Job Listing

Main Purpose of Job:
1) Lead and manage end-to-end process of product pricing and related initiative including design, development, pricing and regulatory to ensure smooth and timely launch of products.
2) Responsible for development of skills and knowledge of team members.

Role and Responsibilities:
1. Pricing
- Provide support on product design and review features with consideration to risk and regulatory constraints.
- Ensure accuracy of product modelling and appropriateness of assumptions used for pricing and profit testing.
- Prepare internal product approval documents and provide quality analysis for decision-making.
- Prepare OIC filing documents and provide support on regulator queries.
- Review sales material and policy contract to ensure alignment with product design and intention.
- Ensure compliance with regulations and corporate policy regarding product designs, profit criteria, and competitiveness.
- Manage timeline and quality of the assigned pricing project and highlight any issue to the management in a timely manner.
- Monitor new product performance in terms of production, financial result, actual experience, selling process and other factors.

2. Support for Corporate Solutions (Group Business) team
- Responsible for Group products, pricing guidelines and regular reviews
- Provide input for the UW guideline for Group business.
- Review and improve quotation tools for the Corporate Solutions (CS) team
- Provide support for ad hoc quotes of non-standard group cases.
- Provide support on product design and review features with consideration to risk and regulatory constraints.
- Monitor group product performance in terms of production, financial result, actual experience, selling process and other risk factors.

3. Group product performance analysis and reporting
- Monitor, analyze portfolio and identify key opportunities and area for improvement to improve portfolio profitability
- Provide quality analysis to help management for decision making
- Regular monitoring of group experience by client, source and type of business.
- Develop predictive model (e.g. GLM) to analyze both individual and portfolio performance e.g. seasonal claim impact, medical inflation
- Monitoring risk distribution in portfolio and propose mitigation action
- Standardize and help improving both group and individual data collection, presentationand administration system.

4. Pricing and strategic initiative
- Lead/support strategic and exploratory initiatives including development of alternativedistribution channels (e.g. digital and FSA), emerging customer segment etc.
-Technical lead and coordinator for the development of the company’s digital initiatives(e.g. Advisor Zone, myWealth+).
- Support in reviewing efficiency, effectiveness, and soundness of current pricing process,and implementing improvement plans.
- Manage any other special projects as assigned by Head of Pricing.. 

5. Product sustainability management
- Monitor the financial sustainability of on-shelf products and provide recommendation/action plan on managing them.

6. Product implementation and reinsurance process
- Actively engage stakeholders to discuss and address product-related issues.
- Coordinate reinsurance arrangement and, ensure the terms and conditions of new treatiesare fair and match with the product features.
- Provide support during the IT implementation phase and sales illustration includingperformance of comprehensive UAT and table set up.. 

7. Team Development
- Develop the capabilities of the team such that team members are able to generate,analyze and explain required financial with minimal supervision.
- Ensure team members are provided with the opportunity and exposure to learn and growin the intended area of development.

Qualifications:
- BSc or MSc in actuarial studies/Statistics/Mathematics/Sciences or related field
- Associate of Actuarial Societies e.g. SoA, Institute & Faculty of Actuaries

- At least 10 years life insurance working experience preferably in product and pricing

- Industry knowledge on products would be advantageous.

- Computer & Programming skills (i.e., MS Excel, MS Access)
- Able to use Actuarial software program (e.g., Prophet)
- Effective communication in English