Principle Responsibilities
The jobholder is responsible for end-to-end Pricing and implementation of new products. The role is expected to lead sub-teams in the end-to-end actuarial pricing process, which includes executing premium and benefit pricing, actuarial assumption setting, profitability testing, product system implementation and user acceptance tests for quotation systems and administrative systems in ensuring end-to-end smooth and timely product delivery.
The role will have ad hoc liaison with the Products, Distribution and Policy Servicing teams to closely support with client requests around in force policy statement updates, post sales illustrations, channel incentive analysis, marketing campaign setup.
The role may have ad hoc involvement working on risk management and control related projects including addressing insurance risk review, operation risk management, strengthening operational and financial risk controls.
There may occasionally be exposure to other non-product development activities as well as involvement in department wide exercises such as periodic experience studies updates, financial stress tests, board reports, regulatory initiatives, systems infrastructure upgrades, sales tools and marketing support.
The jobholder will be supporting the Head of Pricing to safeguard the financial health of the insurance company and protect the interest of policyholders as well as in ensuring the statutory responsibilities under the Insurance Act are met.
Job Requirement
University graduate in a relevant discipline for example Actuarial Science, Statistics, Economics
Qualified or close-to-qualified actuary from a recognized actuarial examination body
At least 8 years of relevant actuarial experience
Experience with Prophet and Stochastic modelling is a plus
Experience in managing a team
Sharp communication and presentation skills
Strong interpersonal skills with proven ability of planning and problem solving
Ability to work effectively under pressure with competing and at times rapidly evolving priorities
Ability to develop cohesive working relationships with key stakeholders
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