Senior Pricing Actuarial Manager: Life Insurance Growth

Peoplus Recruitment; Hong Kong; On-site; HKD 900,000 - 1,500,000; Full time

Job summary

Global InsuranceCompany in Hong Kong seeks a highly motivated Senior Manager to lead product pricing initiatives, leveraging actuarial expertise to develop competitive and sustainable solutions. You will influence assumptions setting, cash flow modelling, ALM, investments and capital management to drive new business across channels.

The role requires leadership to drive pricing projects, communicate with cross-functional stakeholders at local, regional and group levels, and oversee end-to-end

Qualifications

• University graduate in Actuarial Science or related disciplines with over 10 years of relevant experience
• Fellow of a recognized actuarial body, e.g. SOA, IFoA, FIAA, HKIA or equivalent
• Good knowledge of life actuarial techniques, tools and requirements (HKRBC, IFRS 17)
• Strong passion and interest to understand market dynamics to pricing innovation
• Strong analytical, communication and interpersonal skills; experience in engaging with senior executives and influencing business decisions an advantage
• Proficient in MS Office, VBA and actuarial software (e.g. Prophet)
• Self-driven with strong sense of commitment, able to work independent n and under pressure
• All personal data provided by job applicants will be used for recruitment purpose only.

Responsibilities

• Lead end-to-end pricing development for Savings and Protection focused life insurance products (e.g., Participating, Universal Life, Investment linked, Term and Critical Illness)
• Develop pricing models using actuarial assumptions (mortality, morbidity, lapse, expenses, investment returns)
• Perform sensitivity and scenario testing to assess financial impact
• Communicate effectively with collaboration among different stakeholders for an aligned product solution: from identifying the risks to reaching the consensus for the controls required; from serving the business need to fulfilling the financial metrics required
• Develop the pricing report to seek product approval according to the product development process / regulatory requirements
• Work closely with other teams in product implementation to ensure timely and accurate delivery
• Conduct on-going monitoring of product profitability and sustainability
• Comply regulatory, audit, and internal governance requirements as applicable

Education

Actuarial Science degree

Tools

Prophet

Job description

Global InsuranceCompany in Hong Kong seeks a highly motivated Senior Manager to lead product pricing initiatives, leveraging actuarial expertise to develop competitive and sustainable solutions. You will influence assumptions setting, cash flow modelling, ALM, investments and capital management to drive new business across channels.

The role requires leadership to drive pricing projects, communicate with cross-functional stakeholders at local, regional and group levels, and oversee end-to-end