The position will be responsible for supporting pricing and product development in the actuarial department. This individual will be working closely with our distribution and marketing department in supporting product and business development.
The role will be a key contributor to the customer proposition development pipeline and support the launch of profitable and client-oriented products to ensure continued business growth.
Job Responsibilities :
Support Distribution and Marketing Department for business development and partnership business case, e.g. feasibility study, partnership financial
Design and review channel compensation scheme to drive business growth
Work closely with Customer Proposition Team in product development, perform pricing and support the launch of profitable and client-oriented products to ensure continued business growth
Represent Actuarial in product project meetings and provide support in the product development cycle
Manage and implement reinsurance arrangements for product risk mitigation
Assist in new partner acquisition and inforce partner management via financial assessment of business case, working closely with marketing and business development team
Participate in product development process including product design, profitability testing, implementation and product approval, and in compliance with company’s risk management policies and actuarial guidelines
Perform financial analysis to review the profitability of product and business campaign and make recommendation to improve company’s VNB and P / L
Lead and provide coaching to junior staff in performing business analysis, building projection models and UAT for system implementation, ensuring quality standards and to gain product knowledge and pricing techniques.
Job Requirements :
Excellent communication, problem solving and analytical skills.
Degree holder in actuarial science or related discipline;
At least 7 years of actuarial experience in life insurance industry;
Proficient in MS Office applications, specifically Excel and Access;
Experienced in using of Actuarial software (use of Prophet a plus).