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About the Role
Provide the Product Actuary / Pricing Professional the required support for pricing, modelling, product development and management
Strategic Responsibilities
- Lead financial portion of product development and management projects : Provide valuable proposals / counterproposals to channel heads and product management leads regarding product design, positioning, financial viabilities and ensure the accuracy of models being used for pricing exercise.
- Review of required documents for product / reinsurance filing and approval
- May lead negotiations for simple reinsurance arrangements.
- 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 and management matters with respect to products / projects being led.
Operational Responsibilities :
Responsible for end-to-end timely completion of all assigned product development and management requirements of Actuarial; review product development and management deliverables for reasonableness and accuracyResponsible for fulfilment of all audit and control requirements and communication of projects assigned.Review and approve ad hoc task results; lead pricing strategic initiatives.Handle simple demands from different channels.People Management Responsibilities :
Manage the overall performance of the team to deliver and meet the KPIs agreed.Coach and provide guidance to Actuarial Pricing TeamMinimum Job Requirements :
College graduate with at least bachelor’s degree related in Math / StatisticsMinimum of 7 years progressive experience in actuarial field; experience in project management and exposure to people managementMinimum qualification is an Associate of Society of Actuaries or equivalent; near Fellow.Expertise in applied actuarial knowledge and ample understanding of insurance operations / environment.Can effectively communicate actuarial results to actuarial heads and other non-actuarial stakeholders.Ability to negotiate and influence (to some level)