SEA Pricing & Product Strategy Actuary

Chubb; Hong Kong; On-site; HKD 600,000 - 900,000; Full time

Job summary

Chubb Life South East Asia in Hong Kong seeks a Life Actuary to support the SEA Chief Actuary in analyzing product development, pricing and business strategy across SEA markets. You will collaborate with local and global teams to ensure robust product design and governance.

Key duties include reviewing product submissions, refining pricing frameworks, supporting partnerships, preparing materials for Product Approvals and Risk Committees, and developing pricing tools to monitor profitability.

Qualifications

• Recently or nearly qualified Life Actuary (FSA or equivalent) required.
• Minimum 5 years actuarial experience in life insurance, preferably pricing/product.
• Familiarity with regulatory and product landscape of SEA markets.
• Understanding of U.S. GAAP, LDTI, IFRS17 is a plus.
• Strong modeling skills in Excel; knowledge of Prophet and SQL is a plus.
• Additional language skills are a plus.

Responsibilities

• Support South East Asia Chief Actuary in reviewing product manual submissions. Perform further analysis or risk assessment as and when needed
• Ensure products developed are competitive with appropriate design
• Ensure the product pricings are robust and appropriate in accordance with the latest assumptions, guidelines, underwriting process, and pricing frameworks
• Provide product and pricing support for new distribution deals, new partnership opportunities, or other business development activities
• Identify any gaps and enhance existing product/pricing review and approval process and management reporting on products
• Provide support in enhancement of existing pricing methods, assumption development, or profitability measurements as required to keep methodologies relevant considering changes in regulations, market conditions, capital or accounting standards (e.g. LDTI, IFRS 17)
• Conduct pricing deep dive into key markets’ new business portfolio to identify risks, challenges and mitigating actions
• Track and follow-up on all product approvals pending relevant global stakeholders
• Prepare materials and participate in Product Approvals meetings
• Support South East Asia Chief Actuary with various internal projects
• Prepare materials and participate in Product and Risk Committee meetings
• Collaborate and coordinate with various Local and Global teams, and any external consultants to ensure timely and successful delivery of the projects
• Develop, maintain, and enhance tools for product pricing review and monitoring
• Collaborate with Local and Global teams to develop business strategy and new products
• Actively participate in local countries annual business planning. Monitor and oversee business plan execution from product/pricing perspectives
• Collaborate with and support local countries in M&A and partnership opportunities from product and pricing perspectives
• Support South East Asia Chief Actuary with various internal projects
• Prepare materials and participate in Product and Risk Committee meetings
• Collaborate and coordinate with various Local and Global teams, and any external consultants to ensure timely and successful delivery of the projects
• Develop, maintain, and enhance tools for product pricing review and monitoring

Skills

Actuarial experience 5+ years

Regulatory & SEA market knowledge

Pricing modeling (Excel), Prophet, SQL

Languages (additional)

Education

Recently or nearly qualified Life Actuary (FSA or equivalent)

Tools

Prophet

SQL

Excel

Job description

Chubb Life South East Asia in Hong Kong seeks a Life Actuary to support the SEA Chief Actuary in analyzing product development, pricing and business strategy across SEA markets. You will collaborate with local and global teams to ensure robust product design and governance.

Key duties include reviewing product submissions, refining pricing frameworks, supporting partnerships, preparing materials for Product Approvals and Risk Committees, and developing pricing tools to monitor profitability.