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 provider in Singapore seeks an experienced professional for a pivotal role in pricing health insurance products. The successful candidate will collaborate with sales and product development teams, manage data analytics, and maintain pricing tools. A degree in Actuarial Science, Mathematics, or Statistics is essential, along with 3 to 6 years of relevant experience. Skills in Excel and Python, coupled with strong communication abilities, are required for this position.

Qualifications

• Good progress in the Actuarial professional examinations.
• 3 to 6 years of relevant experience.
• Experience in pricing of Group Employee Benefit schemes.

Responsibilities

• Be involved in pricing, carrying out data analytics and portfolio management for health portfolios.
• Conduct regular assumption studies including inflation and technical pricing review.
• Maintain and enhance pricing tools and quotation engine.
• Support system set up for product launches.
• Produce and enhance client reports with data‑driven insights.
• Engage reinsurers for reinsurance arrangements.
• Collaborate with stakeholders to implement strategic initiatives.

Skills

Actuarial knowledge

Statistical analysis

Data analytics

Excellent MS Excel skills

Basic VBA knowledge

Python programming

Communication skills

Presentation abilities

Meticulousness

Team collaboration

Education

Actuarial / Mathematics / Statistics Degree

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.