Senior Associate, Valuation

Full-time
Intermediate (3-6 years)

Posted 

Technical Skills

  • Accountancy
  • Analytics
  • Business Plans
  • Compliance
  • Financial Reporting
  • Forecasting
  • IFRS
  • Life Insurance
  • Microsoft Access
  • Microsoft Excel
  • Risk Management
  • Sarbanes-Oxley
  • US GAAP
  • Valuation

Job Description

Senior Associate, Valuation

Location: Hong Kong-Hong Kong Island-Wanchai

The position will work closely with Manager, Valuation. He/ She is responsible for matters related to actuarial valuation.  Also, it is ensured that Cigna HK complies with all local statutory requirement as well as Cigna internal guidelines on actuarial reserving basis, financial reporting and risk management. This individual is a key player in the valuation team to support BAU and IFRS17 related tasks.

Job Responsibilities:

  • Participate in main actuarial tasks such as actuarial reserving processes under HK statutory and US GAAP basis, VNB & EV calculation and analysis, financial projection and analysis of business plan, DAC recoverability testing, dynamic solvency testing, and asset liability cash flow testing
  • Prepare monthly financial results, and provide analysis on financial variance in Monthly Operating Report and financial projection of business plan
  • Participate in the preparation of IFRS17 new financial reporting standard
  • Prepare the Quantitative Impact Study of Risk Based Capital 
  • Participate in the assumptions setting for actuarial reserving and financial projection
  • Participate in all the valuation processes to ensure compliance with local regulatory regimes, company internal guidelines and SOX requirement
  • Enhance and streamline valuation model and workflow   

Qualifications

  • Bachelor degree in Actuarial Science or related discipline
  • ASA with minimum 3 years of actuarial experience in life insurance industry
  • Strong knowledge in Hong Kong Statutory, USGAAP and IFRS accounting standard
  • Excellent analytical skill with strong PC skills and knowledge of EXCEL and ACCESS
  • Experienced in using of Actuarial software (use of Prophet a plus)
  • Good communication and interpersonal skill with good command of both English and Chinese
  • Able to work under pressure and think independently
  • Candidates with less experience will be considered for the role of Executive, Valuation
Employment TypeFull-time
Career LevelIntermediate (3-6 years)
Education LevelNon-specified
LanguageEnglish, Cantonese
Cigna Worldwide Life Insurance CoInsurance and Reinsurance

28 Hennessy Road, Wan Chai, Hong Kong

directions_walk7 mins walk from Wan Chai Station