Actuarial Specialist
5 days ago
Qualifications:
- College graduate of Mathematics or Statistics
- At least 2-3 preliminary actuarial exams
- At least 2 years actuarial experience, preferably in pricing. Has preferably worked in a multinational insurance company.
Job Description
- Justify and recommend appropriate pricing assumptions based on experience reviews, market comparison, industry benchmarks, demographic studies, and other available research information.
- Build / modify robust and automated pricing models in excel/Prophet consistent with pricing standards.
- Perform experience studies based on available company/ industry data, adjusting for product/company-specific considerations and trends.
- Working knowledge on relevant local regulations on product filing, pricing, products, forms, illustrations, and distribution channels.
- Actively participate and provide UAT support for cross-functional product initiatives.
- Provide actuarial support to distribution and customer requests such as special illustrations, compensation review, incentives assessment, group quotations, etc.
- Prepare relevant actuarial sections of the Product Approval Report, including the necessary documentation of assumptions, profit testing and sensitivity analysis, and be able to address elementary questions from Group Office on product gates.
- Other special projects that may be assigned from time-to-time.
Job Type: Fixed term
Contract length: 6 months to 1 year
Seniority levelMid-Senior level
Employment typeContract
Job functionAnalyst, Strategy/Planning, and Consulting
IndustriesClaims Adjusting, Actuarial Services, Insurance Agencies and Brokerages, and Insurance
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