Job Listing

Vacant Position

AVP – Product Development (Accident & Health)

Department

Actuarial Department

Job Summary

•To provide actuarial expertise about product development and business development projects, including generation of product ideas, product design, profit testing, profitability analysis, participation in the product implementation Process, and evaluation of business opportunities.

•To negotiate with the reinsurer to get an effective reinsurance scheme.

•To deal with management reports, Analysis, and statistic reports.

•To supervise his / her subordinates to develop their talents and gain practical experience.

•Continuous professional development through participation in professional external/internal management training.

Job Responsibilities

Product Development – Self Target

Perform product development – Specialized Accidental and Health products of individual, and group insurance and also covered the alternative distribution channels, pricing, profit testing, and filing to OIC for both premium rate and policy wording, including preparing the facility for new product implementation. Able to ensure the company’s profitability and marketability. Ensure the below activities are completed to serve the expectation.

• Profit testing which can be ensured that the results are accurate and trustworthy.

• Review the product feasibility assessment, communicate with the Corporate Marketing Team to schedule the product timeline.

• Develop a premium rate that can ensure the company’s profitability & marketability.

• Pricing Assumption reviewing ( for new product without experience)

• Cooperate with the implementation process ex. AS/400 setting up.
 

Reinsurance

Negotiate any matter with the reinsurance company and be responsible for the reinsurance scheme to optimize the company’s benefits.

Subordinate management

Supervise his/her subordinates to develop their talents and gain practical experience.

• Manage and follow up with the team to finish the product development or reinsurance arrangement

• Verifying the profit testing which can ensure that the results are accurate and trustworthy

• Providing the comments necessary related to the assigned tasks

• Coaching team for pricing actuarial knowledge and team management skills.
 

Actuarial Projects assigned by the supervisor

Responsible for actuarial projects i.e. learning new jobs/knowledge to improve themselves, and finding new methods to improve the department’s workflow.

Qualification

• Bachelor degree in Actuarial, Statistics or related fields

• At least 8 years in actuarial or related fields

• Strong analytical abilities including mathematics and statistical concepts

• Knowledge of data gathering and manipulation techniques and tools such as Access, SQL etc.

• Computer and programming skills (Utilizing the Prophet Model and Microsoft Excel, specifically involving the implementation of macro functions, is required.)

• Good communication in English in both writing and speaking

• Completion of some actuarial exams desired (2-3 exams is preferred), Commitment to continue towards ASA /FSA is desired.