What the role is?
In this role, you will be responsible for ensuring accurate pricing methodologies, guiding a team of actuarial professionals, and collaborating effectively with cross-functional stakeholders. This role is pivotal in enhancing our product offerings and positioning the Company for future growth.
- Lead pricing projects independently from inception to completion, ensuring timely delivery of all project milestones.
- Guide and oversee the work quality of juniors, ensuring that all work and pricing results and customer/channel-facing materials are accurate and clearly explained.
- Develop, implement, and review pricing spreadsheet/actuarial program and methodologies for new insurance products or the proposed product feature change, ensuring accuracy and alignment with regulatory standards and company policies;
- Liaise with reinsurers and other stakeholders in an effective manner and ensure cohesive product development.
- Mentor and coach team members to enhance their technical skills and optimize overall team performance.
- Identify and evaluate potential product risks, proposing effective mitigation strategies to immediate seniors.
- Challenge existing practices and identify opportunities for process enhancements to support effective operations.
What we look for?
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related disciplines; fellowship in a recognized actuarial society preferred.
- Minimum of 7 years of actuarial experience in the life insurance sector, with at least 1-2 years in a managerial role.
- Proven experience in leading pricing projects independently.
- Strong knowledge of regulatory requirements (RBC, IFRS 17) and actuarial principles.
- Proficient in MS Office, particularly Excel; experience with Prophet is an advantage.
- Exceptional analytical, problem-solving, and communication skills.
- Good command of spoken in English and Chinese (Cantonese is a plus).