Assistant Manager, Actuarial Pricing (Life Insurance)

About the company
Our client is a Global Fortune 500 financial services group. With an A rating for financial strength, they combine deep-rooted heritage with a forward-thinking approach to product innovation. Currently in an exciting phase of expanding their Life Insurance portfolio, specifically targeting the High-Net-Worth (HNW) and Investment-Linked segments. Employees here enjoy a stable, professional environment that prizes technical excellence and offers a clear pathway for career progression within a collaborative actuarial team.

About the job
Joining a high-performing Actuarial Pricing team, you will play a pivotal role in the end-to-end development of innovative life insurance solutions. This role is a blend of technical rigor and strategic influence, focusing on the design and pricing of sophisticated wealth management products.

• Calculate the costs and risks for new insurance plans to ensure they are both profitable for the company and attractive to customers.
• Build and run financial models to predict how products will perform under different market conditions.
• Prepare the necessary documentation and reports for management and local regulators to get new products approved.
• Review competitor products and market trends to help the company stay competitive.
• Work with the sales and investment teams to make sure the products meet the needs of the target audience.

Skills and experience required

• At least 5 years of actuarial experience within a Life Insurance environment. Direct experience in IUL or ILP pricing is highly advantageous.
• Good progress in actuarial exams from a recognized institute (IFoA, SOA, or equivalent).
  
• Advanced skills in Prophet (including ALS if possible) and Excel/VBA. Familiarity with Python or R is a plus.
  
• Strong understanding of Singapore's regulatory landscape (RBC2) and IFRS 17.
• Excellent communication skills with the ability to translate complex actuarial concepts into actionable business insights for non-technical stakeholders.

To apply online please use the apply function, alternatively you may contact Lynette Lim.
(EA: 94C3609/ R1435181 )