Job Purpose
We are looking for an aspiring actuary to join our actuarial General Insurance (GI), Group, and Accident & Health (A&H) team. Reporting to the Head of GI and A&H Pricing, you will be leading a dynamic team of actuaries and assist the company in the managing of the GI, Group and A&H portfolio. This includes product pricing, product development, and monitoring of products. Provide actuarial support to actuarial valuation team, and General, Group and A&H businesses.
The Job
· Product pricing and data analysis, bydeveloping and enhancing in-house statistical capability, which includes:
- Design and develop pricing models that meet internal and regulatory requirement;
- Design and perform data analysis with the aim of providing actionable insights, as well as setting pricing assumptions;
- Periodic profitability study and experience analysis
- Assist in the financial management of the business, including reinsurance program review
- Support business units by generating relevant reports for monitoring and tracking purposes
· Collaborate with internal/ external stakeholders to price and develop GI, Group and A&H products. This includes:
- Collaborating with internal stakeholders on the design and pricing of the products; and
- Work closely with underwriters and claims managers to integrate new product features and improvement in processes into their day to day operational activities.
- Provide technical support on other related matters, such as marketing, underwriting, claims management and system development
· General Insurance regional involvement to provide pricing guidance and review support across entities
· Assisting the Company in driving the GI, Group and A&H business through experience and profitability analysis on various business lines.
· Play a leading role in actuarial pricing related projects, and supporting the business units in achieving their key performance indicators.
· Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
· Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
· Highlights any potential concerns /risks and proactively shares best risk management practices.
Our Requirements
· Degree Holder in Actuarial or Statistics
· A qualified/ near qualified Actuary
· 6 years or above in relevant actuarial roles.
· Experience working closely with underwriting, claims and product developers.
· Experience in project management and presenting financials to management.
· In depth knowledge of GI, Group, A&H insurance products and actuarial practice.
· Excellent in statistical analysis, problem solving and communication skills
· Proficient in MS Excel
· Good knowledge of statistical packages and strong interest in programming (e.g. SAS, SQL, VBA, Prophet)
· Familiar with IP Shield, General Insurance products, reinsurance structures, AS400 system data structure, RBC2, IFRS17 and Prophet programming will be an advantage
· High level of integrity, takes accountability of work and good attitude over teamwork.
· Takes initiative to improve current state of things and adaptable to embrace new changes.
About Great Eastern
Established in 1908, Great Eastern places customers at the heart of everything we do. Our legacy extends beyond our products and services to our culture, which is defined by our core values and how we work. As champions of Integrity, Initiative and Involvement, our core values act as a compass, guiding and inspiring us to embrace the behaviours associated with each value, upholding our promise to our customers - to continue doing our best for them in a sustainable manner.
We work collaboratively with our stakeholders to look for candidates who exhibit or have the potential to embrace our core values and associated behaviours, as these are the key traits that we expect from our employees as they develop their careers with us.
We embrace inclusivity, giving all employees an equal opportunity to shine and play their role in exploring possibilities to deliver innovative insurance solutions.
Since 2018, Great Eastern has been a signatory to the United Nations (UN) Principles of Sustainable Insurance. Our sustainability approach around environmental, social, and governance (ESG) considerations play a key role in every business decision we make. We are committed to being a sustainability-driven company to achieve a low-carbon economy by managing the environmental footprint of our operations and incorporating ESG considerations in our investment portfolios; improving people’s lives by actively helping customers live healthier, better and longer; and drive responsible business practices through material ESG risk management.
To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.
