Manager, Actuarial Pricing - HSBC Life

HSBC; Singapore; On-site; SGD 80,000 - 120,000; Full time

Job summary

HSBC is seeking a high-caliber professional for the role of Manager, Actuarial Pricing. This position involves overseeing the pricing processes for new products and ensuring compliance with statutory responsibilities under the Insurance Act. Opportunities for career development abound within a leading global institution that serves clients with a range of life insurance solutions.

Qualifications

• Experience in actuarial pricing and financial modeling required.
• Strong analytical skills and ability to work collaboratively.
• Knowledge of regulatory frameworks under the Insurance Act.

Responsibilities

• Support end-to-end pricing and implementation of new products.
• Collaborate with IT and Product teams for timely system migration.
• Engage in risk management and strengthen risk controls.

Skills

Financial analysis

Risk management

Collaboration

Education

Degree in Actuarial Science or related field

Job description

Some careers grow faster than others.

If you’re looking for a career that offers numerous opportunities for development, join HSBC and unlock a future full of potential. Whether aiming for leadership or exploring new directions, HSBC provides opportunities, support, and rewards to help you advance.

HSBC Life is a world-class institution where you can specialize in insurance while benefiting from being part of a leading global international bank. We serve clients across the Asia-Pacific region with a variety of life insurance products and services.

Our workplace is dynamic and innovative, offering a wealth of career development opportunities. We empower our high-performing team members to build skills and explore new experiences, realizing their full potential as part of HSBC.

We focus on efficient work processes, leveraging the latest data and technology to deliver meaningful outcomes for our clients. Our protection solutions aim to create broad, lasting impacts, helping clients lead healthier, more productive, and confident lives.

We are currently seeking a high-caliber professional to join our team as a Manager, Actuarial Pricing.

Principal Responsibilities

In this role, you will:

• Support end-to-end pricing and implementation of new products.
• Assist the Actuarial Pricing leads and participate actively in the entire actuarial pricing process, including premium and benefit pricing, assumption setting, profitability testing, product system implementation, and user acceptance testing for quotation and administrative systems.
• Be involved in system migration processes, assisting with product setup, reviewing business requirements, and conducting user acceptance tests.
• Collaborate closely with IT, Product, Policy Servicing, and New Business teams to ensure timely system migration.
• Support client requests related to in-force policy statement updates, post-sales illustrations, channel incentive analysis, and marketing campaigns.
• Participate in risk management and control projects, including insurance risk reviews, operational risk management, and strengthening risk controls.
• Engage in other activities such as experience studies, financial stress tests, regulatory initiatives, system upgrades, and sales tools support.
• Assist the Head of Pricing in safeguarding the financial health of the company and ensuring compliance with statutory responsibilities under the Insurance Act.