Pricing Actuary

  • 37383
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • May 14, 2020
  • Assess business opportunities critically and identify those worth pursuing.
  • Recommend alternative / innovative deal structures to mitigate key risks while meeting the Company’s internal profitability objectives.
  • Lead complex long-term cash flow projection pricing modelling, validation and communication according to the actuarial principle, accounting rules and the company specific requirements.
  • Build and support pricing model enhancements for all business lines.
  • Assist new business reporting.
  • Review consistency between complex cash flow pricing models with pricing memos.
  • Ensure quotations sent are accurate and provided within client deadlines.
  • Support the team with various internal projects, including but not limited to, market research, development of pricing guideline across different lines of business, experience monitoring and reporting.
  • Collaborate closely with the other teams on new product development initiatives.
  • Assist in the preparation of marketing materials and participate in client visits and / or other marketing initiatives on a needed basis.
  • Provide pricing support around the market on a needed basis.
  • Provide support on treaty preparation and review on a needed basis.
  • Ensure adherence to the company’s internal pricing processes, and pricing bases are consistent with the company pricing guidelines.
  • Ensure adherence to other internal controls and best practice standards at all times.
  • 3 - 6 years of relevant working experience in life & health insurance, reinsurance or consulting fields in Hong Kong.
  • Familiar with Hong Kong life insurance industry and products.
  • In-depth knowledge with Medical and Critical Illness business is preferred.
  • Background with solvency II and economic capital is preferred.
  • Familiar with Excel and other actuarial software’s such as Prophet or/and AXIS.
  • Ability to work in a team environment embedded in a global network.
  • Excellent communication and interpersonal skills.
  • Excellent analytical skills.
  • Hard working, self-motivated and take ownership.
  • Able to work under pressure and excellent time management.
  • Stable and long term commitment to the job.
  • Ability to make presentation and influence on local & regional level is a plus.
  • Undergraduate degree in Actuarial Science or related discipline.
  • Associateship or nearly fully qualified in actuarial bodies.
  • Part qualified candidates with relevant and solid experience is preferred.