1. The opportunity:
• 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. Principal 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
- 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. Job Requirements
- Qualification:
• Bachelor of Math and IT Science or Bachelor of Economies.
• Minimum 2 years of experience in life insurance.
- Skill:
• Good progress in actuarial qualifications.
• Excellent technical, analytical and problem solving skills.
• Deep understanding of local life insurance market (e.g. products, regulations).
• Strong Excel, Access, and relevant modelling skills.
- Characteristic:
• Strong communication and interpersonal skills, with fluency in English.
4. Working Relations
• Colleagues from AP, AA, BD, IT, OP, Accounting, Investment divisions.
5. Challenges:
• Have ability to understand and solve actuarial assignments.
• Be committed to actuarial career.
Location: HCMC
Deadline for application: 30-06-2023
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