Assist in the setup, enhancement and testing
Hands-on exp in real business processes
Perform user acceptance testing

Actuarial Intern (Full-time or Part-time basis for 2027 2H)

We are seeking a motivated Actuarial Intern to join our Actuarial Department. This internship is designed to provide students with practical exposure to a broad range of actuarial functions within a life insurance business, including product implementation, pricing support, valuation, IFRS 17 reporting, HKRBC, reinsurance administration and actuarial model development. The successful candidate will work closely with experienced actuarial professionals and contribute to meaningful business deliverables in a dynamic and collaborative environment. Outstanding interns may be considered for permanent career opportunities upon graduation, subject to business needs, performance and job availability.

Key responsibilities

The Actuarial Intern will support the team in various actuarial activities, including but not limited to:

Assist in the setup, enhancement and testing of life administration systems and sales illustration systems.
Perform user acceptance testing and validate actuarial calculations against product specifications and business requirements.
Support the preparation of special quotations, in-force policy illustrations and related actuarial analysis.
Assist in experience studies and the review of non-guaranteed elements, including policyholder dividends and crediting interest rates.
Support monthly actuarial financial reporting and analysis under applicable reporting frameworks, including IFRS 17 and HKRBC.
Assist in reinsurance administration, including premium, recoverable and settlement calculations.
Support valuation processes, regulatory reporting and financial reporting deliverables.
Assist in actuarial model updates, model testing, assumption changes, new product coding and model control activities.
Participate in ad hoc actuarial projects and analysis as assigned by the team.

Learning Exposure

Broad exposure to key actuarial functions across pricing, valuation, IFRS 17, HKRBC, reinsurance, modelling, systems and financial reporting.
Hands-on experience in real business processes, actuarial analysis, system implementation and financial reporting activities.
Opportunities to understand how actuarial work supports product development, regulatory compliance, financial management and business decision-making.
Practical experience with actuarial software, data analysis, model testing and control processes.
Professional learning and guidance from experienced actuarial team members.

About you

Undergraduate student in Year 2 to Year 4 studying Actuarial Science, Risk Management, Mathematics, Statistics, Finance or a related discipline.
Strong analytical skills and interest in applying actuarial concepts in a life insurance business environment.
Proficiency in Microsoft Office, particularly Excel; knowledge of Python, VBA, SQL or other data analytics tools would be an advantage.
Detail-minded, responsible, self-motivated and willing to learn.
Good communication and interpersonal skills, with the ability to work independently and collaboratively.
Progress in actuarial examinations or prior internship experience in insurance, actuarial, finance or data analytics would be an advantage.
Good time management skills, with ability to prioritise tasks and deliver high quality work under tight timelines.

Fubon Life Insurance (Hong Kong) Company Limited

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Actuarial Intern (2027 2H Internship)