AM, Pricing Actuarial Life Insurance

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.