Actuarial Specialist

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About the Role

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

Roles and Responsibilities:

• Lead simple pricing projects and ensure 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/counter proposals to channel heads 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 requirements of Actuarial review product development deliverables for reasonableness and accuracy.
• Responsible for fulfillment 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.
• Review distribution channel compensation or campaign assessment results communicate effectively with various channel heads proposals or counter proposals and results of assessments.

Minimum Job Requirements:

• College graduate with at least Bachelor's degree related in math/statistics.
• 5 years of progressive experience in actuarial field, with at least 1 year project management experience.
• 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.