Description
We are seeking a SEA Pricing Analyst to support the Chief Actuary in analysing and reviewing product development, pricing, and business strategy across SEA Chubb Life markets.
The successful candidate will work closely with various Local and Global teams to ensure robustness and appropriateness of product development, pricing, and product approval, while complying with internal processes and governance.
Responsibilities
- Review product manual submissions and perform further analysis or risk assessment as needed
- Ensure products developed are competitive with suitable design
- Ensure product pricings are robust and suitable according to the latest assumptions, guidelines, underwriting process, and pricing frameworks
- Provide product and pricing support for new distribution deals, new partnership opportunities, or other business development activities
- Identify gaps and enhance existing product/pricing review and approval process and management reporting on products
- Support enhancement of existing pricing methods, assumption development, or profitability measurements as required
- Conduct pricing deep dives into key markets' new business portfolios to identify risks, challenges, and mitigating actions
- Track and follow up on all product approvals pending relevant global stakeholders
- Prepare materials and participate in Product Approvals meetings
- Support the Chief Actuary with various internal projects
- Prepare materials and participate in Product and Risk Committee meetings
- Collaborate and coordinate with various Local and Global teams, and external consultants to ensure timely and successful delivery of projects
- Develop, maintain, and enhance tools for product pricing review and monitoring
- Collaborate with Local and Global teams to develop business strategy and new products
- Participate in local countries' annual business planning and monitor business plan execution from product/pricing perspectives
- Support local countries in M&A and partnership opportunities from product and pricing perspectives
Qualifications
- Recently or nearly qualified Life Actuary (FSA or equivalent)
- At least 5 years of actuarial experience in the life insurance industry, preferably in pricing/product roles
- Familiarity with regulatory and product landscape of SEA markets
- Understanding of other reporting regimes besides Local Statutory (e.g., U.S. GAAP, LDTI, IFRS17) is a plus
- Strong modeling skills (MS Excel); knowledge of actuarial software (e.g., Prophet) and programming languages (e.g., Visual Basic, SQL) is a plus
- Speaking additional language (e.g., Indonesian, Thai, Vietnamese) is a plus
- Strong analytical and technical skills, plus strong organisational skills with an ability to prioritise whilst managing various projects and resources
- Excellent interpersonal and communication skills, ability to effectively present and explain complex concepts to a non-technical audience
- Dynamic, energetic, and shows initiative to learn new concepts
- Commitment to understanding the actuarial and commercial aspects of the life insurance industry
- Genuine aptitude for working in an energetic and entrepreneurial small team environment