Job Purpose

Perform actuarial pricing task to provide profit analysis and re-pricing product, prepare PAR approval report and connect with GO and OIC in order to deliver Health and CI products based on request from any channel which can create the value to company and meet customer needs.

Key Responsibilities:

Pricing

• Perform indicative pricing for requested product
• Provide profitability analysis and sensitivity test for new and re-pricing product follow latest BE assumption.
• Develop program to calculate premium and non-forfeiture value for new product

Prepare product approval report including preliminary risk analysis.

• Coordinate to prepare draft product approval report (PAR) including preliminary risk analysis to Group Office
• Tracking and follow up information in PAR from related parties to response all Group Office inquiries
• Help to provide experience analysis as initial proposed assumption such as loss ratio.
• Provide information support to response Q&A log from Group Office.

Prepare OIC approval report, follow up and coordinate with OIC for all approval process.

• Prepare OIC premium certificate and draft version of policy contract wording and distribute to concerned departments for review to align with OIC announcement.
• Initial consult with OIC for new product before send to approve in order to shorten approval time.

Product Development and Implementation

• Coordinate with distribution channel to acquire information for product pricing, development and to obtain internal product approval
• Coordinate and support information to related departments for product implementation

Others

• Advice junior team member to deliver tasks per their assignment.