Head of Pricing and Portfolio Management

  • 36806
  • Life - Other
  • |
  • Singapore
  • |
  • Feb 12, 2020
  • Ensure execution of rate level indications and portfolio profitability exercise to be performed by direct reports throughout the subject countries within planned time frame, oversee the development of rating plans, execution of rate and segmentation reviews, using GLM techniques where possible, and identify market segment opportunities as part of the review process.
  • Ensure accuracy of quoting and rating systems, working with Global Actuarial staff to ensure best practices are followed including appropriate risk loads for catastrophic risk, commissions, expenses and profit loadings, reviewing and approving regional Actuarial assumptions and ensuring that peer review process is applied consistently in the region.
  • Promote the development and production premium adequacy reports and provide budget loss ratio estimates for various segments.
  • Build an engaged team and act as a role model both from a technical and a business perspective, showing skill depth and interdisciplinary knowledge, manage between 6 and 10 direct reports, including resources located in other offices.
  • Collaborate with Claims, Finance, Underwriting, Business Intelligence and various other stakeholders to ensure data used for pricing and monitoring is complete, accurate, adequate and timely.
  • Comply with key regulatory and risk management procedures as well as audit requirements.
  • Bachelor’s degree or equivalent in Mathematics/Actuarial Science.
  • Fellow in the Institute of Actuaries, Society of Actuaries, Casualty Actuarial Society or local Actuarial Governing body.
  • Significant experience in Accident, Health or Life Insurance, with an important focus on pricing and product knowledge.
  • Proven proficiency in actuarial concepts/methodologies and thorough understanding of general insurance including underwriting policies, claims handling policies and local legislation.
  • Proven ability to communicate and influence senior business stakeholders.
  • Experience in managing an actuarial team and proven ability to managing to tight deadlines and priorities in balancing multiple projects concurrently.
  • Understanding of CAT risk and models and reinsurance/capital as it relates to pricing, is also required.