationships, and a strong focus on environmental, social, and governance practices. Its goal is to be a leader in ESG while helping millions live Healthier, Longer, Better Lives and creating long-term value for stakeholders.

Company size: 10,001+
Company stage: Not listed
Total funding: $618.7M
Headquarters: Central and Western District, Hong Kong
Founded: Not listed

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