Strategic Pricing Expert for Life Insurance
1 month ago
We are seeking an experienced Strategic Pricing Expert to join our Actuarial Pricing team at Singlife. As a key member of our team, you will be responsible for pricing new products and repricing existing ones to ensure profitability targets are met while considering inherent risks in the portfolio.
The ideal candidate will have a strong working and technical knowledge of actuarial science, financial mechanics, and life insurance operations. You should be able to identify issues and propose solutions independently, with excellent analytical and problem-solving skills. Proficiency in MS Office and VBA is essential, with knowledge of Prophet, Alteryx, and R being a plus.
You will collaborate with various stakeholders, including the Product team, IT, Operations, Claims, Investment, Finance, Risk Management, and other relevant teams to address product-related issues and close gaps for timely product launches. Your responsibilities will also include preparing discussion materials for Product Committee meetings, presenting and leading discussions, ensuring timely submission and filling of premium certificates, conducting regular experience analysis, producing projections of loss ratios and operating profits, and providing support for ad-hoc data and statistics requests from regulatory bodies.
In addition to your technical expertise, you should possess strong project management skills, communication skills, and interpersonal skills, including report writing. A quick learner with a strong business acumen and risk awareness is essential for success in this role.
The successful candidate will have at least 4 to 5 years of relevant working experience, a major in Actuarial Science, or passed actuarial papers leading to qualification under the Institute of Actuaries, Society of Actuaries, or Institute of Actuaries of Australia. The estimated salary for this position is around $120,000 - $150,000 per annum, depending on location and experience.
Singlife offers a competitive compensation package, including benefits and opportunities for professional growth and development. If you are a motivated and results-driven individual looking to take your career to the next level, we encourage you to apply for this exciting opportunity.
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