Manager, Actuarial (IFRS17) Welcome Big4 candidate!

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 an experienced Actuarial Manager to lead and support the implementation and optimization of IFRS 17 across the organization. The successful candidate will play a key role in designing testing and deploying actuarial models processes and reporting frameworks to ensure compliance with the latest accounting standards. This role requires strong technical actuarial expertise project management skills and the ability to collaborate with finance IT and business stakeholders.

Your Key Responsibilities Include:

1. IFRS 17 Project Leadership:
• Lead the end-to-end implementation of IFRS 17 including technical analysis solution design and execution.
• Coordinate with cross-functional teams (actuarial finance IT and auditors) to ensure alignment with regulatory requirements.
• Develop and maintain project plans timelines and risk mitigation strategies.
2. Actuarial Modeling & Methodology:
• Review and enhance actuarial models (reserving valuation and forecasting) to comply with IFRS 17 requirements (CSM PAA GMM).
• Validate data inputs assumptions and calculation methodologies.
• Ensure accuracy and consistency in calculating insurance contract liabilities.
3. Process & System Enhancements:
• Work with IT and data teams to implement actuarial software (e.g. Prophet AXIS or other IFRS 17-compliant tools).
• Automate and streamline reporting processes for IFRS 17 disclosures (quantitative and qualitative).
• Support testing (UAT) and troubleshooting of actuarial systems.
4. Stakeholder Management & Reporting:
• Prepare and present IFRS 17 results to senior management auditors and regulators.
• Train and mentor junior actuarial staff on the principles and impacts of IFRS 17.
• Collaborate with finance teams to align IFRS 17 reporting with group accounting policies.
5. Compliance & Governance:
• Ensure adherence to IFRS 17 timelines and regulatory deadlines.
• Document controls assumptions and methodologies for audit purposes.
• Monitor industry developments and best practices related to IFRS 17.

About you

• Education: Bachelors or Masters degree in Actuarial Science Mathematics Finance or related field.
• Certifications: Near- or fully qualified actuary (FSA ASA or equivalent).
• Experience:
• 7 years of actuarial experience with at least 3 years in life or P&C insurance (preferably in reserving valuation or financial reporting).
• Proven track record in IFRS 17 implementation (or IFRS 4/US GAAP transitions).
• Strong knowledge of actuarial modeling software (e.g. Prophet AXIS Alteryx or R/Python).
• Experience with data governance ETL processes and ERP systems (e.g. SAP Oracle).
• Skills:
• Excellent project management and stakeholder engagement abilities.
• Strong analytical problem-solving and communication skills.
• Ability to translate complex actuarial concepts for non-technical audiences.

And the following qualifications are preferred but not essential

• Previous experience in a Big 4 consultancy or large insurer working on IFRS 17 projects.
• Knowledge of Solvency II LDTI HKRBC or other regulatory frameworks.

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.