AVP – Actuarial In-Force Management & Analytics from a Life Insurer (Thailand)
MAIN PURPOSE OF JOB:
- Responsibilities Managing the Actuarial In-force Management team. Additional responsibilities involve actuarial special projects and analytics
KEY RESPONSIBILITY AREA:
Actuarial In-Force Management:
- Lead on actuarial analysis of in-force management initiatives and campaigns to optimize value creation.
- In-force campaigns budget steering.
- Lead and manage persistency and retention analysis, propose persistency initiatives and campaigns.
- Support the health teams in the analysis and understanding of claims and customers behavior.
- Lead financial reinsurance initiatives for capital management and balance sheet optimization purposes.
Par Fund Management:
- Oversee the annual participating bonus supportability studies and declaration and system UAT.
- Annual review of the sales illustration for on shelf participating products.
- Support Pricing teams as needed on participating products bonus setting.
- Oversee, review, enhance and maintain fair and effective Par bonus management practice and principles.
- Maintain and enhance the Principles and Practices of Financial Management of the Participating fund.
- Oversee the declaration of Universal Life crediting rate.
- Responsible for the governance of Par Steering Committee.
- Ensure procedures and processes are adequately documented.
Other Project:
- Any other special project to be implemented by the company needing actuarial support and guidance.
Staff supervision:
- Supervise, delegate, coordinate and review the work of team members
Requirements:
- B.Sc. or M.Scs. in Actuarial studies / Statistics / Mathematics / Sciences
- At least 8-10 years life insurance working experience
- Experience with Participating fund management
- Experience interacting with distribution and products teams and driving business initiatives.
- Good knowledge of Excel and Prophet (or similar) is required.
- A good command of English, since it is the office language.
- Preferably a Qualified actuary from a recognized international actuarial association.