Actuarial Pricing Manager

About the role

This position provides actuarial support for new products and product enhancements, covering pricing, implementation, maintenance and the group product quotation operation. It is split into five areas: new product pricing (20%), new product implementation support (20%), existing product maintenance (20%), managing the group product quotation operation (30%) and other actuarial support (10%). The role is mostly internal, working across departments, with some external communication on regulatory filings.

Key responsibilities

• New product pricing: propose pricing templates, prepare approval documents and user requirements, and support the actuarial side of new product launches.
• UAT testing on iPos and IL to check that premiums, surrender values, policy submissions, premium charges, cost of insurance deductions and account values match the pricing model.
• Review training materials, regulatory submissions and marketing materials for alignment with the pricing model, and track new products monthly after launch.
• Support product enhancement projects, system testing and UAT for day 2 items, and help the client service and sales teams with product queries.
• Handle day 2 feature requests such as changing payment mode, sum insured and premium after policy issue.
• Own the corporate solution quotation operation: distribute quotes to team members, communicate with the sales team, handle special custom quotes and improve the quotation process.
• Other actuarial support: revise compensation schemes for Agency and Banca channels, calculate persistency per channel for monthly reporting, and handle other customer service queries.

Required profile

• Bachelor's degree in Actuarial Mathematics, Mathematics, Statistics or a related field (minimum 3.0 GPA).
• At least 7 years of actuarial experience.
• Financial and non-financial measures qualification; being fully qualified is an advantage.
• Effective internal communication and ability to work across departments; external communication mainly on MEF queries for new product filings and Agency team queries.
• Attends relevant trainings when required.

Required skills

• Analytical thinking, strong business knowledge and commitment to high-quality deliverables.
• Practical coding skills and willingness to develop them further, including VBA, Python, SQL, Prophet, HTML and JavaScript.