AVP - Actuarial Pricing - BFS

This role involves all tasks relating to product designing and pricing of new products as well as re-designing/re-pricing of existing products.

This includes : 

- Developing products suitable to needs of the customers; developing pricing models to optimize profitability, capital usage, commission and customer returns; ensure product meets risk appetite of company.

- Identify financial risks and suggest mitigating strategies; maintain clear audit trails of all pricing related activities, preparing assumption justification and regulatory filing documents.

- Assisting Pricing Head and AA to gain approval of regulator to launch the product.

- Provide support in negotiations with reinsurers, treaty sign-off and renova set-up documentation as well as provide support in launch activities including review of marketing literature, creation of BI models / other calculators, systems testing and supporting negotiations with reinsurers.

- Role holder will also be responsible for providing Group Quotes in a controlled manner within agreed TATs.

This role requires a sound understanding of actuarial principles, in depth understanding of the insurance industry and local regulations, ability of interacting with other departments and external stakeholders and ability to contribute in intense environment.