Pricing Manager from a direct life insurer (Singapore)
Job Purpose
As part of the Pricing team, you will be responsible for the pricing and profitability of products in order to achieve the Company’s business strategy.
The Job
- To price participating, non-participating and investment-linked products and ensure the profitability of the products is align with Company’s business strategy.
- To support the implementation of overall product and pricing strategy of life insurance products.
- To develop pricing methodologies in line with actuarial principles and regulatory requirements and design and develop pricing models that meet the internal and regulatory requirements.
- To ensure compliance with internal product and pricing policies, processes, profit margins and external regulatory guidelines to obtain approval/filing for product launches.
- To collaborate with internal functions to integrate new individual life product features into their day-to-day operational activities, including initiating process improvements.
- To discuss with reinsurers and develop suitable reinsurance structures for products requiring reinsurance.
- To lead any actuarial pricing related projects and company-wide initiatives.
- Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
- Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.
- Highlights any potential concerns/risks and proactively shares best risk management practices.
Our Requirements
- Good progress in examination from an internationally recognized actuarial professional body.
- At least 5 years of working experience in Actuarial field.
- Detail-oriented, efficient, self-motivated and able to work under pressure
- Good interpersonal, writing and verbal communication skills
- Good technical and analytical skills
- High level of integrity, takes accountability of work and good attitude over teamwork.
- Takes initiative to improve current state of things and adaptable to embrace new changes.