Actuarial Analyst

The business as usual (BAU) roles are well defined and set out below but there is also plenty of scope for ad-hoc projects throughout the year which include, IFRS17 development, claims modelling, portfolio optimisation, reinsurance purchasing, premium allocation and cash flow projections.,

• Quarterly reserve review preparation, projection and reporting.


• Scheme and policy pricing


• Update and review of the economic capital model.


• Data processing.


• Ensure that the Captive is adhering to the group's model governance requirements
  
  Experience in Non-Life P&C reserving methodologies and/or economic capital models and Solvency II requirements.


• A self-starter who can work independently


• Excellent verbal and written communication skills


• Proficient in data collation and analysis


• Making progress through actuarial exams and intention to progress to completion.
  
  If you're looking for a career that will help you stand out, join HSBC and fulfil your potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.


Our Wealth and Personal Banking business supports millions of individuals, families, business owners, investors and entrepreneurs worldwide. We provide products and services that include current accounts, credit cards, personal loans and mortgages, as well as savings, investments, insurance and wealth management. We also have specialised relationship managers who support customers with bespoke requirements, including high net worth and ultra-high-net-worth clients.

HSBC Insurance (Bermuda) Limited ("the Captive") is part of the Global Risk Function and is based in Bermuda.

The Captive is a risk financing vehicle which is used to transfer risks and capital volatility from HSBC Group entities to a central point. Risks typically transferred to the Captive are operational risks of the Group or Employee Benefits

This role is to support the Chief Actuary, who is based in the UK, in the day-to-day actuarial responsibilities for the Captive., This role is based in Central London and is on a full-time basis. There may be an opportunity for a hybrid working pattern depending on business requirements.

Opening up a world of opportunity

Being open to different points of view is important for our business and the communities we serve. At HSBC, we're dedicated to creating diverse and inclusive workplaces. Our recruitment processes are accessible to everyone - no matter their gender, ethnicity, disability, religion, sexual orientation, or age.

We take pride in being part of the Disability Confident Scheme. This helps make sure you can be interviewed fairly if you have a disability, long term health condition, or are neurodiverse.

If you'd like to apply for one of our roles and need adjustments made, please get in touch with our Recruitment Helpdesk

The role holder will also be expected to study and pass exams in order to become a fellow of the Institute and Faculty of Actuaries (or a similar body) and will join the company's study package.

As an HSBC employee in the UK, you will have access to tailored professional development opportunities and a competitive pay and benefits package. This includes private healthcare for all UK-based employees, enhanced maternity and adoption pay and support when you return to work, and a contributory pension scheme with a generous employer contribution.

In this role your responsibilities will include