tr?id=188631522951043&ev=PageView&noscript=1 Deputy Manager, Actuarial Pricing

Corporate

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Our Corporate Careers

You will play an important role in helping to achieve our vision.

We are looking for committed individuals to take up the challenge and join us in our mission to provide quality and professional services, implement stable and sound risk management, cultivate a harmonious & interactive corporate culture and contribute to society.

Job Description:

New Product pricing

  • Work closely with Product team to provide actuarial support in product development process. This includes:
  • Provide advice on product design, develop and maintain pricing model, ensure accuracy and robustness in technical pricing
  • Propose pricing assumptions and methodology
  • Use relevant pricing model to derive premium rates and access profitability, as well as highlight key risks associated with the product;
  • Ensure that the proposed premium rates are adequate and provide sufficient resilience against risks;
  • Ensure that the assumptions used in pricing are consistent with internal guidelines / experience and pricing methodology is compliance with both regulatory and internal requirements;
  • Comply with internal and regulatory filing requirements in relation to pricing

Product Implementation

  • Liaise and coordinate with Product, Operation and IT teams to provide actuarial support to new product implementation, which includes operational set-up, system testing and policy documents review;
  • Provide actuarial support in preparing policy illustration of life insurance products and ensuring that they are compliant with industry / regulatory requirements;

Reinsurance

  • Point of contact with reinsurers; negotiate risk rates with reinsurers
  • Coordinate and participate in reinsurance contracts review
  • Involve in other reinsurance matters such as retention limit review

Product management

  • Conduct regular profitability review of current selling life insurance products
  • Conduct regular evaluation of distribution remuneration structure, which includes assessing its market relevance and financial sustainability;
  • Provide actuarial support to review / evaluate any relevant corporate initiatives / incentive / campaign;

Other product related project

  • Handle special quotations and other policy servicing queries.
  • distribution compensation and analysis

Any other project/work assigned by the company

Job Requirements:

  • Good progress in Actuarial exams of a recognized actuarial body.
  • Minimum 6 years of actuarial experience
  • Strong actuarial technical knowledge, analytical and problem-solving skills, with the ability to work independently.
  • Engaging and open-minded working attitude with emphasis on being a good team player.
  • Meticulous for detail in risk assessment and profitability analysis
  • Excellent communication and interpersonal skill
  • Proficient in Microsoft Office (Excel, Words, Power Point)
  • Proficient in actuarial computing (VBA, SQL, R, Prophet)

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