Actuary

  • 38945
  • Life - Actuarial
  • |
  • Hong Kong
  • |
  • Jan 23, 2021
Reinsurance
RESPONSIBILITIES
  • Establish propositions as standalone solution or add-on to existing solutions, and establish pricing basis
  • Work closely with medical, local and regional pricing to get through concerns and approvals independently
  • Provide idea inputs to quote requests from clients. Work closely with business development and pricing teams to understand clients’ needs and provide high level financial and implementation analysis on proposed ideas
  • Apart from high level pricing, be responsible for addressing practical difficulties in full quotation to ensure ideas / basis / proposed solutions are implementable
  • Identify needs of coverage and areas for product development
  • Liaise with regional product development, medical, underwriting and other research specialists to learn about product trends in international markets as well as other actuarial insights. Also proactively exchange product concepts with other product development units
  • Assist in assessing macro trend impact and influencing ideation
QUALIFICATIONS
  • Accreditation as a fellow in a globally recognized actuarial association
  • 6 years to 10 years of actuarial working experience with pricing / product development experience either with insurer or reinsurer, will particularly consider candidates with strong understanding of insurance companies profit metrics and development of CI products
  • Experience in experience studies or data analysis that analyze patient journey
  • Experience in product designs that help relive insurance companies’ pain points such as earning impact due to interest rate fluctuation, capital injection due to interest rate drop and delayed profit emergence pattern
  • Understanding of various individual life insurance products
  • Knowledge of the Hong Kong and high net worth life insurance markets and product lines highly regarded
  • Fluency in modeling to facilitate financial solution feasibility assessment
  • Highly organized, delivery-orientated with the ability to work with multiple concurrent projects
  • Excellent English communication skills - both written and verbal, Asian language skills desirable
  • Highly motivated, results oriented and solutions focused
  • Strong attention to detail
  • Ability to work independently and as part of a team