Senior Actuarial Executive (Life Pricing)

INCOME INSURANCE LIMITED; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading insurance company in Singapore seeks a candidate for its Actuarial Pricing Team. The successful applicant will design innovative products, support pricing projects, and ensure compliance with regulatory standards. Candidates should have a Bachelor's degree in Actuarial Science and at least 2 years of related experience. Strong teamwork, adaptability, and attention to detail are essential for this role.

Qualifications

• Good progress in actuarial qualifications with US, UK, or Australia Actuarial Institute.
• At least 2 years of experience in life insurance in an actuarial capacity.

Responsibilities

• Work closely with key stakeholders to design innovative product propositions.
• Support product pricing project including Regression Testing & User Acceptance Testing.
• Create best practices and design effective controls for regulatory compliance.
• Assist in regulatory reporting for new products.
• Review and enhance Actuarial Pricing Process for efficiency.

Skills

Detail oriented

Strong teamwork

Adaptable

Ability to challenge the status quo

Education

Bachelor Degree with Actuarial Science

Job description

At Income Insurance, we aim to create exponential value and cultivate dynamic learning culture. As part of Income’s Actuarial Pricing Team, candidate will work closely and collaborate with stakeholders across the organization to deliver business-oriented, customer-focused and innovative insurance solutions.

Key Responsibilities

• Work closely with Manager, Head of Pricing, Chief Actuary, Chief Consumer Product Officer and key business stakeholders such as Channel Heads and General Manager of Consumer, to design and devise innovative product proposition and help drive product prototyping and implementation, while ensuring internal financial metrics are met.
• Support product pricing project, including performing Regression Testing & User Acceptance Testing for new product implementation
• Create best practices and design effective controls and monitoring framework as part of deliveries to protect Income against regulatory, financial and reputation risk.
• To support updates and enhancement for Policy Illustration and Post Sales illustration templates
• Assist in the preparation of regulatory reporting filings for new product
• Review and recommend enhancement to Actuarial Pricing Process to improve efficiency of existing process.
• Adopt the design-thinking and agile framework in delivering pricing project.

Qualifications

• Bachelor Degree with Actuarial Science. Good progress in actuarial qualifications with either US, UK, or Australia Actuarial Institute or newly qualified actuary.
• At least 2 years of experience working in a life insurance function within an actuarial capacity.
• Detail oriented with a commitment to accuracy and quality
• Strong teamwork and collaboration skills
• Confident to challenge status quo and take risk to drive towards maximising results.
• Adaptable and open to dynamic working environment and willing to explore new ways of working.