Senior Associate, Actuarial Pricing

HSBC LIFE (SINGAPORE) PTE. LTD.; Singapore; On-site; SGD 60,000 - 90,000; Full time

Job summary

A global financial institution in Singapore is seeking a Senior Associate, Actuarial Pricing to support pricing and implementation of new products. The role requires a university graduate in Actuarial Science or a related discipline, with strong communication skills and a meticulous eye for detail. The ideal candidate will assist in the end-to-end actuarial pricing process, collaborate with multiple departments, and contribute to risk management projects. Competitive salary and professional development opportunities await.

Qualifications

• Good progress in actuarial exams.
• Past actuarial experience in life insurance is a plus.
• Experience in individual life product pricing is an advantage.

Responsibilities

• Support pricing and implementation of new products.
• Assist in the end-to-end actuarial pricing process.
• Work closely with multiple teams for timely delivery.
• Involvement in risk management and control projects.

Skills

Communication skills

Teamwork

Attention to detail

Education

University graduate in Actuarial Science or relevant discipline

Tools

Prophet

VBA

Excel Programming

Job description

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life is a world‑class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank.

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia‑Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high‑profile growing business segment. We empower our combined team of high‑performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.
Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as a Senior Associate, Actuarial Pricing.

In this role you will:

• Responsible to support Pricing and implementation of new products
• Expected to assist the Actuarial Pricing leads and participate actively in end‑to‑end actuarial pricing process, which includes executing premium and benefit pricing, actuarial assumption setting, profitability testing, product system implementation and user acceptance tests for quotation systems and administrative systems in ensuring end‑to‑end smooth and timely product delivery
• Expected to assist the Actuarial Pricing leads in various process, which includes product and campaign setup (i.e. formula, rate table setting), reviewing business requirements and user acceptance tests
• Work closely with IT, Product, Policy Servicing and New Business teams to ensure timely delivery of system migration
• Ad hoc liaison with the Products, Distribution and Policy Servicing teams to closely support with client requests for special quote and in force policy statement and post sales illustrations
• Ad hoc involvement working on risk management and control related projects including addressing insurance risk review, operation risk management, strengthening operational and financial risk controls
• Occasionally be exposed to other non‑product development activities as well as involvement in department wide exercises such as periodic experience studies updates, financial stress tests, board reports, regulatory initiatives, systems infrastructure upgrades, sales tools and marketing support

To be successful you will need:

• University graduate in a relevant discipline i.e. Actuarial Science, Statistics, Economics
• Good progress in actuarial exams
• Past actuarial experiences in life insurance, past experience in individual life product pricing is a plus
• Experience with Prophet, VBA and Excel Programming is preferred
• Sharp communication skills will be important as clear business connectivity is required
• Engaging and open‑minded working attitude with emphasis on being a good team player
• Meticulous with a keen eye for detail for financial analysis

Opening up a world of opportunity

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.