Our client is a leading muliti-national Insurance business and they have an immediate requirement for a senior actuary to focus on product development and pricing.
Details are as follows:
The ideal candidate should be an expert for pricing - i.e. experience in product development for the following types of products
- with profit sharing requirements, risks, UL, VUL
- group, pension products
- Products for different Distribution channels – bank products
- be able to understand quickly whether assumptions are appropriate
- curious enough to understand the retail market (work with distribution people, bank, visit customers,..)
Candidates should be very familiar with actuarial software (AXIS) and it is anticipated that there will be integrated asset/liability modeling in the future.
Other requirements inc.
- stochastic or scenario testing experience, asset modeling experience
- must be able to understand the actuarial software system - not necessarily running the system itself
- understanding of the data from Admin systems
- understanding Candian GAAP and related pricing issues (e.g. MCCSR, CALM) is advantageous
- source of earnings, expense allocation, product risks (interest, expense, lapse, mortality/morbidity), reinsurance.. (basically any product related issues)
- understanding expense analysis, overruns,..
The role involves leading a small team 2-3 people at first, to complete pricing tasks. However, depending on the individual candidate's experience it may be possible to lead a team of up to 10.
Other requirements:
Ability to write reports in Mandarin & English
Fluency in English & Mandarin
Reinsurance experience related to products
Qualified fellow for 7 or more years
