Chief Commercial Actuary - Health

  • 35378
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Jun 12, 2019
Insurance
RESPONSIBILITIES
  • Responsible for ensuring delivery to the BU of pricing strategy, methodology, governance and recommendations.
  • Work closely with Finance Business Partner, provide key analysis, insights and relevant commentary to financial trends in pricing and loss ratios.
  • Identify financial performance issues related to premiums and claims within the BU, make recommendations and where relevant, implement corrective actions.
  • Drive the regular cycle of annual pricing reviews for individual products and tailor made corporate quotations - both renewal and new business.
  • For new product developments, provide pricing recommendations and input on the actuarial risk implications of any benefit designs.
  • Involve in the setting of the annual operating plan with explicit co-ownership of key assumptions regarding pricing strategy.
  • Build relationships with all relevant stakeholders across IMMU, BU and Group.
  • Understand and interpret all Group policies and procedures relevant to IM and BU pricing activities, including keeping abreast of any changes.
QUALIFICATIONS
  • Qualified actuary, with at least 7 years post qualification experience.
  • Membership of a professional actuarial body that is a full member of the International Actuarial Association.
  • Continues to meet Continuing Professional Development requirements of their relevant professional body.
  • Experienced professional with knowledge of the global health insurance market, or relevant transferable skills and knowledge from:
  • Other insurance lines of business such as Life or General insurance.
  • Working within large multinational or complex organizations.
  • Working understanding of Solvency II requirements and deliveries.
  • A track record of achieving and exceeding targeted business results/KPIs.
  • Excellent interpersonal, communication and influencing skills are required with emphasis on achieving results and successful outcomes.
  • Strong stakeholder management experience, with the ability to build and strengthen relationships within the business at all levels.
  • Demonstrated high caliber financial understanding and capability, with a clear commercial awareness.
  • Adaptable to business change and a fast paced environment with a growth agenda.
  • A working knowledge of both pricing and reserving software respectively and experience in interpreting the output of such software.
  • Experience of establishing governance frameworks across a complex business landscape.