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 is a world-class institution where 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 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 team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

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

We are currently seeking a high calibre professional to join our team as an Actuarial Manager.

Principal Responsibilities

Leadership & Team Management

  • Lead, mentor, and develop a team of actuarial analysts, ensuring high-quality output and professional growth
  • Review and validate the work of Senior Actuarial Analysts, ensuring actuarial models, reports, and calculations meet professional and regulatory standards
  • Provide technical guidance and coaching to junior team members on actuarial methodologies, IFRS 17, and financial reporting practices
  • Manage workflow and resource allocation within the team to ensure timely delivery of key financial and regulatory reports

 Financial Reporting & Reserving

  • Oversee actuarial reserving processes, including best estimate liability calculations, risk adjustment, and contractual service margin (CSM) computations under IFRS 17
  • Ensure accurate and timely quarterly and annual reserving, financial statement disclosures, and regulatory submissions
  • Review and enhance actuarial models used for financial reporting, ensuring they align with best practices and industry developments
  • Collaborate with finance teams to align actuarial outputs with accounting and financial reporting standards

Risk Management & Business Support

  • Support assumption setting, experience analysis, and stress testing for financial planning and risk management
  • Review actuarial risk assessments and provide insights to senior management on financial and strategic decision-making
  • Oversee reinsurance analysis and its impact on IFRS 17 financial statements
  • Provide actuarial insights into business planning, profitability analysis, and capital management strategies
  • Provide support to ongoing projects related to the risk and control framework
Requirements

Skills

  • Fully qualified actuary (e.g., FIA, FSA, FCAS, or equivalent) or near-qualified with significant experience
  • Experience with actuarial modelling software (e.g., Prophet, Moses, RAFM) and proficiency in Excel, VBA, SQL, Python, or R
  • Strong analytical and problem-solving skills with attention to detail
  • Excellent communication and stakeholder management skills, with the ability to explain complex actuarial concepts to non-actuaries

Requirements

  • Hands-on experience with IFRS 17 implementation, cash flow modelling, and risk adjustment methodologies
  • Experience in financial reporting automation and improving actuarial processes
  • Knowledge of reinsurance structures and their financial reporting impact
  • Actuarial experience, K54with a strong background in financial reporting, reserving, and IFRS 17
  • Proven experience in reviewing actuarial work and leading actuarial teams
  • Strong technical knowledge of IFRS 17, regulatory frameworks, and financial reporting frameworks

You’ll achieve more when you join HSBC.

www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited

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