Senior Associate, Actuarial (IFRS17)

Role Summary

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

We are seeking a Senior Actuarial Associate to actively participate in the implementation of IFRS 17 within our organization. The ideal candidate will assist in developing actuarial models validating data and ensuring compliance with the new accounting standard. This role requires strong technical skills attention to detail and the ability to collaborate with cross-functional teams.

Your Key Responsibilities Include:

1. IFRS 17 Implementation:
• Actively participating in the design testing and validation of actuarial models for IFRS 17 compliance (for both PAA & GMM measurement models).
• Perform technical analysis and contribute to solution development for reserving valuation and reporting processes.
• Support the integration of IFRS 17 requirements into existing actuarial systems (e.g. Prophet AXIS or other valuation tools).
2. Actuarial Modeling & Analysis:
• Develop and refine cash flow projections discounting methodologies and risk adjustment calculations under IFRS 17.
• Validate data quality and perform sensitivity testing on key assumptions.
• Assist in the calculation of Contractual Service Margin (CSM) and liability balances.
3. Data & Process Improvement:
• Work closely with IT and data teams to ensure accurate data extraction transformation and loading (ETL) for IFRS 17 reporting.
• Identify opportunities to automate manual processes and enhance efficiency.
• Participate in User Acceptance Testing (UAT) for actuarial software updates.
4. Reporting & Documentation:
• Prepare detailed documentation of methodologies assumptions and controls for audit and regulatory purposes.
• Generate and analyze IFRS 17 financial disclosures for internal and external stakeholders.
• Assist in drafting reports for senior management and auditors.
5. Collaboration & Stakeholder Engagement:
• Work with finance accounting and actuarial teams to align IFRS 17 outputs with financial statements.
• Support training and knowledge-sharing sessions for junior team members.
• Stay updated on industry developments and regulatory guidance related to IFRS 17.

About you

• Education: Bachelors or Masters degree in Actuarial Science Mathematics Statistics Finance or a related field.
• Certifications: Progress toward actuarial qualification (ASA CAS or equivalent). IFRS 17-specific training is a plus.
• Experience:
• 3-5 years of actuarial experience in insurance (Life P&C or Reinsurance).
• Exposure to reserving valuation or financial reporting under IFRS US GAAP or Solvency II.
• Hands-on experience with actuarial modeling software (e.g. Prophet AXIS R Python or SQL).
• Familiarity with data analytics and visualization tools (e.g. Power BI Alteryx) is a plus.

• Skills:
• Strong analytical and problem-solving abilities.
• Detail-oriented with a focus on accuracy and compliance.
• Ability to work independently and as part of a team.
• Effective communication skills for cross-functional collaboration.

And the following qualifications are preferred but not essential

• Previous involvement in an IFRS 17 or LDTI implementation project.
• Knowledge of insurance accounting standards beyond IFRS 17 (e.g. IFRS 9 Solvency II).

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 co-operative 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 () 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 were 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.