Senior Executive / Assistant Manager, Actuarial Pricing

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

Job summary

A leading health services provider in Singapore is seeking an experienced professional to develop commercially viable health insurance offerings. The successful candidate will be responsible for pricing and data analytics across various health portfolios, ensuring effective collaboration with stakeholders. An actuarial or mathematics degree and 3 to 6 years of relevant experience are essential for this role.

Qualifications

• 3 to 6 years of relevant experience in pricing.
• Meticulous and resourceful individual.
• Ability to work independently and collaboratively.

Responsibilities

• Involved in pricing and portfolio management for health insurance products.
• Conduct regular assumption studies and pricing reviews.
• Enhance pricing tools and support product launches.

Skills

Actuarial professional examinations

Data analytics

Communication

Team collaboration

MS Excel

Python

VBA

Education

Actuarial / Mathematics / Statistics Degree

Job description

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.