What We Can Offer
Reports to: Senior Manager – Actuarial Pricing
Job Scope / Position Summary
Why does the position exist? What objectives does this position have to achieve?
This candidate is a member of the Actuarial department, reports to Head of Pricing and in charge of product pricing, reinsurance, system implementation and distribution development.
Within each Area of Responsibility, provide a brief description and define why the incumbent needs to fulfill the responsibility. (Not more than 5 )
• Coordinate with Product team to conduct feasibility study and develop product design
• In charge of product pricing, modeling, profitability testing and analysis of competitors’ products
• Provide inputs for various reinsurance activities: product conceptualization, quotation, treaty review and periodic benchmarking exercise
• Prepare product specifications, regulatory filings and Regional submission related to new products
• Provide support on new product initiatives
• Working with other functions on product UAT and other system implementation plans
• Engage in various distribution development initiatives including compensation and partnership deals
• Other ad-hoc tasks assigned by the Line manager or Company’s management (if any)
• Degree holder in Mathematics, Actuarial Science, Statistics or related quantitative subject from a recognized university
• Knowledge of Actuarial science (near ASA qualification is preferred)
• 3-5 years of relevant actuarial experience
• Good command of written and spoken English
• Good analytical skill
• Knowledge of Excel, MS Word, database software and Prophet
• Ability to work independently with minimal supervision
• Ability to communicate clearly, both verbally and in writing
• Solid actuarial background
Appendix : Mercer Job Evaluation Factors
1. Impact: The nature of the job’s influence on the organization and the breadth and depth of the job’s contribution.
2. Communication: The type of communication skills required by the job, the purpose of communication and the audience with which the job communicates.
3. Innovation: The level of problem solving and design development that the job requires and the nature of the problems the job typically encounters.
4. Knowledge: The nature of technical (and/ or organizational) skills and knowledge required by a job, people management requirements and geographical context.
5. Risk: The nature of mental and physical risk associated with the job and the conditions in which the job operates.