Life Pricing Intern (6 Months Contract)

FWD Insurance; Singapore; On-site; SGD 42,000 - 65,000; Full time

Job summary

FWD Group in Singapore seeks a junior pricing analyst to support life product pricing and contribute to product launches.

You will build pricing models, assess feasibility, coordinate with stakeholders, and help ensure robust controls and regulatory filings, with exposure to IFRS 17 and actuarial tools on the job.

Qualifications

• Degree holder with 1-2 years in life insurance; fresh graduates considered.
• Strong knowledge of the life insurance industry.
• Excellent command of English and strong interpersonal/communication skills.

Responsibilities

• Support life pricing tasks: feasibility assessment, pricing model building, assumptions, calculations, sensitivity testing, pricing reports and regulatory filings.
• Coordinate with internal stakeholders to ensure new products launch with robust checks and compliance.
• Develop a culture of pricing innovation through collaboration with partners, customers and reinsurers.
• Identify, track and document pricing risks; assist in evaluating potential solutions.
• Gain exposure to actuarial concepts and tools (RBC2, EV, Prophet, IFRS 17) through on-the-job learning.
• Support ad-hoc projects and initiatives within Pricing and Distribution Support to meet KPIs.

Skills

Life insurance knowledge

Interpersonal skills

English communication

Education

Bachelor's degree

Job description

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

If you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

To support Life product pricing and be involved in product development through to product launches.

KEY ACCOUNTABILITIES

• Support the life pricing team in product pricing tasks, including product feasibility assessment, building pricing model, propose assumptions, perform financial calculations, sensitivity testing, completing pricing report and regulatory filing.
• Assist the team in coordinating with internal stakeholders to ensure new products are launched successfully complete with robust checks, integration of full workflow and compliance to relevant policies, regulations and guidelines.
• Develop strong culture of product innovation through collaboration with partners, customers, internal stakeholder and re-insurers.
• Assist in identifying, tracking, and documenting product and pricing risks, and support the team in evaluating potential solutions.
• Gain exposure to actuarial concepts and tools such as RBC2, Embedded Value (EV), Prophet, and IFRS 17 through on-the-job learning and project participation.
• Support in ad-hoc projects and initiatives across the Pricing team and Distribution Support functions to deliver business requirements and KPIs.

QUALIFICATIONS / EXPERIENCE

• Degree-holder with 1 - 2 years of experiences in life insurance companies
• Fresh graduate can be considered

KNOWLEDGE, SKILLS & ABILITY

• Strong knowledge about life insurance industry
• Strong interpersonal and communication skills
• Excellent command of English