Head of Pricing
- Recruiter
- HFG
- Location
- Hong Kong
- Salary
- Negotiable
- Posted
- 14 Jan 2021
- Closes
- 13 Feb 2021
- Ref
- 202101141
- Contact
- Tong Yu
- Sector
- Life insurance, Reinsurance
- 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.