Health Actuary, Director/ Associate Director

  • 36232
  • Health - Actuarial
  • |
  • Singapore
  • |
  • Nov 12, 2019
  • Structure and develop required pricing models to complete quotes that meet clients' objectives and company's minimum requirements.
  • Ensure all pricing procedures, including preparation of pricing memo and peer reviews meet documented divisional standards.
  • Conduct research and produce pricing basis for new business development initiatives.
  • Ensure pricing basis are documented and approved for all reinsurance coverage allowed under the country mandate.
  • Negotiate treaty terms with clients and ensure treaties are completed and signed in a timely fashion.
  • Provide technical/actuarial support for the execution of our product development initiatives.
  • Build strong relationships with counterparts of our client companies.
  • Define & develop methods & tools to ensure that health business is monitored closely and ensure that any adverse trends, both at treaty or portfolio level, are identified and escalated.
  • Investigate any new developments in health insurance and make recommendations to ensure company stays at a leading edge in the market.
  • Identify and provide the appropriate management information on the local health business that company requires.
  • Maintain regular contact with the company’s Chief Actuary.
  • Support ad-hoc corporate and internal projects.
  • Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance or related disciplines.
  • Qualified actuary.
  • 7 to 15 years actuarial working experience, with at least 3 years of experience in pricing for health and medical reimbursement business.
  • Good knowledge of Asian life insurance markets and product.
  • Highly organized and delivery-orientated with the ability to work with multiple concurrent projects.
  • Highly motivated, results oriented and solutions focused.
  • Ability to work effectively under pressure.
  • Strong interpersonal skills with the ability to negotiate and influence others.
  • Strong technical skills and attention to detail.
  • Strong client services ability with excellent communication skills in English; proficiency in Bahasa language skills will provide an added advantage.
  • Advanced MS Excel skills is required and experience in using actuarial software, e.g. Axis, is preferred.
  • Ability to challenge and enhance existing analytical methodologies.
  • Innovative, proactive and improvement oriented.
  • Ability to work independently and as part of a team and deal with multiple stakeholders within the business.