Senior Executive, Actuarial (Life Pricing)

Income Insurance Limited; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A significant insurance provider in Singapore is looking for an Actuary to design innovative product propositions and support product pricing projects. The ideal candidate has 3-4 years of experience in the actuarial function, particularly within life insurance, and is detail-oriented with strong teamwork skills. The role involves working collaboratively to ensure regulatory compliance and improve the pricing process.

Qualifications

• At least 3-4 years of experience in actuarial function.
• Preferred experience in life insurance within an actuarial capacity.
• Commitment to accuracy and quality in work.

Responsibilities

• Design innovative product propositions with business stakeholders.
• Support product pricing projects and regulatory filings.
• Review and recommend process enhancements.

Skills

Actuarial qualifications

Detail oriented

Strong teamwork

Adaptability

Education

Actuarial qualifications from US, UK, or Australia

Job description

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

• Good progress in actuarial qualifications with either US, UK, or Australia Actuarial Institute or newly qualified actuary, with at least 3-4 years of work experience in Actuarial function.
• At least 3 years of experience working in a life insurance function within an actuarial capacity preferred.
• 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.