Senior Executive, Pricing - Singapore - Singapore Life Ltd.

Singapore Life Ltd.

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

beBee Recruiter

Description

4 Shenton Way, SGX Center 2, Singapore, Singapore, Singapore

Department
Pricing
Individual Life
Job posted on
Feb 13, 2023
Employee Type
Permanent
Full Time
Experience range Range (Years) 4 years 5 years We are looking for a Senior Executive to join the Actuarial Pricing team in Singlife.

Purpose of the Role
Price products and support product initiatives that seek to address customer needs and gaps to ensure profitability targets are met with adequate consideration to the inherent risks in the portfolio

Key Responsibilities

Responsible for pricing of new products and repricing of existing products to ensure profitability targets are met with adequate consideration to the inherent risks in the portfolio
Collaborate with Product team, IT, Operations, Claims, Investment, Finance, Risk Management, and other relevant stakeholders to address any product related issues and close the gaps so that product initiatives can be launched timely
Responsible for preparation of discussion materials for the Product Committee meetings
Responsible for presenting and leading discussions in Product Committee meetings as person in charge of the relevant products
Responsible for ensuring timely submission and filling of the premium certificates for products to MAS
Carry out regular experience analysis (including MI reports) for the individual business to ensure management has sufficient insights into the business
Produce projections of loss ratios and operating profits for the Retail Health portfolio
Support PSQ, UAT/Signoff system issues/product collaterals and address operational issues from pricing's standpoint
Active participation in negotiation with reinsurers where product and pricing support is required
Providing support for adhoc data/statistics request from LIA, MAS, MOH, CPF or other regulatory bodies
Supervise and provide guidance to 23 juniors on more complex work and responsible for their training and development of technical knowledge

Requirements:

Experience

At least 4 to 5 years of relevant working experience
Have strong working & technical knowledge areas of work, and is able to identify issues as well as solve / propose solutions independently
Understand the financial mechanics as well as the operations of life insurance business
Quick learner, and is analytical with strong problemsolving skills
Proficient in MS Office and VBA. Knowledge of Prophet, Alteryx and R will be an advantage
Project management skills, communication skills and interpersonal skills, including report writing
Strong risk awareness with balance from strong business acumen

Education

Major in Actuarial Science and/or passed actuarial papers leading to qualification (under Institute of Actuaries / Society of Actuaries / Institute of Actuaries of Australia)