Assistant Actuarial Manager, Product Development

  • 38487
  • Life - Actuarial
  • |
  • Malaysia
  • |
  • Nov 3, 2020
Insurance
RESPONSIBILITIES
  • Lead the process of end to end for new product development from technical product development through to system implementation, including the necessary approval processes.
  • Support the Company in developing the product strategy including the product roadmap, as aligned with the customer proposition.
  • Proactively and frequently improve the product pricing process through automation, Prophet pricing, and reconciliation with valuation model.
  • Ensure products are administered correctly in the system via robust User Acceptance Testing procedures.
  • Effectively communicate pricing outcome and key sensitivities during Product Development Committee.
  • Support distribution channels on all product-related matters e.g. product roll out, training, sales collaterals.
  • In collaboration with Marketing and Distribution leads, manage enhancements and other changes to products in conjunction with up-sell/ cross-sell promotions and sales campaigns.
  • Drive and lead ad-hoc projects based on emerging business needs.
  • Several examples of expected projects are management of medical portfolio, financial analysis required by Group Office in relation to embedded value and value of new business metrics, and investigations on administration systems based on production issue tickets raised.
  • Assist and be involved in data analytics tasks in order to support business decisions.
  • Develop technical competency/development plan for direct reports.
  • Perform other responsibilities and duties periodically assigned by supervisor in order to meet operational and/or other requirements.
QUALIFICATIONS
  • Minimum Degree holder, preferably in Actuarial Science, and/or Actuarial professional certification.
  • Minimum 5 years of actuarial experience.
  • Strong interpersonal and communications skills.
  • Strong analytical skills and with business acumen.
  • Confident, proactive and good leadership skill.