Product Development & Solutions Actuary

  • 36815
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Feb 13, 2020
Reinsurance
RESPONSIBILITIES
  • Identify, develop and price innovative insurance products across Asia.
  • Driving, designing, initiating and playing an integral role in creating a value proposition and in the design and structure of new products.
  • Responsible for the roll out of new product ideas and sharing information across Asia and assisting local teams in developing strategies and plans to ensure product development goals are successfully met.
  • Researching products, markets and customer needs.
  • Researching mortality and medical risks and trends.
  • Deriving pricing assumptions for new risks in collaboration with the Regional Pricing team, in order to provide the company with an edge in the ever changing, complex product landscape.
  • Designing best practices to manage risks via new and alternative product designs.
  • Liaise with local offices throughout Asia, Business Development, Underwriting, Medical, Claims and other actuaries to ensure that the company remains at the forefront of innovation in the life insurance industry.
  • Provide sound advice to support the sustainable growth of the business.
  • Train local and regional the company resources to transfer knowledge and tools to transition management of new product risk and pricing to standard processes.
  • Disseminate information and educate local the company resources in regard to new products in the region and requirements for entering new products.
  • Liaise with the company product development and research specialists globally to learn from product trends in international markets and how any new products can be implemented in the Asian markets.
QUALIFICATIONS
  • Accreditation as a fellow in a globally recognized actuarial association.
  • 10+ years of actuarial working experience in life insurance or reinsurance.
  • Pricing / product development experience is required.
  • Knowledge of Asian life insurance markets and product lines highly regarded.
  • Solid understanding of various Individual life insurance products.
  • Excellent English communication skills; strong ability to communicate difficult concepts and negotiates with others to adopt a different point of view.
  • Strong client and business focus.
  • Highly motivated, results oriented and solutions focused.
  • Innovative, proactive and a self-starter with the ability to think outside the box and initiate and drive new products and solutions.
  • Delivery-orientated with the ability to proactively manage stakeholder expectations.
  • Strong attention to detail.
  • Ability to work independently, as part of a team, and to lead cross-functional project teams.
  • Ability and willingness to travel internationally.
  • Ability to work within a virtual office environment including dealing with stakeholders that are not physically in the same office.
  • Advanced MS Office suite - Excel, Word, PowerPoint.