Life Pricing Manager/Assistant Manager

2 days ago


Singapore FWD SINGAPORE PTE. LTD. Full time
Roles & Responsibilities

PURPOSE

Support the Head of Pricing in the pricing of life insurance products.


KEY ACCOUNTAIBILITIES

  • Develop actuarial pricing model for new or repriced products.
  • Perform pricing financial assessment and sensitivity testing to support the Team in launching competitive products whilst ensuring compliance to internal policies, regulatory requirements and industry guidelines.
  • Identify pricing risks and support Team Lead in developing solutions for alignment at the PMC.
  • Collaborate with wider business (including product development, IT, risk & compliance, etc) to ensure timely end-to-end product development and implementation with good audit trail.
  • Prepare internal (FWD local entities and FWD Group) and external product filing.
  • Work closely with Appointed Actuary in proposing assumptions for new products and justifications.
  • Pro-actively drive initiatives/projects to enhance overall pricing process efficiency and governance/controls.
  • Support discussion and negotiation on reinsurance, together with Product team
  • Assist in special quotations.
  • Guide/lead junior pricing actuaries to ensure quality and timely deliverable.

QUALIFICATIONS / EXPERIENCE

  • Qualified actuary from a recognized professional actuarial body is preferred.
  • Min 6 - 8 years of actuarial experience, with individual life product pricing experience.

KNOWLEDGE, SKILLS & ABILITY

  • Strong knowledge on (i) Singapore RBC2 or similar regulatory framework, (ii) embedded value and (iii) IFRS17 would be an advantage.
  • Good knowledge of Life insurance products in the Singapore market would be an advantage.
  • Proficient in Prophet.

Tell employers what skills you have

Integration
Actuarial
Policy
feasibility
Actuarial Science
guidelines
Control
Finance
product pricing
Life insurances

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