Product Pricing Manager

  • 35549
  • Non-Life - Actuarial
  • |
  • Singapore
  • |
  • Jul 24, 2019
Insurance
RESPONSIBILITIES
  • Manage a team and deliver portfolio wide pricing projects in a timely manner.
  • Peer review all pricing work done by the junior actuaries and liaise with the underwriters and other stakeholders to provide technical recommendations and robust impact analysis to all pricing strategies.
  • To train and support pricing actuaries in technical pricing activities including using GLMs to model a) claims costs b) retention probabilities and c) conversion models.
  • To oversee and execute full pricing exercises for Motor products, from data extraction and initial studies, to modelling and recommending rates, to ensuring full implementation.
  • Drive the team’s objective to increase segmentation in the tariff of all retail products, with the ultimate aim of pushing all commercial prices to the fully unconstrained technical price.
  • Align all pricing activities with the Group Technical Blueprints. Create and manage the teams short and middle term progressions plans along the maturity models to be fully compliant with the various dimensions of the blueprint.
  • Implementing retention modelling, conversion modeling and thus price optimization using these both.
QUALIFICATIONS
  • At least 7 years of Personal Lines Pricing experience in a mature market.
  • Must be proficient in: Emblem, SAS and MS Excel- VBA.
  • Having some exposure to team management.
  • Nearly / Newly Qualified Actuary of an IAA accredited actuarial body or a strong Commitment to pursue Actuarial Qualification.