Share this
Responsibility:
- Lead and support pricing activities for new and existing insurance products, ensuring accurate risk assessment and profitability analysis.
- Collaborate with marketing and product teams to provide actuarial input on product development and enhancement projects.
- Analyse market trends, competitor pricing strategies, and customer behaviour to support the design of competitive and innovative pricing structures.
- Conduct market comparisons and propose pricing initiatives that differentiate product offerings while maintaining sound actuarial judgement.
- Provide support in the development of pricing models and tools using established actuarial techniques and software.
- Drive innovation in pricing methodologies and contribute to the continuous improvement of actuarial processes and assumptions.
- Assist in monitoring performance of pricing assumptions against actual experience and recommend necessary adjustments to maintain pricing adequacy.
- Prepare and present pricing documentation and reports for internal review and regulatory submission where required.
- Ensure that pricing strategies comply with internal governance, regulatory requirements, and industry best practices.
- Mentor and guide junior actuarial staff, promoting knowledge sharing and skills development within the team.
Required Qualifications and Experience:
- Nearly or newly qualified actuary (e.g. FIA, FFA or equivalent).
- Minimum 4 years’ actuarial experience, with significant exposure to individual life or health insurance pricing.
- Strong analytical, communication, and problem-solving skills.
- Proficiency in actuarial software (such as Prophet, Excel, VBA, or R) and pricing model development.
- Demonstrated ability to lead pricing projects and initiatives effectively.
- Understanding of regulatory requirements and industry developments in Hong Kong and Asia-Pacific.
- Experience working in a cross-functional business environment with product, marketing, sales, and finance teams.
- Self-motivated with the ability to manage multiple competing priorities and deadlines.
This is an exciting opportunity for individuals looking to take a step forward in their actuarial career in a progressive and supportive environment. We offer the chance to shape innovative pricing strategies, contribute to product innovation, and support impactful business growth.
Share this