Senior Executive / Assistant Manager, Actuarial Pricing

Raffles Medical Group Ltd; Singapore; On-site; SGD 60,000 - 80,000; Full time

Job summary

A leading healthcare firm in Singapore is seeking a candidate to play a pivotal role in developing health insurance offerings. This position involves pricing new products and working closely with sales and product teams. Candidates should hold a degree in Actuarial, Mathematics, or Statistics, have 3 to 6 years of relevant experience, and possess strong analytical and communication skills. Proficiency in MS Excel and Python is also essential. Only shortlisted candidates will be contacted.

Qualifications

• Degree in Actuarial, Mathematics, or Statistics required.
• Good progress in Actuarial professional exams is necessary.
• 3 to 6 years relevant experience needed.

Responsibilities

• Involved in pricing and portfolio management for health portfolios.
• Conduct data analysis and assumption studies.
• Maintain pricing tools and support product launches.
• Produce business management information and client reports.
• Engage with reinsurers for product development.
• Collaborate with stakeholders on strategic initiatives.

Skills

Data analytics

Pricing strategies

Excellent communication

Presentation abilities

Knowledge of Python

Education

Actuarial / Mathematics / Statistics Degree

Tools

MS Excel

VBA

Job description

Job Summary

The successful candidate will play a pivotal role in the development of commercially viable health insurance customer offerings. This role will primarily be involved in pricing of new business / products and will be working closely with both the Business Sales and Product Development teams.

Job Responsibilities

• Be involved in pricing, carrying out data analytics and portfolio management for Group, Individual Health and Shield portfolios
• Conduct regular assumption studies including inflation study, expense study and technical pricing review
• Maintain and enhance pricing tools and quotation engine
• Support system set up and implementation for product launches
• Produce and enhance business management information and client reports, with a focus on data-driven insights that will facilitate discussion of business strategies
• Engage reinsurers to put in place reinsurance arrangements, as part of the new product development process and to maintain existing facultative reinsurance arrangements
• Collaborate with stakeholders to implement key strategic initiatives

Requirements

• Actuarial / Mathematics / Statistics Degree
• Good progress in the Actuarial professional examinations
• 3 to 6 years of relevant experience
• Excellent knowledge of MS Excel, with basic knowledge of VBA
• Good knowledge of Python
• Excellent communication and presentation abilities
• Meticulous and resourceful individual
• Ability to work both independently and collaboratively
• Experience in pricing of Group Employee Benefit schemes

We regret that only shortlisted profiles will be contacted.