Actuarial Product Manager

  • 34889
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Mar 18, 2019
Insurance
RESPONSIBILITIES
  • Perform robust actuarial analysis on formulation of new business and product pricing under various financial reporting measures for product feasibility study and approval.
  • Review and propose the necessity of reinsurance arrangement in product development and negotiate with reinsurers.
  • Recommend pricing assumptions and necessary risk mitigation measures.
  • Prepare approval documents and facilitate the approval from local management and regional office.
  • Review marketing materials and provisions to ensure appropriate message in relation to policyholder reasonable expectation are properly in place.
  • Ensure the products, including materials and user acceptance test performed by Actuarial Product Management team are in good quality.
  • Coordinate with local management team, regional office, distribution channels and other internal departments on various product development projects in order to align with the company’s project initiatives.
  • Collaborate closely with cross function team and support on the business strategy through ongoing monitoring of the profitability / sustainability and performing risk / financial analysis.
  • Provide actuarial recommendation, solutions and justification on day-to-day operational issues and enquires.
  • Supervise subordinates within the team and provide on-going coaching on actuarial / product / insurance knowledge.
QUALIFICATIONS
  • University graduate majoring in Actuarial Science or related curriculum.
  • Fellow of the Societies of Actuaries or equivalent.
  • At least 7 years relevant actuarial working experience with minimal of 2 years at supervisory level.
  • Good business acumen with strong analytic and negotiation skills.
  • Strong communication and presentation skill and good command of spoken and written English and Chinese.
  • Strong actuarial knowledge and financial modeling skills.
  • Knowledge of product pricing/ HK/ EEV/ Solvency II reporting is an advantage.
  • Experience in coaching actuarial staff and managing a team.