Executive - Actuarial Pricing
4 days ago
Prudential's purpose is to help people get the most out of life. We will deliver our purpose by creating a culture in which diversity is celebrated and inclusion assured, for our colleagues, customers, and partners. We provide a platform for our people to do their best work and make an impact to the business, and in exchange, we support our people's career ambitions. We pledge to make Prudential a place where you can Connect, Grow and Succeed.
Product Pricing
- Perform initial profitability and risk assessment for any product ideas
- Assist to complete pricing file note where all the pricing assumptions that were used are listed along with the justifications
- Prepare spreadsheet and prophet model for pricing and profit testing purpose
- Assist to complete the product submission document or addendum with comprehensive financial result
- Work closely with related department in preparing quotation, product specification, product system, marketing materials, etc.
Product Maintenance
- Review the competitiveness of existing products
- Answering queries related to technical issues/request on products
- UAT for new or enhancement products in system maintenance (Life Asia)
- Review and sign-off for final product specifications
- Assess feasibility and profitability of Project Approval Requests from distribution channels
Reinsurance Management
- Negotiating with reinsurers on new and existing products and treaties
- Obtaining reinsurance rates and terms most beneficial to PLA
- Prepare reinsurance selection document that including comparison of rates, benefit and conditions among some reinsurers
- Assist in coordinating signing of reinsurance treaties or addendum
- Provide regular reporting for reinsurance exposure
- Yearly review of retention limits
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