About this Senior Manager, Actuarial Pricing (Compensation) role at FWD Group
About FWD Group
FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves over 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 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 Compensation team and support the Director in overseeing actuarial reporting and strengthening controls in line with Group standards.
THE JOB:
- Focus on distribution strategy scheme
1. Scheme design: Competitive & appropriate scheme for various channel within FWD
2. Costing & analysis: Provide insightful analysis for compensation scheme as well as the financial implications to the company
3. Risk management: to be able to spot gaming risk and take necessary actions
- Budget control: manage the CRE budget to avoid overrun and ensure an effective spending
- Supporting project based including new partnership, setting up subsidiaries…
- Ensure timely/correct payment approval for all channels
- Data management and effectiveness of compensation scheme
- Co-ordinate with various department in report/plan to ensure quality results are delivered on time.
- Coaching and support junior actuarial staff, provide clear direction to enhance their actuarial skills and knowledge.
- Ensure correct payment from channel and in line with approval
- Market research on distribution strategic initiatives from competitors
- Post-sale monitoring & contest effectiveness analysis
THE PERSON:
- Degree holder of any disciplines, (Mathematics/Actuarial Science with good progress in pursuing professional qualifications would be an advantage).
- Has good experience in valuation, financial reporting and modelling areas (05-07 years).
- Preferably ASA or close to ASA with at least 04 Actuarial Exams + VEEs.
- Preferably has experience in pricing and modelling areas.
- Prophet experience is a plus.
- Actuarial Knowledge
- Financial Awareness
- Modelling
- Analysis and Numeracy
- Actuarial Applications
- Cross Functional Knowledge
