Actuarial Manager - Pricing - Hang Seng Bank (HK)
at HSBC
Posted 17 days ago
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Responsible for pricing life and retirement products including feasibility studies, modelling, assumption setting and preparing pricing and approval documentation. Oversee pricing outcomes to ensure compliance with internal guidelines and Group/Global frameworks, and review portfolio profitability to provide recommendations. Play a key role in reinsurance negotiation and arrangement, and prepare management reports such as annual profitability and in-depth product analyses.
- Compensation
- Not specified
- City
- Hong Kong
- Country
- Hong Kong
Currency: Not specified
Full Job Description
Insurance
Hang Seng Bank was one of Hong Kong's bancassurance pioneers with insurance business footprint started since 1965. Over the years, Hang Seng Bank has been committed to serve its customers by providing full spectrum of insurance products including Life Insurance manufacturing, distribution of General Insurance and Medical products, and MPF business.
Insurance is a fast-growing business and is one of the key drivers of Hang Seng Bank. As a well-established insurance entity, we take care of every need of our customers with an optimized service excellence through the Bank’s retail and commercial network, with a dedicated team of professionals in place.
We are currently seeking a high caliber professional to join our team as Actuarial Manager - Pricing, reporting to Senior Manager and Actuary, Products.
Principal responsibilities
- Product pricing including feasibility study on product development, modelling and assumption setting with justifications and recommendation, reinsurance negotiation, preparing/reviewing pricing documents with limitation logs and expert judgment logs and approval papers. Able to explain the issues and escalate whenever (s)he sees the need
- Overseeing the pricing results to ensure proper pricing, complying with pricing guideline and Group and Global frameworks.
- Review profitability of portfolio of products and provide recommendations to products management.
- Playing a key role in reinsurance negotiation and arrangement to ensure adequate risk control.
- Preparing management information reports and analysis (e.g. Annual profitability review, in-depth product review or analysis & etc.)
Requirements
- University graduate in Actuarial Studies or related discipline
- Qualified actuary under one of the International recognized actuarial societies
- In-depth knowledge of life and retirement industry and products
- Excellent presentation, communication, as well as proficient analytical skills
- Project management experience, organizational skills and ability to think innovatively
- Strong problem solving skills and business sense
RBW
You’ll achieve more when you join Hang Seng Bank Limited.
www.hangseng.com/careers
https://www.linkedin.com/company/hang-seng-bank
Hang Seng is committed to service excellence. Our people are our most important asset and play a vital role in our efforts to continually enhance our performance for customers and provide best-in-class products and services. We seek to attract high-calibre talent by offering a dynamic working environment, good career development opportunities and competitive compensation packages.
Issued by Hang Seng Bank Limited
