Actuarial Manager / Senior Manager role from a Life Insurer (Cambodia)
Job Purpose
This position’s purpose is to achieve the new product pricing and valuation process objectives in line with Company strategy and Business goals.
Responsibilities:
Pricing & Product Development:
- Develop and maintain pricing models for life and health insurance products.
- Conduct pricing analyses, ensuring alignment with risk appetite and company financial targets.
- Support product sensitivity testing, ensuring robust assumptions and financial sustainability.
- Collaborate with distribution, marketing, and operations teams to enhance product competitiveness.
- Monitor industry trends and recommend enhancements to pricing methodologies.
Profitability & Financial Analysis:
- Conduct Value of New Business (VONB) analysis and monitor product profitability.
- Perform experience studies and refine pricing assumptions based on claims, persistency, and expense trends.
- Support regular pricing reviews and recommend adjustments to maintain competitiveness.
- Provide actuarial input into product performance monitoring and portfolio management.
Reinsurance & Risk Management:
- Assist in evaluating and structuring reinsurance arrangements.
- Support reinsurance negotiations and ensure sustainable risk-sharing structures.
Regulatory Compliance & Reporting:
- Ensure all product pricing adheres to local regulatory requirements and actuarial best practices.
- Assist in the preparation and submission of regulatory filings.
- Support IFRS17 implementation related to pricing assumptions.
Team Collaboration & Development:
- Provide guidance and mentorship to junior actuarial team members.
- Work cross-functionally with other actuarial and finance teams on strategic projects.
- Support senior leadership in making data-driven pricing decisions.
The Person
- 5-10 years of actuarial experience in life insurance pricing or valuation.
- Candidates actively pursuing actuarial credentials may be considered.
- Strong technical skills in actuarial modeling.
- Excellent problem-solving and analytical abilities.
- Prior leadership experience is a plus.