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Head of Valuation

Head of Valuation

Bowtie Life Insurance Company LimitedWan Chai, Hong Kong Island, HK
17 小时前
职位类型
  • Quick Apply
职位描述

Our purpose is simple - we are here to bring back the good of insurance : protecting people and their families.

By combining our deep domain expertise and our modern proprietary technology, we strive to provide better insurance products and world-class insurance experience to the public.

In the past 4+ years, we have been providing a wide range of medical coverage to the Hong Kong public. Our sum assured has exceeded US$5 Billion.

Let's continue to deliver a better insurance experience for all.

Let's Make Insurance Good Again.

Role Summary

Bowtie’s mission is to make insurance good again and our vision is to build a category-defining health insurance company.

As the Head of Valuation, you are will lead the reserving, financial reporting, and actuarial valuation functions for Bowtie. This role ensures accurate liability measurements and compliance with regulatory standards (e.g., IFRS 17, HKRBC), providing key insights into the company’s financial health.

Your  Key Responsibilities Include :

1. Reserving & Financial Reporting

  • Lead the monthly and annual reserve valuation process for all lines of business (Life, Health, Protection, Group, Reinsurance).
  • Ensure reserves are set in compliance with IFRS 17 and local statutory requirements .
  • Prepare and present actuarial reserve reports to senior management, auditors, and regulators.
  • Work closely with Finance & Risk teams to align reserving assumptions with financial projections.
  • Support external audits and regulatory filings , acting as the key actuarial contact for auditors and regulators.

2. Actuarial Modeling & Methodology

  • Oversee the development and validation of reserving models .
  • Review and enhance assumptions (loss trends, inflation, claims development) based on emerging data.
  • Implement IFRS 17 / Best Estimate Liability (BEL) calculations and ensure proper disclosure.
  • Conduct sensitivity testing and scenario analysis to assess reserve adequacy.

    • 3. Leadership & Stakeholder Management

  • Manage a team of actuarial analysts / reserving specialists , providing technical guidance and mentorship.
  • Collaborate with Underwriting, Claims, and Finance to ensure alignment between pricing, reserving, and financial reporting.
  • Present findings to the CFO, Appointed Actuary, and Board on reserve movements, risk exposure, and profitability.
  • Drive process improvements in reserving workflows, data quality, and automation.

    • 4. Risk & Capital Management

  • Support Hong Kong Risk Based Capital by providing reserve risk analysis.
  • Assist in reinsurance optimization by evaluating recoverables and collateral requirements.
  • Contribute to capital modeling and stress testing to assess financial resilience.

    • About you

    You have deep technical expertise in insurance reserving, actuarial modeling, and financial reporting , along with strong leadership skills to guide the valuation team.

  • Credentials : Fully qualified FIA, FSA, FIAA or equivalent actuarial designation.
  • Experience :
  • 12+ years in reserving / valuation within insurance (P&C, Life, or Health).
  • Strong knowledge of IFRS 17, HKRBC, or other regulatory frameworks .
  • Proficiency in reserving software (e.g., Prophet, AXIS) .
  • Prior leadership experience managing an actuarial team.
  • Skills & Education :
  • Deep technical expertise in loss reserving methods (Chain Ladder, Bornhuetter-Ferguson, etc.) .
  • Strong communication and stakeholder management skills.
  • Ability to translate complex actuarial concepts for non-technical executives .
  • Bachelor’s / Master’s in Actuarial Science, Mathematics, Statistics, or related field .

    • We Offer

    Apart from a great career path and an opportunity to do good and do well, we also offer :

  • Competitive package
  • Flexible work arrangement
  • Benefits include medical / dental coverage and wellness programs
  • Employee discounts
  • Fun, cooperative, and flexible startup culture
  • Weekly sharing sessions and regular social gatherings
  • Excellent learning opportunities with Professional Development Sponsorship

    • About Bowtie

    We are the first licensed virtual insurer (虛擬保險公司) in Hong Kong.

    We believe that insurance is fundamentally good, and we are here to bring the good back through our passionate, innovative, and customer-centric team.

    By combining our deep domain expertise and our own proprietary modern technology, we are building one of the most iconic, category-defining health insurance companies in Asia.

    We take pride in moving fast all the time and our track record in moving ahead in the game. Our digital insurance platform is also ranked #2 in the world in Sia Partners' 2023 report.

    As we grow, we're always looking for highly dynamic, hands-on, and passionate talent to join our team. If you are looking for a rewarding career where you will grow together with strong talents from different backgrounds and build products and services that bring a positive impact on the lives of millions of people in Hong Kong / Asia, apply to our opening today!

    Information collected will be treated in strict confidence and used solely for recruitment purposes.

    The company will retain all applications no longer than 24 months of which will be destroyed thereafter.

    We are an equal-opportunity employer. We do not discriminate on the basis of race, sex, disability, or family status in the employment process.

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    Head Of • Wan Chai, Hong Kong Island, HK