Senior Pricing Actuarial Manager (Life Insurance)

Job description

Job Summary

We are seeking a highly motivated and analytical Senior Manager to lead product pricing initiatives that support business growth, profitability, and risk management objectives. The incumbent will make use of professional actuarial knowledge to develop product solutions that are both competitive and sustainable The successful candidate should also influence the key stakeholders to make sound and aligned decisions for assumptions setting, cash flow modelling, ALM, investment and capital management and driving new business

The incumbent should process strong technical actuarial expertise with leadership capabilities to drive product projects, and communicate with cross-functional stakeholders (Local, Regional and Group level) across the organization This role offers significant opportunities to price various product solutions to serve the different needs of the sales channels and end customers

Job Accountabilities

Lead end-to-end pricing development for Savings and Protection focused life insurance products (e.g., Participating, Universal Life, Investment linked, Term and Critical Illness), solid experience in launching par product(s) successfully a definite advantage Develop pricing models using actuarial assumptions (mortality, morbidity, lapse, expenses, investment returns).

• Perform sensitivity and scenario testing to assess financial impact
• Communicate effectively with collaboration among different stakeholders for an aligned product solution: from identifying the risks to reaching the consensus for the controls required; from serving the business need to fulfilling the financial metrics required
• Develop the pricing report to seek product approval according to the product development process / regulatory requirements
• Work closely with other teams in product implementation to ensure timely and accurate delivery
• Conduct on-going monitoring of product profitability and sustainability Comply regulatory, audit, and internal governance requirements as applicable

Job Qualifications

University graduate in Actuarial Science or related disciplines with over 10 years of relevant experience Fellow of a recognized actuarial body, e.g.

SOA, IFoA, FIAA, HKIA or equivalent Good knowledge of life actuarial techniques, tools and requirements (HKRBC, IFRS 17) With strong passion and interest to understand market dynamics to pricing innovation

• Strong analytical, communication and interpersonal skills; experience in engaging with senior executives and influencing business decisions an advantage
• Proficient in MS Office, VBA and actuarial software (e.g.

Prophet) Self-driven with strong sense of commitment, able to work independently and under pressure Why Zurich At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great! Join us as we constantly explore new ways to protect our customers and the planet.

Location(s)

HK - Hong Kong Remote working: Hybrid