Associate / AVP, Group Pricing

SINGAPORE LIFE LTD.; Singapore; On-site; SGD 120,000 - 180,000; Full time

Job summary

Singlife in Singapore is seeking an experienced pricing leader to support the VP in Group Pricing, delivering pricing strategy, product development and risk management for employee benefits and healthcare products.

You will lead pricing tenders, renewals and new products, oversee junior staff, coordinate with Sales, Finance, Ops, IT and Reinsurers, and drive pricing analytics and automation using AI.

Qualifications

• 6–8 years of relevant experience in group insurance or employee benefits pricing.
• Progress in actuarial examinations; near qualification preferred.
• Strong analytical and data skills; proficient in Excel, Access, VBA, R and Prophet.
• Proven stakeholder management and effective communication skills.
• Ability to coach junior team members.

Responsibilities

• Oversee day-to-day allocation and coach junior staff.
• Drive pricing for tenders, renewals and new products with VP oversight.
• Lead pricing initiatives for strategic projects and ad-hoc analyses.
• Coordinate with Sales, Finance, Ops, IT and Reinsurers.
• Oversee analysis to inform pricing assumptions and insights.
• Support treaty negotiations and reinsurance analysis.
• Develop pricing tools and automation leveraging AI.
• Ensure governance and approvals for pricing processes.

Skills

Pricing strategy

Stakeholder management

Team coaching

Data analysis

Communication

AI tools usage

Analytical skills

Education

Bachelor's/Master's in Actuarial Studies

Actuarial qualification progress

Tools

Excel

Access

VBA

R

Prophet

Job description

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time. Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan's leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Appointments

Support the VP in leading the Group Pricing team, delivering pricing, product development and risk management for employee benefits and healthcare products, ensuring competitiveness, profitability and compliance with internal risk and governance frameworks.

Key Responsibilities

• Support VP in Team Leadership and Delivery - oversee day-to-day allocation, review work and coach junior staff
• Co-lead Pricing Strategy and Case Execution - drive pricing for tenders, renewals and new products with VP oversight
• Strategic and Ad-hoc Projects - Lead identified business initiatives (e.g. affinity schemes/promotional products, P&L analysis)
• Cross-functional Stakeholder Management - coordinate with Sales, Finance, Ops, IT and Reinsurers
• Experience Analysis and Insights - oversee analysis, ensure insights inform pricing and assumptions
• Reinsurance Management - support treaty negotiations and analysis
• Process Improvement - lead development of pricing tools and automation, leveraging AI
• Governance and Approvals - ensure compliance with pricing governance and approval frameworks

Key Decisions within the Role

• Recommend pricing decisions within delegated authority
• Lead initiatives/discussions and upscale non-standard cases appropriately
• Influence pricing assumptions and methodologies
• Support portfolio and profitability management decisions

Requirements

Experience

• 6-8 years of relevant experience (experience in group insurance / employee benefits pricing is an advantage)
• Demonstrated use of AI tools or applications will be an advantage
• Progress in actuarial examinations (qualified actuary or near qualification preferred)
• Strong analytical and data skills, with proficiency in Excel and experience in tools such as Access, VBA, R, and Prophet
• Proven stakeholder management and effective communication skills
• Ability to review work and coach or guide junior team members

Education

• Academic: Bachelor's/Master's degree in Actuarial Studies or similar
• Professional Certification(s): Progress in actuarial examinations (qualified actuary or near qualification preferred)

Key Stakeholders

External

• Customers: MINDEF, Employee benefit brokers and clients
• Others: KPMG, Medical Network Providers
• Liaison: LIA, MAS, Reinsurers

Internal

• Chief Actuary, Group Business, Finance, Risk, Legal & Compliance ance