Head of Pricing

  • 36443
  • Life - Actuarial
  • |
  • Singapore
  • |
  • Dec 12, 2019
Insurance
RESPONSIBILITIES
  • Responsible for pricing of all products, which includes Par & Universal Life products frameworks like RBC, EEV, IFRS, Solvency II.
  • Produce key financial metrics for filing to the Regional Office under local and regional.
  • Carry out pricing framework & strategy, leading the negotiations with reinsurers, obtaining internal & regional product approval and complying with local regulatory product filing/approval requirement.
  • Provide technical guidance on the pricing/modelling effort in performing product pricing and feasibility studies, conduct market research for product initiatives and required profit testing.
  • Communicate the key financial metrics to the senior management.
  • Prepare responses to queries from regulators.
  • Collaborate with product development, technology, compliance and other internal stakeholders on implementation of new products.
  • Develop studies to investigate the adequacy of pricing assumptions.
  • Support all queries pertaining product features and designs and prioritize workflows to best meet the timeline of deliverables.
  • Lead a team and is accountable for the KPIs and development of the members.
  • Develop department plans, controls, resources and formulate policies in area of responsibility.
  • Look beyond existing solutions and own area to define/resolve complex issues in new situation.
QUALIFICATIONS
  • Degree in Actuarial.
  • Qualified actuary from a recognized professional actuarial body.
  • At least 10 years of relevant experience in senior actuarial roles or positions Strong leadership traits to provide guidance and motivation to staff.
  • Good communicator. Possess the ability to explain complex actuarial matters to layman in non-technical and succinct languages.
  • Detailed oriented.
  • Committed to excellence and always strive to deliver results with high standards.
  • Ability to manage, coach and motivate large teams.
  • Possesses strong business acumen.