Actuarial Officer - Team Pricing

1. PURPOSE

• The Actuary Officer is responsible for supporting the development and pricing of insurance products, ensuring alignment with regulatory requirements, internal policies, and market competitiveness. This role plays a key part in product approval processes, profitability analysis, and implementation, working closely with internal stakeholders and external partners such as reinsurers and third-party administrators (TPAs). Additionally, the Actuary Officer provides technical expertise to support distribution channels in launching new initiatives and partnerships, contributing to the company’s overall growth and sustainability.

2. ACCOUNTABILITIES

Product & Pricing

• Design the features and carry out the pricing of new products according to the agreed timeline and in line with regulatory and internal requirements.
• Prepare the approval documents to Product Committee, Regional office and regulatory authorities
• Participate in the product implementation process, including reviewing product documents and system testing.
• Liaise with external parties such as reinsurers, TPA in product-related matters
• Manage pricing models to perform profitability analysis
• Support agency and alternative distribution channels in new initiatives or partnerships

3. REQUIREMENTS

Education and Experiences

• Bachelor's degree or higher in one of the following fields: Actuarial Sciences, Mathematics or related fields might be considered.
• Minimum 4 years of experience in life insurance
• Deep understanding of local life insurance market (e.g. products, regulations)

Technical skills

• Good progress in actuarial qualifications
• Mathematical, Research, Analytical skills
• Problem solving

Soft skills

• Strong Excel, Access and relevant modelling skills
• Strong communication and interpersonal skills, with fluency in English
• Self-learning

Personal attributes

• Multi-tasking
• Attention to details, committed to write actuarial examinations.
• Ability to complete tasks with minimal supervision.

4. CHALLENGES

• Have ability to understand and solve actuarial assignments.
• Be committed to actuarial career.
• Be able to complete the assigned work and projects as scheduled.
• Be able to produce a comprehensive and neat working paper and report.