Actuarial Pricing manager wanted – AVIVA – SG

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Executive, Actuarial Pricing And Reinsurance Management
PURPOSE OF THE ROLE
 
Assist/perform peer review in end-to-end process of pricing for existing/new products to ensure profitability targets are met with adequate consideration to the inherent risks in the portfolio.
Assist in preparation of discussion materials for the product committee meetings
Assist in ensuring timely submission and filling of the premium certificates for products with MAS
Prepares user requirement and performs testing for the actuarial related areas in the product implementation cycle to ensure accuracy and timeliness of system delivery.

Produce projections of COR and operating profits for the retail health and group business portfolio
 
Carrying out regular experience analysis (including MI reports) for the individual and group business to ensure management has sufficient in-sights into the business
 
Providing support for ad-hoc data/statistics request from LIA or MOH
 
Improve controls, enhance processes so that tasks can be delivered more efficiently, eg PSQ process

Address any known control and risk issues, MAS, Internal and External Auditor findings within agreed timelines; reduce the control and risk issues, and no overdue audit/FRCF issues
Active participation in discussions within the team
OUTCOMES

Able to perform assigned task, manage own time and deliverables independently

Able to provide some guidance to junior staff and assist team lead in review work

Ensure that risks taken in own areas of work are controlled within approved limits.

Ensure key risks have been understood, identified and managed and/that, where concerns or doubts exist, are raised with line management.

Ensure full understanding of FDO and one’s own accountability in delivering these outcomes as applicable to the role.

KEY PERFORMANCE INDICATORS

Able to build working knowledge of areas of work

Submissions made to internal / external parties are on time and have minimal errors

Feedback from own team lead and other team leads

SYSTEMS AND CONTROLS

Annual product review

Quarterly product launches

RELATIONSHIPS (INTERNAL & EXTERNAL)

Internal: Actuarial Department, Product Department, Appointed Actuary, IC/ALCO, Asia Regional office/Group office
QUALIFICATIONS

(This should include any mandatory MAS qualifications.)

Major in Actuarial Science and/or passed actuarial papers leading to qualification (under Institute of Actuaries / Society of Actuaries / Institute of Actuaries of Australia)

KNOWLEDGE/EXPERIENCE

Have an understanding of the Actuarial pricing process and the IT systems

Exhaustive knowledge of Microsoft Excel, Microsoft Access and PROPHET to be able to build models independently

Have strong working & technical knowledge areas of work, and is able to identify issues as well as solve / propose solutions independently

At least 2 to 4 years of relevant working experience