Senior Executive, Actuarial Pricing S$6300 (ID: 657585)

Responsibilities

1. This role involves providing actuarial advice and services, particularly with respect to technical pricing, to meet the strategic goals of the company specific to the Group Line of Business.
2. A typical day on the job will require you to work on the development and maintenance of pricing models, conduct actuarial analyses by leveraging both in-house data and external sources in support of Group pricing work, review pricing referrals from reinsurance partners and provide insights to external stakeholders from the perspective of a health insurance expert.
3. Generate quotations for Group Health accounts within authority limit.
4. Present technical findings of Group Health accounts above authority limit to senior actuarial management for approval.
5. Conduct experience studies, rate adequacy analysis, financial projections, and analysis on company background to support robust actuarial pricing.
6. Exhibit leadership as the face of the Group Pricing team in response to queries from both internal and external stakeholders, including but not limited to negotiation of complex reinsurance contracts.
7. Maintain proper product documentation for Group Health quotation exercises including tenders, proposals, and policy documents.
8. Perform research using both in-house data and external sources for new market opportunities and new benefits.
9. Become the technical expert and lead direct reports on Group pricing referrals.

Requirements

1. Good progress in Actuarial exams of a recognized actuarial body.
2. Candidate with Mathematics/Actuarial or any related degree background.
3. 2 to 3 years’ experience working in an actuarial role, preferably in short-term health insurance (e.g. Employee Benefits).
4. Degree in actuarial science, mathematics, economics or business-related field.
5. Proficient in MS Office, VBA, SQL and a high degree of comfort working with large datasets is preferred.
6. Self-motivated to be responsible for high standards of performance, with an open mind to fresh ideas on new market opportunities and benefits.
7. Commercial awareness is key to succeed in this role, with keen appreciation of the balance between technical rigor and business dynamics.