Product Pricing Senior Manager from a direct life insurer (Thailand)
Job Purpose:
To lead the actuarial pricing and profitability analysis of life insurance products, ensuring alignment with strategic business goals, regulatory requirements, and customer needs. This role plays a key part in product innovation, financial sustainability, and market competitiveness.
Key Responsibilities:
- Lead the pricing and design of life insurance products including term life, whole life, endowment, annuities, critical illness and health riders, for both participating & non-participating plans.
- Develop and maintain actuarial models for pricing, profit testing, and sensitivity analysis.
- Lead technical topics on complex actuarial disciplines such as asset share modelling, par fund management, multi state critical illness plans, crediting plans, TVOG, etc.
- Collaborate with product, underwriting, distribution, and finance teams to ensure product feasibility and market fit.
- Monitor experience studies (mortality, morbidity, lapse, expense) and update pricing assumptions accordingly.
- Prepare product filing documents and liaise with regulators to obtain product approvals.
- Lead reinsurance structuring and pricing negotiations.
- Provide actuarial input for strategic initiatives such as bancassurance, digital channels, and embedded insurance.
- Mentor junior actuaries and promote best practices in actuarial modeling and governance.
Qualifications & Experience:
- Bachelor’s or Master’s degree in Actuarial Science, Mathematics, or related field.
- Minimum 7 years of actuarial experience in life insurance product pricing.
- Strong knowledge of life insurance products, regulatory frameworks, and actuarial standards.
- Proficiency in actuarial software like Prophet is a must while on analytical tools (Excel, R, Python) is considered an advantage.
- Experience in product filing and regulatory engagement.
Preferred Attributes:
- Strategic thinking with strong business acumen.
- Excellent communication skills to present complex actuarial concepts to non-actuarial stakeholders.
- Ability to manage multiple projects and deliver results under tight timelines.
- Strong leadership and team development capabilities.