Our client, a leading financial services company in the insurance sector, is looking for an experienced actuarial professional to join their pricing team.
Purpose
Support the Head of Pricing in the pricing of life insurance products, driving competitive and compliant product development from initial pricing through to launch.
Key Accountabilities
- Develop actuarial pricing models for new or repriced products.
- Perform pricing financial assessments and sensitivity testing to support the team in launching competitive products, while ensuring compliance with internal policies, regulatory requirements, and industry guidelines.
- Identify pricing risks and support the Team Lead in developing solutions for alignment at the Product Management Committee (PMC).
- Collaborate with the wider business — including Product Development, IT, and Risk & Compliance — to ensure timely, end-to-end product development and implementation with a clear audit trail.
- Prepare internal and external product filings.
- Work closely with the Appointed Actuary to propose assumptions for new products, with supporting justifications.
- Proactively drive initiatives and projects to enhance the efficiency, governance, and controls of the overall pricing process.
- Support discussions and negotiations on reinsurance, together with the Product team.
- Assist with special quotations as required.
- Guide and lead junior pricing actuaries to ensure quality, accurate, and timely deliverables.
Qualifications / Experience
- Qualified actuary from a recognized professional actuarial body preferred.
- Minimum 6–8 years of actuarial experience, including individual life product pricing experience.
Knowledge, Skills & Ability
- Strong knowledge of (i) local regulatory capital frameworks (e.g., RBC2 or similar), (ii) Embedded Value, and (iii) IFRS 17.
- Good knowledge of life insurance products in the relevant market is an advantage.
- Proficient in Prophet.
