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Head of Pricing

Employer
HFG
Location
Hong Kong
Salary
Negotiable
Closing date
13 Feb 2021
Reference
202101141

View more

Sector
Life insurance, Reinsurance
Contract Type
Permanent
Hours
Full Time
Experience/Function
Qualified

Job Details

Main Scope

  • Lead a team of 2 pricing actuaries to develop new products, pricing basis and deliver quotations on time
  • Strong product development mindset, including (but not limited to) Critical Illness and variations, Medical reimbursement, Simplified Issued/predictive underwritten products, High Net Worth Mortality, Old age product propositions (e.g. LTC, CI annuity, Silver Age), product customised for underserved or substandard segment, etc
  • Client marketing including discussion on pricing basis and technicalities
  • Development and maintenance of technical pricing basis
  • Ensure pricing basis and guidelines conform with its Global Life pricing guidelines
  • Provide technical support to marketing team as needed - produce client rates
  • Ensure quotes that are sent are accurate, competitive and provided within client deadlines
  • Develop, enhance, and maintain existing pricing models and tools
  • To prepare product / pricing reports for Regional Office / Head Office and to prepare / review treaties
  • Monitoring and management of capital requirements and assist in developing capital management solutions for clients
  • Provide technical support on experience analysis where necessary

Research

  • To produce analysis which supports the pricing basis, enhances knowledge and aids product development

Relationships

  • Work closely with business development team to enhance client relationships and new business opportunities for the Hong Kong market
  • Maintain interaction with other departments across teams (eg business development, valuation, underwriting & claims) in order to contribute to multi-function projects
  • Participate in industry bodies such as the Actuarial Society of HK, International Committees such as SOA, etc, as well as actively participate in industry experience study projects.

Required Experience:

  • 10-15 years of relevant working experience in life & health insurance/reinsurance fields
  • Relevant reinsurance experience and has good knowledge of the HK insurance market
  • Good client contacts in Hong Kong
  • Experience of using actuarial software PROPHET will be an advantage.

Company

HFG is an award winning international recruitment consulting firm that provides specialist professionals to leading General Insurance, Life, Reinsurance, Pensions and Management Consultancy firms. 

Since our formation in 2002 we have sought to provide a market leading recruitment service which challenges the gap between large agencies broad capabilities, and executive search companies’ levels of service.

Regarded by our clients and candidates as industry experts, we deliver solutions to the global insurance marketplace where we specialise in actuarial recruitment.

Led by a number of ex-industry professionals, our consultants have shown a long-term commitment to their defined markets. 

The provision of considered advice based on deep market knowledge is central to our business model. 

You will regularly find HFG at industry events and conferences including GIRO, Life, Momentum, Health, Care & Protection and Joint Risk, Investment & Pensions.

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