Assistant Actuarial Manager - Valuation

Job Purpose

• Support the Actuarial function through ownership of actuarial reserving, financial and regulatory reporting, and capital management activities.
• Contribute to forecasting and business planning processes, claims analytics, and reinsurance management to support informed business decision-making.
• Support the Actuarial Director in developing a high-performing Technical Actuarial team with strong technical expertise, commercial understanding, and delivery excellence.
• Drive continuous improvement in actuarial processes, systems, governance, and reporting capabilities.

Responsibilities

1. Reserving, Capital and Reporting

• Perform experience monitoring, trend analysis, and actuarial investigations, and provide insights and recommendations to management.
• Support the preparation and review of IFRS, HKRBC and UK Solvency II actuarial reporting requirements.
• Assist in preparation and presentation of actuarial reports and papers to Group, regulators, Board, Audit and Risk committees, including Actuarial Review Report required under GL9.
• Support reserving governance and oversight activities, including reserve reviews, methodology enhancements, model development, and assumption setting.
• Assist in reinsurance monitoring, review and reporting activities
• Assist in determining the target capital and dividend guideline.
• Conduct claims, lapse, expense, and other experience investigations.
• Support the development, enhancement, and automation of actuarial models, reporting processes, and financial reporting systems.

2. Data Quality and Compliance

• Ensure compliance with internal governance standards, Group policies, and regulatory requirements.
• Maintain high standards of data governance, including data quality, completeness, accuracy, traceability, and documentation.
• Support actuarial audit, validation, and control activities to strengthen the overall control environment.

3. System & Transformation

• Support the Actuarial Transformation Program for Bupa HK
• Maintain systems and work with Data team to ensure data quality

4. People

• Assist in developing and managing a high performing technical actuarial team with capacity and capability to meet the business requirements and challenges.
• Provide coaching, guidance, and technical support to junior actuarial analysts.
• Build and maintain effective working relationships with key stakeholders across Finance, Risk, Claims.

Requirements

Qualifications, Training and Experience

• Degree holder in actuarial science or related discipline.
• Associate (ASA) of a professional actuarial body, e.g. FSA, FIA, FIAA. Close to qualified member (FSA) will be an advantage.
• Minimum of 5 years’ experience on technical actuarial responsibilities (reserving, capital management, reporting, planning, analytics etc.) in an insurance company or consulting firm
• People management experience is a plus
• Highest levels of integrity and trust.
• Good communication and presentation skill, able to translate complex concepts and figures into story of business.
• Display good stakeholder management skill which is pro-active and flexible depends on needs and concern of the stakeholder.
• Demonstrate ability to identify area that is impactful to the business performance.

Benefits

Bupa offers 5 days’ work per week and comprehensive remuneration packages including base salary, study assistance plan, company pension plan, life and medical benefit, dental benefit, annual leave, examination leave, etc.

Bupa is an equal opportunity employer and welcomes applications from qualified candidates. Information provided will be treated in strict confidence and only be used for consideration of application with Bupa.

Personal data collected will be used for recruitment purposes only. Bupa will be in touch for any opportunities that matches your profile. All personal data of unsuccessful application will be destroyed 24 months from the date of receiving the application. Full version of Data Privacy Notice available upon request.