Actuarial Pricing Manager/ Assistant Manager

  • 36896
  • Life - Actuarial
  • |
  • Singapore
  • |
  • Feb 26, 2020
Insurance
RESPONSIBILITIES
  • Provide support in the product design, indicative pricing, new product modelling as well as preparation of materials for regulatory submission.
  • Recommendation of reinsurance arrangement, negotiation and review of reinsurance arrangement.
  • Involve in pricing related special projects e.g. setup and submission of Web Aggregator/CompareFirst requirements, sales incentives review, and any regulatory changes in the benefit illustration and product summary etc.
  • Provide support in the new products setup of sales illustration system, including policy values calculation and product summary.
  • Provide support in the new products setup of administration system.
  • Setup reinsurance system, settlement of reinsurance payment.
  • Assist product and distribution team to come up with product documents that can assist in the sales process.
  • Assist in the annual review exercises of key selling products and policies such as pricing policy and reinsurance management strategy.
  • Follow up with Day 2 requirements of the launched products.
  • To participate in projects assigned by the department head.
  • All products are submitted to MAS for approval no more than 2 weeks from the date that all documents are finalized.
  • To ensure that reinsurance payment calculation due to the reinsurances are send to reinsurer no more than the period stated in the agreement with the reinsurers.
QUALIFICATIONS
  • Knowledge in actuarial pricing of life insurance products.
  • Familiar with the Singapore insurance regulation pertaining to pricing, reserving and solvency.
  • Familiar with using Excel/Access and/or actuarial software.
  • Must be a member of an actuary association recognized by the Singapore Actuarial Society.