Develop and / or execute new product plan based on client and market needs.
In conjunction with Business Development, provide overall support and in particular lead and / or execute the technical aspect of product development projects (including new risk / brand new ideas or incremental changes to existing ideas) for RGA in the Hong Kong and HNW market.
Internally, work closely with other actuaries, medical officers, underwriters and technical experts to deliver these projects.
Also work closely with regional counterparts (e.g. RST) to deliver products on joint effort.
Externally, work closely with Business Development to build working relationships with counterparts in client companies or in any external third party partners, and ensure the implementation of innovative product solutions will drive profitable and sustainable growth for RGA and its clients.
Conduct external and internal researches to generate new product ideas and execute these ideas.
Actively participate in strategic discussions and conduct Product Development workshops internally.
Provide sound actuarial advice to support the sustainable growth of the business.
Review pricing bases and pricing models to be used in new products and get sign offs from Regional Pricing.
Ensure compliance with Corporate and International Pricing Standards for new risks.
Accreditation as a fellow in a globally recognized actuarial association (e.g. U.S., Canada, Australia, UK or equivalent).
At least 5 years of actuarial working experience in particular around product pricing. Title will be commensurate with the experience.
Reinsurance pricing experience will be advantageous.
Skills & Competencies :
An open-minded person who loves to explore with out-of-the-box thinking and can challenge status-quo under the appropriate circumstances.
Strong project leading skill and can work together as part of a team to deliver multiple concurrent projects.
Has the ability to work independently, can be self-motivated, proactive, strong attention to detail and solutions focused, willing to go for the extra mile to achieve a project goal.
Asian language skills desirable with excellent communication skills both written and verbal.
Knowledge of Asia, in particular Hong Kong, insurance product market knowledge will be required.
Solid understanding of various Individual life insurance products.
Client focus and understand the needs of client.
Knowledge on the use of actuarial software AXIS will be a plus.