Actuarial Senior Executive

1. JOB PURPOSE

Dai-chi Life Vietnam is the fast-growing, multi-channel market leader of local life insurance industry. A career in the Actuarial department will provide you an opportunity to be part of a young, dynamic and expanding team, who highly specializes in various areas of the actuarial works such as product development & pricing, capital & risk management, actuarial modelling and distribution initiatives. We are seeking self-motivated and open-minded individuals, who are brave in the world of risk, to join us in making a difference.

2. ACOUNTABILITIES

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

Valuation & Reinsurance

• Prepare internal and regulatory reports on key company financials, including but not limited to statutory valuation, capital management, regulatory reporting, and financial conditional report.
• Develop actuarial modelling using Prophet software to ensure that products or new regulations are promptly and accurately modelled
• Conduct in-depth analysis of financial metrics, including source of profit analysis, with clear explanation of deviations from expectations
• Actively participate in and support the improvement of reporting processes and methodology
• Provide support to the management of company’s reinsurance portfolio.

Risk Management & Special Projects

• Conduct in-depth analysis on actuarial risks (claim, expense, persistency, etc.) on regular basis, to provide updates to Risk Management Committee.
• Participate in the business planning and business forecasting exercises
• Calculate Embedded Value of the company and liaise with the auditors to prepare management report
• Provide actuarial support on distribution initiatives, such as compensation scheme and contests
• Participate in special projects of the department as and when available

3. REQUIREMENTS

Education and Experience

• Bachelor's degree or higher in one of the following fields: Actuarial Sciences, Mathematics or related fields might be considered.
• Minimum 2 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 acctuatial examinations.
• Ability to complete tasks with minimal suppervision.

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.