Manager - Pricing (Life Pricing - Regional and Traditional)

About the Job

As part of the Group Finance - Pricing team, you will be responsible for devising strategies to price products and ensuring profitability of the products to achieve the Company’s business strategies in Singapore, Malaysia and Indonesia.

Key Responsibilities

1. To price participating, non-participating and investment-linked products and ensure the profitability of the products is align with Company’s business strategy.

1. To support the implementation of overall product and pricing strategy of life insurance products.

1. To develop pricing methodologies in line with actuarial principles and regulatory requirements and design and develop pricing models that meet the internal and regulatory requirements.

1. To ensure compliance with internal product and pricing policies, processes, profit margins and external regulatory guidelines to obtain approval/filing for product launches.

1. Partner internal functions to integrate new individual life product features into their day-to-day operational activities, including initiating process improvements.

1. Lead discussion with reinsurers and develop suitable reinsurance structures for products requiring reinsurance.

1. Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.

1. Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.

1. Highlights any potential concerns/risks and proactively shares best risk management practices.

1. Qualifications

Qualified/Nearly qualified Actuary from an internationally recognized actuarial professional body.

1. Working Experience

At least 5 years of working experience in the Actuarial field.

1. Competencies

Detail-oriented, efficient, self-motivated and able to work under pressure Good interpersonal, writing and verbal communication skills

Good technical and analytical skills

1. Champion and embody our Core Values in everyday tasks and interactions.
2. Demonstrate high level of integrity and accountability.
3. Take initiative to drive improvements and embrace change.
4. Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
5. Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.