Senior Executive, 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, 2023
  • Employee Type
  • Permanent
  • Full Time
  • Experience range Range (Years) 4 years 5 years We are looking for a Senior Executive to join the Actuarial Pricing team in Singlife.

Purpose of the Role
Price products and support product initiatives that seek to address customer needs and gaps to ensure profitability targets are met with adequate consideration to the inherent risks in the portfolio

Key Responsibilities

  • Responsible for 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
  • Responsible for preparation of discussion materials for the Product Committee meetings
  • Responsible for presenting and leading discussions in Product Committee meetings as person in charge of the relevant products
  • Responsible for ensuring timely submission 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
  • Active participation in negotiation with reinsurers where product and pricing support is required
  • Providing support for adhoc data/statistics request from LIA, MAS, MOH, CPF or other regulatory bodies
  • Supervise and provide guidance to 23 juniors on more complex work and responsible for their training and development of technical knowledge

Requirements:

Experience

  • At least 4 to 5 years of relevant working experience
  • Have strong working & technical knowledge areas of work, and is able to identify issues as well as solve / propose solutions independently
  • Understand the financial mechanics as well as the operations of life insurance business
  • Quick learner, and is analytical with strong problemsolving skills
  • Proficient in MS Office and VBA. Knowledge of Prophet, Alteryx and R will be an advantage
  • Project management skills, communication skills and interpersonal skills, including report writing
  • Strong risk awareness with balance from strong business acumen

Education

  • Major in Actuarial Science and/or passed actuarial papers leading to qualification (under Institute of Actuaries / Society of Actuaries / Institute of Actuaries of Australia)

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