Actuarial - Pricing Analyst (Life Insurance)

About the role

The Actuarial Product Analyst supports the pricing and development of new products, including product design, pricing assumptions, profitability assessment, and implementation. The role involves developing and maintaining pricing models, performing profit testing and sensitivity analysis, and coordinating with stakeholders across Product, Distribution, IT, Operations, Finance, Risk, and Reinsurance. The analyst also monitors the profitability of in-force products, supports product governance and regulatory compliance, and assists with ongoing product maintenance.

Key responsibilities

• Support the pricing and development of new products, including product design, pricing assumptions, profitability assessment, and implementation
• Develop, maintain, and update pricing models and perform profit testing, sensitivity analysis, and scenario testing to assess financial impacts and risks
• Prepare policy wordings, premium rates/certificates, and related documents to ensure consistency with the approved product design and pricing
• Prepare and coordinate pricing and product documentation for OIC submissions and internal product approvals, under the guidance of the manager
• Provide actuarial support for marketing materials, sales illustrations, and other pricing-related materials to ensure alignment with the approved product design and pricing
• Monitor the profitability and experience of in-force products and assist in identifying emerging risks or adverse experience
• Support the review of marketing campaigns and proposed changes to in-force products from a pricing, profitability, and risk perspective
• Ensure assigned pricing analyses, calculations, and documentation are accurate and comply with applicable OIC regulations and internal guidelines
• Identify and escalate product and pricing issues or risks to the manager
• Support ad-hoc projects and other product or actuarial initiatives as assigned

About you

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field
• 1-4 years of experience in life insurance actuarial work, preferably with experience in product pricing
• Actuarial examination progress with a recognized actuarial organization, e.g., SOA, IFoA, FIAA, or equivalent
• Strong analytical, numerical, and problem-solving skills, with attention to detail
• Basic understanding of life insurance products, pricing, profitability, and relevant OIC regulations
• Proficient in Microsoft Office, particularly Excel; experience with VBA or other programming tools is an advantage
• Good communication and interpersonal skills, with the ability to work effectively with actuarial and non-actuarial stakeholders

The Company reserves the right not to consider any candidate application or profile submitted by any recruitment agency without prior request, approval, or authorization from the Company, notwithstanding any existing service agreement between the parties. Any unsolicited candidate submission shall not create any obligation or liability whatsoever on the part of the Company. Should any recruitment agency wish to introduce candidates or discuss potential collaboration, please contact 095-3727982 directly prior to taking any action.