AVP, Group Pricing

Singlife is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife provides consumers control over their financial wellbeing at every stage of their lives.

In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with financial adviser channels and bancassurance, Singlife offers investment and advisory solutions through its GROW with Singlife platform. It also offers the Singlife Account, a mobile-first insurance savings plan.

Singlife is the exclusive insurance provider for the Ministry of Defence, Ministry of Home Affairs and Public Officers Group Insurance Scheme. Singlife is also an official signatory of the United Nations Principles for Sustainable Insurance and the United Nations-supported Principles for Responsible Investment, affirming its commitment to finding a better way to sustainability.

The merger of Aviva Singapore and Singlife was announced in September 2020 and created one of the largest homegrown financial services companies in Singapore in a deal valued at S$3.2 billion. It was the largest insurance deal in Singapore at the time. Singlife was subsequently acquired by Sumitomo Life in March 2024, one of Japan’s leading life insurers, which valued Singlife at S$4.6 billion, making the transaction one of the largest insurance deals in Southeast Asia.

Key Appointments

·       Support the VP in leading the Group Pricing team, delivering pricing, product development and risk management for employee benefits and healthcare products, ensuring competitiveness, profitability and compliance with internal risk and governance frameworks.

Key Responsibilities

• Support VP in Team Leadership and Delivery – oversee day-to-day allocation, review work and coach junior staff
• Co-lead Pricing Strategy and Case Execution – drive pricing for tenders, renewals and new products with VP oversight
• Strategic and Ad-hoc Projects – Lead identified business initiatives (e.g. affinity schemes/promotional products, P&L analysis)
• Cross-functional Stakeholder Management – coordinate with Sales, Finance, Ops, IT and Reinsurers
• Experience Analysis and Insights – oversee analysis, ensure insights inform pricing and assumptions
• Reinsurance Management – support treaty negotiations and analysis
• Process Improvement – lead development of pricing tools and automation, leveraging AI
• Governance and Approvals – ensure compliance with pricing governance and approval frameworks

Key Decisions within the Role

• Recommend pricing decisions within delegated authority
• Lead initiatives/discussions and escalate non-standard cases appropriately
• Influence pricing assumptions and methodologies
• Support portfolio and profitability management decisions

Team

• Direct and indirect accountability for Group Business portfolio(~$380m GWP for 2025) and 1 Associate + 1 Analyst

Requirements

Experience

·       6–8 years of relevant experience (experience in group insurance / employee benefits pricing is an advantage)

·       Demonstrated use of AI tools or applications will be an advantage

·       Progress in actuarial examinations (qualified actuary or near qualification preferred)

·       Strong analytical and data skills, with proficiency in Excel and experience in tools such as Access, VBA, R, and Prophet

·       Proven stakeholder management and effective communication skills

·       Ability to review work and coach or guide junior team members 

Education

·       Academic: Bachelor’s/Master’s degree in Actuarial Studies or similar

·       Professional Certification(s): Progress in actuarial examinations (qualified actuary or near qualification preferred)

Key Stakeholders

External:

·       Customers: MINDEF, Employee benefit brokers and clients

·       Others: KPMG, Medical Network Providers

·       Liaison: LIA, MAS, Reinsurers

Internal:

·       Chief Actuary, Group Business, Finance, Risk, Legal & Compliance