About this Manager, Actuarial Pricing role at FWD Group
About FWD Group
FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 40 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.
For more information, please visit www.fwd.com
FWD Vietnam was established in 2016 and is a member of FWD Group. For more information, please visit www.fwd.com.vn
To lead the team in executing and deliver the products’ calendar that help FWD Vietnam realize such business ambition.
Ensure smooth implementation of Products and support Day 2 functions deployment. Give actuarial advice on system matters.
Lead the team on IF management work: such as Crediting Interest rates declaration and Reinsurance.
THE JOB:
- Provide input to all aspects of product design including features analysis, competitors’ products, system development and financial results
- Be responsible in setting appropriate pricing assumptions for new products.
- Be responsible to ensure all pricing assumptions and methodologies are in compliance with Group standards and local regulations
- Be responsible for modelling in Pricing Excel template and also Prophet modelling.
- Be responsible to ensure initial pricing and corresponding financials are within tolerance given.
- Prepare product specification for Group filling and other materials related to new products.
- Be responsible for new product Reinsurance negotiation and treaty signing
- Prepare product specification for Regulator filling
- Be responsible for supporting team lead in system implementation and testing
- Be responsible for supporting team lead in modelling new products in Prophet Workspace. Ensure reconciliation of results from Prophet and Pricing spreadsheet.
- Be responsible for supporting Day 2 implementation
- Provide technical operations support as and when required
- Contribute on building comprehensive Standardized Pricing Process and other Processes such as Unit Pricing Process.
- Other ad-hoc tasks as assigned.
THE PERSON:
- Degree holder of any disciplines, (Mathematics/Actuarial Science with good progress in pursuing professional qualifications would be an advantage).
- Has experience in pricing will be a plus
- Actuarial working experience with 6-8 years
- Preferably ASA or close to ASA with at least 5 Actuarial Exams + VEE.
- Preferably has experience in pricing and modelling areas.
- Prophet experience is a plus.
- Actuarial Knowledge
- Financial Awareness
- Analysis and Numeracy
- Reinsurance Administration
- Actuarial Applications
- Key Admin System
- Cross Functional Knowledge
