Actuarial Specialist, Health Product Pricing

  • 36079
  • Health - Actuarial
  • |
  • Singapore
  • |
  • Oct 21, 2019
  • Calculating the technical price for both Individual and Group Health Lines of business and being involved in launching the product including the responsibility for the implementation of the product in the administrative system.
  • Ownership of the Group Health pricing tool & other products pricing tools with the objective of continuously improving it in terms of technical accuracy, functionality in easing and improving processing, utilization rate.
  • Supporting the execution of the Actuarial control cycle for the health LOB by Assisting the valuation / reserving team in: the periodic reserving exercises and, the Strategic plan exercise. The objective is to give relevant inputs on trends in business mix, pricing and claims frequency / severity, and to take early feedback from reserving on the profitability trends.
  • Supporting various claims related and other analyses which help business to have more insights into the portfolio.
  • Providing visibility on all profitability/loss trends in the Health LOB, and giving a periodic analysis of the same to senior stakeholders to help design the strategies to achieve the strategic plan. This will include but not limited to monitoring the inflation, actual vs expected studies for all products, the key profitability/loss drivers and recommendations.
  • Enhancing the standard reports and data management to support the above.
  • University degree in Actuarial or have cleared some actuarial exams.
  • 0 to 3 years of experience in Actuarial work.
  • Strong Analytical skills to be able to analyze the data.
  • Good understanding of the basic actuarial concepts.
  • Experience of working on SAS and/or Emblem.
  • Good at MS-EXCEL and VBA coding.