The job profile for this position is Actuarial Senior Supervisor, which is a Band 3 Management Career Track Role.

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Job 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.

Requirements:

• Degree holder in Actuarial Science or related disciplines;

• Fellowship in a recognized international actuarial professional body;

• At least 8-12 years of actuarial experience in insurance industry; experience in medical pricing is a plus;

• 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;

• Excellent analytical skill with established skills in data processing software;

• Good communication and interpersonal skills with good command of English;

• Ability to work and solve problems independently under pressure;

• Candidate with less experience/ qualification will be considered as Manager.

Please note that you must meet our posting guidelines to be eligible for consideration. Policy can be reviewed at this link.