Actuarial Consultant

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About the Role

Provide the Product Actuary/Pricing Professional the required support for pricing, modeling, product development

Roles and Responsibilities:

• Lead simple pricing projects and ensure the accuracy of models being used for pricing exercise. Lead negotiations for reinsurance arrangements
• Provide actuarial technical support/analysis for more complex product/reinsurance pricing exercises
• Provide valuable proposals/counterproposals to channel heads and product management leads regarding product design, positioning, financial viabilities;
• Preparation/Review of required documents for product/reinsurance filing and approval
• Responsible for end-to-end timely completion of all product development and management requirements of Actuarial; review product development and management deliverables for reasonableness and accuracy
• Responsible for fulfilment of all audit and control requirements and communication of projects assigned
• Responsible for communicating with head of Product/Pricing/Chief Actuary/Group Office, other internal stakeholders (PIC, operations, channel heads) and external stakeholders (Regulators Reinsurers, Auditors) pricing results and product development matters with respect to products/projects being lead
• Review and approve adhoc task results; handle simple demands from different channels

Minimum Job Requirements:

• College graduate with at least Bachelor’s degree related in math/statistics
• 5 years progressive experience in actuarial field, with at least 1 year project management experience
• Minimum qualification is an Associate of Society of Actuaries
• Expertise in applied actuarial knowledge and ample understanding of insurance operations/environment; Expertise in actuarial software
• Effectively communicate actuarial results to actuarial heads and other non-actuarial stakeholders