Associate Director - Product Pricing
- Employer
- Oliver James
- Location
- Hong Kong
- Salary
- Up to £14776.28 per month
- Closing date
- 11 Dec 2024
- Reference
- JOB-112024-263201
View more categoriesView less categories
- Sector
- Life insurance
- Contract Type
- Permanent
- Hours
- Full Time
- Experience/Function
- Qualified
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Job Details
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
Company
They have a global team of specialist and established consultants across the UK, Europe and Asia, giving them unparalleled knowledge of their market place. We place on a contract and a permanent basis, in roles ranging from Student Actuary to Chief Actuary.
Company info
- Website
- http://oliverjames.com/
- Telephone
- +44 (0) 207-649-9464
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