Senior Associate, Pricing

HSBC; Singapore; On-site; SGD 90,000 - 140,000; Full time

Job summary

HSBC Life Singapore is seeking a Senior Associate, Pricing to drive end-to-end pricing for life insurance products and to support the pricing leads across the pricing lifecycle. The role involves collaboration with IT, product, policy servicing and distribution teams to ensure timely product delivery and accurate financial analysis.

You will participate in system migrations, pricing infrastructure updates and in-force policy support, while upholding regulatory and risk controls in a dynamic team

Qualifications

• University graduate in actuarial science, statistics or economics.
• Actuarial pricing experience in life insurance preferred.
• Experience with Prophet, VBA and Excel programming preferred.
• Strong communication and teamwork skills.
• Detail-oriented with strong analytical capabilities.

Responsibilities

• Lead end-to-end pricing and implement new products.
• Support actuarial pricing leads in end-to-end processes, pricing, testing and system implementation.
• Collaborate with IT, Product, Policy Servicing and New Business teams for timely system migrations.
• Liaise with Products, Distribution and Policy Servicing teams on policy updates and illustrations.
• Contribute to risk management and control projects and regulatory initiatives.

Education

Actuarial Science

Statistics

Economics

Tools

Prophet

VBA

Excel

Job description

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

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

In this role you will:

• The jobholder is responsible for end‑to‑end Pricing and implementation of new products. The role is 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.
• The role will be involved in system migration and is expected to assist the Actuarial Pricing leads in various process, which includes product setup (i.e. formula, rate table setting), reviewing business requirements and user acceptance tests. The jobholder is expected to work closely with IT, Product, Policy Servicing and New Business teams to ensure timely delivery of system migration.
• The role will have ad hoc liaison with the Products, Distribution and Policy Servicing teams to closely support with client requests around in force policy statement updates, post sales illustrations, channel incentive analysis, marketing campaign setup.
• The role may have 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.
• There may occasionally be exposure 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.
• The jobholder will be supporting the Head of Pricing to safeguard the financial health of the insurance company and protect the interest of policyholders as well as in ensuring the statutory responsibilities under the Insurance Act are met.

To be successful you will need:

• University graduate in a relevant discipline for example Actuarial Science, Statistics, Economics
• Actuarial experience on life insurance product pricing is preferred
• Experience with Prophet, VBA and Excel Programing 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

www.hsbc.com/careers

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Issued by The Hongkong and Shanghai Banking Corporation Limited.

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