Assistant Manager / Manager,Actuarial, Pricing (Hong Kong)

Job Summary

Contribute to the team with a specific focus on the following aspects:
• Ability to translate pricing best practice into practical solutions that enhance deal profitability;
• Provide pricing supports to help achieve business growth objectives;
• Engage in pricing related R&D, and new product development initiatives;
• Be part of a dynamic and fast growing team to build client’s profile and brand within the Hong Kong market.

To ensure that *** (Hong Kong) meets our strategic target to be:
An efficient, customer-centric, innovative and highly technical life & health reinsurer to enhance client’s ability to write profitable new business in Hong Kong.

Key duties and responsibilities

• Provide timely pricing support on quotation requests
• Assess business opportunities critically and identify those worth pursuing
• Recommend alternative / innovative deal structures to mitigate key risks while meeting client’s internal profitability objectives
• Lead complex long-term cashflow projection pricing modelling, validation and communication according to the actuarial principle, accounting rules and client’s specific requirements
• Build and support pricing model enhancements for all business lines
• Assist new business reporting
• Review consistency between complex cashflow pricing models with pricing memos
• Ensure quotations sent are accurate and provided within client deadlines
• Provide guidance to junior team members

Other Pricing related duties
• Support the team with various internal projects, including but not limited to: market research, development of pricing guideline across different lines of business, experience monitoring and reporting
• Collaborate closely with the other teams on new product development initiatives
• Assist in the preparation of marketing materials and participate in client visits and / or other marketing initiatives on a needed basis
• Provide pricing support around the Taiwan market on a needed basis
• Provide support on treaty preparation and review on a needed basis
• Ensure adherence to client’s internal pricing processes, and pricing bases are consistent with SGL Pricing Guidelines
• Ensure adherence to other internal controls and best practice standards at all times

Member of the following committees: e.g. Audit committee, Investment Committee etc.
• n/a

Required experience & competencies

• 3 – 6 years of relevant working experience in life & health insurance, reinsurance or consulting fields in Hong Kong
• Familiar with Hong Kong life insurance industry and products (unique protection product pricing knowledge will be a plus)
• In-depth knowledge with Medical and Critical Illness business is preferred
• Background with solvency II and economic capital is preferred
• Familiar with Excel and other actuarial softwares such as Prophet or/and AXIS
• Ability to work in a team environment embedded in a global network

Personal Competences:
• Excellent communication and interpersonal skills
• Excellent analytical skills
• Hard working, self-motivated and take ownership
• Able to work under pressure and excellent time management
• Stable and long term commitment to the job
• Ability to make presentation and influence on local & regional level is a plus

Required Education
• Undergraduate degree in Actuarial Science or related discipline
• Associateship or nearly fully qualified in actuarial bodies
• Part qualified candidates with relevant and solid experience is preferred