Assistant Actuarial Manager, Pricing and Commercial Assistant Actuarial Manager, Pricing and  …

Standard Life (Asia) Limited
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Be the first to apply
Standard Life (Asia) Limited
in Hong Kong, Hong Kong, Hong Kong
Permanent, Full time
Be the first to apply
Standard Life (Asia) Limited, established in 1999 and registered as an authorised insurer in Hong Kong, is a wholly-owned subsidiary of Standard Life Aberdeen plc. Partnering with financial advisers and other financial institutions, Standard Life Asia in Hong Kong provides wealth management solutions focusing investment-linked insurance plans to help customers achieve their wealth and retirement goals.

Core Responsibilities

  • Be an integral part of the proposition development process by providing actuarial expertise into idea generation, feasibility studies, business cases and product development cycles.
  • Perform pricing and profitability testing for new and existing propositions per the company’s Risk Appetite covering the full suite of Class A and Class C products.
  • Produce comprehensive Risk Assessment and Profitability Reports, ensuring that all risks are fully addressed and reflected in the reports.
  • Assist in preparation of regular Proposition Reviews
  • Assist in the negotiation and analysis of reinsurance terms and pricing
  • Develop and maintain pricing models and illustration systems
  • Work closely with other departments in support of the policy concession process.
  • Propose pricing assumptions by carrying out experience studies and/or through other supportable means.
  • Perform systems testing on commercial related items covering changes to illustration systems, policy admin system, claims and reinsurance system, etc.
  • Provide support on day-to-day product and technical/actuarial queries.
  • Perform remediation calculations and other compensation/ restitution calculations.
  • Provide ad hoc support to the Actuarial Manager on any pricing and commercial matters.

Qualifications / Experience / Requirements

  • Degree holder in Actuarial Science or related disciplines and making good progress with actuarial exams
  • Preferably 5 years+ of relevant actuarial pricing experience (both Class A and Class C business).
  • Excellent knowledge in spreadsheets (including VBA programming), experience with Prophet is preferred.
  • Good time management skills.
  • Strong technical skills preferred
  • Strong communication skills in both written and spoken English and Chinese; competency in Putonghua is an advantage.
  • Good presentation, problem-solving and interpersonal skills.