Senior Actuarial Manager, Product Pricing

  • 37143
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Mar 31, 2020
Insurance
RESPONSIBILITIES
  • Provide pricing and design recommendations that are relevant to the business and external stakeholders.
  • Lead the team to prepare actuarial reports on product developments and channel compensation for review by Head of Actuarial Product Pricing / Product Actuary, Chief Actuary, Chief Risk Officer and the relevant business teams.
  • Manage re/insurance arrangement, experience studies and setting key assumptions for financial projections.
  • Represent the Product Actuary in product and channel project teams and meetings; agreeing decisions and actions within limits delegated by the Head of Actuarial Product Pricing / Product Actuary.
  • Recommend pricing assumptions and methodologies to the Head of Actuarial Product Pricing / Product Actuary and Chief Actuary.
  • Ensure that product reports comply with risk management policies.
  • Develop technical basis and underlying assumptions on life risk, e.g. Critical Illness risks covering HK and other the company Asian entities perimeter.
  • Review assumptions documents, methodology guidelines and specifications.
  • Plan and manage workflow for assigned tasks and coordinates the plans with the business team.
  • Manage and implement changes to experience investigations and reinsurance arrangements to ensure timely implementation and in line with specification by the Head of Actuarial Product Pricing / Product Actuary.
  • Ensure that documentation and audit trail are maintained up-to-date for all processes.
QUALIFICATIONS
  • Qualified or nearly qualified Actuary.
  • 8 or more years’ experience in the life insurance industry of which 3 years at supervisory level.
  • Strong organizational, problem solving and communication skills.
  • Able to work independently as well as a good team player.
  • Good command of business English, both in written and spoken form.