Head of Pricing

Recruiter
HFG
Location
Hong Kong
Salary
Negotiable
Posted
14 Jan 2021
Closes
13 Feb 2021
Ref
202101141
Contact
Tong Yu
Experience/Function
Qualified
Contract Type
Permanent
Hours
Full Time

Main Scope

  • Lead a team of 2 pricing actuaries to develop new products, pricing basis and deliver quotations on time
  • Strong product development mindset, including (but not limited to) Critical Illness and variations, Medical reimbursement, Simplified Issued/predictive underwritten products, High Net Worth Mortality, Old age product propositions (e.g. LTC, CI annuity, Silver Age), product customised for underserved or substandard segment, etc
  • Client marketing including discussion on pricing basis and technicalities
  • Development and maintenance of technical pricing basis
  • Ensure pricing basis and guidelines conform with its Global Life pricing guidelines
  • Provide technical support to marketing team as needed - produce client rates
  • Ensure quotes that are sent are accurate, competitive and provided within client deadlines
  • Develop, enhance, and maintain existing pricing models and tools
  • To prepare product / pricing reports for Regional Office / Head Office and to prepare / review treaties
  • Monitoring and management of capital requirements and assist in developing capital management solutions for clients
  • Provide technical support on experience analysis where necessary

Research

  • To produce analysis which supports the pricing basis, enhances knowledge and aids product development

Relationships

  • Work closely with business development team to enhance client relationships and new business opportunities for the Hong Kong market
  • Maintain interaction with other departments across teams (eg business development, valuation, underwriting & claims) in order to contribute to multi-function projects
  • Participate in industry bodies such as the Actuarial Society of HK, International Committees such as SOA, etc, as well as actively participate in industry experience study projects.

Required Experience:

  • 10-15 years of relevant working experience in life & health insurance/reinsurance fields
  • Relevant reinsurance experience and has good knowledge of the HK insurance market
  • Good client contacts in Hong Kong
  • Experience of using actuarial software PROPHET will be an advantage.

Similar jobs

Similar jobs