Associate Director - Product Pricing

A large multi-national life insurer are looking to add a sharp, commercially minded actuary to its local Hong Kong team. The successful incumbent will take ownership and responsibility of the sustainable profitable growth of new business for one/multiple product lines.

Responsibilities:

• Formulating the product pricing strategy, with the identification of R&D enablers, suitable new products and management actions to compete for and take advantage of market opportunities.
• Actively exploring tools to improve the product competitiveness and/or financial outcomes/resilience through enhancing the profit emergence in EV/IFRS 17/HKRBC, the ALM and investment strategy, and the risk management approach
• Preparing for changes in the regulatory frameworks and to lead/participate in projects that shape favourable regulatory outcome for the company.
• Regularly updating Pricing R&D documents for discussion/endorsement/approval of assumptions, measurement and management approach to enhance the product pricing outcomes of the product line.
• To develop, monitor and evolve product pricing strategy for a product line, in partnering with Head of Product Pricing

• Minimum Job Requirements:
• Qualified Actuary with at least 10 years of progressive experience
• Clear understanding of full range of product lines: Par saving, critical illness, medical, universal life, corporate solution, unit link, pension, retirement products, and protection products, with expertise in some of them.
• Deep expertise in the principles and practices in assumption setting,asset/liability cash flow modelling, ALM, investment, capital management, medical business, and valuation.
• Strong influencing and negotiation skills
• Proficient command of spoken and written English. Cantonese/Mandarin a plus