Job Description

Locations

• HKGN 348 Kwun Tong Road

Skills Required

• insurance industryintermediate
• medical pricing is a plusintermediate
• Prophetintermediate

Required Qualifications

• Degree holder in Actuarial Science or related disciplines; (degree in actuarial science or related disciplines)
• Degree holder in Actuarial Science or related disciplines; (degree in actuarial science or related disciplines)
• Fellowship in a recognized international actuarial professional body; (experience)
• At least 8-12 years of actuarial experience in insurance industry; experience in medical pricing is a plus; (experience, 12 years)
• Strong knowledge in cash flow and policy liabilities projections with experience in Prophet or equivalent actuarial software; knowledge in USGAAP, IFRS 17 and RBC is value-added; (experience)
• Excellent analytical skill with established skills in data processing software; (experience)
• Good communication and interpersonal skills with good command of English; (experience)
• Ability to work and solve problems independently under pressure; (experience)
• Candidate with less experience/ qualification will be considered as Manager. (experience)
• Fellowship in a recognized international actuarial professional body; (experience)
• At least 8-12 years of actuarial experience in insurance industry; experience in medical pricing is a plus; (experience, 12 years)
• Strong knowledge in cash flow and policy liabilities projections with experience in Prophet or equivalent actuarial software; knowledge in USGAAP, IFRS 17 and RBC is value-added; (experience)
• Excellent analytical skill with established skills in data processing software; (experience)
• Good communication and interpersonal skills with good command of English; (experience)
• Ability to work and solve problems independently under pressure; (experience)
• Candidate with less experience/ qualification will be considered as Manager. (experience)

Responsibilities

• Re-invent healthcare in Hong Kong with advanced actuarial and analytics tools;
• Lead commercial discussion on product viability and pricing, proactively provide ideas and recommendations on product design to enhance the competitiveness of products;
• Partner closely with the Marketing and Distribution team to offer innovative pricing strategy and help achieve company sales targets;
• Develop partnership models or alternative financial solutions for business growth;
• Manage pricing processes including but not limited to Value-of-New Business (VNB) reporting, experience monitoring, experience study and product pricing approval:ensure timely production of pricing reports with clear documentation and approval from the International Health Actuarial (IHA);manage new product launch implementation such as product proposal and policy provision review, reinsurance arrangement, system UAT, etc.
• Develop and maintain pricing assumptions and models with sound pricing methodologies, including but not limited to mid- and long-range forecast on pricing trends such as medical inflation and any new significant healthcare trends;
• Provide all aspects of pricing support on product development activities, business development initiatives, loss mitigation strategies and other ad-hoc projects;
• Communicated closely with IHA to uphold actuarial best practices, develop capabilities of the pricing team through training, coaching, planning and prioritizing resources;
• Communicate actuarial concepts and principles to stakeholders.
• Re-invent healthcare in Hong Kong with advanced actuarial and analytics tools;
• Lead commercial discussion on product viability and pricing, proactively provide ideas and recommendations on product design to enhance the competitiveness of products;
• Partner closely with the Marketing and Distribution team to offer innovative pricing strategy and help achieve company sales targets;
• Develop partnership models or alternative financial solutions for business growth;
• Manage pricing processes including but not limited to Value-of-New Business (VNB) reporting, experience monitoring, experience study and product pricing approval:
• ensure timely production of pricing reports with clear documentation and approval from the International Health Actuarial (IHA);
• manage new product launch implementation such as product proposal and policy provision review, reinsurance arrangement, system UAT, etc.
• Develop and maintain pricing assumptions and models with sound pricing methodologies, including but not limited to mid- and long-range forecast on pricing trends such as medical inflation and any new significant healthcare trends;
• Provide all aspects of pricing support on product development activities, business development initiatives, loss mitigation strategies and other ad-hoc projects;
• Communicated closely with IHA to uphold actuarial best practices, develop capabilities of the pricing team through training, coaching, planning and prioritizing resources;
• Communicate actuarial concepts and principles to stakeholders.

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