Analyst, Individual Life Pricing

2 weeks ago


Singapore Singapore Life Ltd. Full time
4 Shenton Way, SGX Center 2, Singapore, Singapore, Singapore

  • Department
  • Pricing
  • Individual Life
  • Job posted on
  • Feb 13, 2024
  • Employee Type
  • Permanent
  • Full Time
  • Experience range (Years yearsSinglife is a leading homegrown financial services company offering consumers a better way to financial freedom. Through innovative, technologyenabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.


In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform.

It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme.

Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

First announced in September 2020 and valued at S$3.2 billion, the merger of Aviva Singapore and Singlife was the largest insurance deal in Singapore then and created one of the largest homegrown financial services companies in the republic.


Key Appointments

  • Provide pricing, reinsurance reporting and operational support to the actuarial team

Key Responsibilities

  • Assist pricing of new products and repricing of existing products to ensure profitability targets are met with adequate consideration to the inherent risks in the portfolio
  • Collaborate with Product team, IT, Operations, Claims, Investment, Finance, Risk Management, and other relevant stakeholders to address any product related issues and close the gaps so that product initiatives can be launched timely
  • Assist in preparation of discussion materials for the Product Committee meetings and filling of the premium certificates for products to MAS
  • Carry out regular experience analysis (including MI reports) for the individual business to ensure management has sufficient insights into the business
  • Produce projections of loss ratios and operating profits for the Retail Health portfolio
  • Support PSQ, UAT/Signoff system issues/product collaterals and address operational issues from pricing's standpoint
  • Provide support for adhoc data/statistics request from LIA, MAS, MOH, CPF or other regulatory bodies

Requirements:

  • Experience / Skills
  • 13 years of experience in related fields. Experience in pricing, valuation, system implementation
  • Knowledge and basic understanding of reinsurance arrangements are preferred
  • Interested in driving changes with solutionseeking mindset
  • Prioritization, project and timeline management skills
  • Excellent communication and interpersonal skills
  • Good skills of MS Excel, SQL, Access

Education

  • University degree, preferably majored in Actuarial, Finance/Accounting with progress made towards an actuarial qualification

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