Definition of Department and Function: Actuary Department is vital for maintaining the financial health of risk-based organizations using mathematics and statistics. Actuarial roles include assessing future events, setting premium rates, forecasting financial outcomes, and ensuring regulatory compliance. It also conducts data analysis to inform business decisions and enhance financial stability.
Position Objective :
- To deliver product launching as timeline
- To ensure readiness of system for new products
- To support in-force management
- To manage team members
Duties and Responsibilities:
A. Pricing tasks :
- Review and Prepare pricing spreadsheets with given designed product features to ensure the correct assumptions, reserve methodology was used and produce expected target profit.
- Prepare pricing documentation submitting to Head office.
- Prepare Technical notes and other required documents to Local Regulator with new requirement from law.
- Working with IT/OPs on implementing products into system.
- System Day 2 enhancement as well as others system enhancement to comply with new regulation.
- Manage and support team members on technical matters.
- Other ad-hoc projects.
B. In-force management tasks
- Conduct monthly VNB report, Policy statistic report.
- Have Pricing experience at least 5 years
- ASA or equivalent
- Hardwork, teamwork, resilience, responsible and accountable
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