Senior Associate / Assistant Manager, Actuarial and Underwriting

Position Objectives:

Perform financial underwriting and provide actuarial support to Corporate Solutions business with the objective of achieving business ANP, VONB and OPAT targets.

Responsibilities:

1. Actuarial solutions (15%)
   • Provide portfolio analysis on profitability and pricing retention for management.
   • Perform experience studies to support pricing assumptions, VONB assumptions, manual rate review, costing in special terms.
   • Perform in-depth claim analysis for jumbo cases for more accurate pricing and recommend alternative solutions.

2. Financial underwriting (70%)
   • Underwrites group Life, Medical, PA and Credit life cases by analyzing benefits, claim experience, terms & conditions and reinsurance arrangement to ensure sufficient margin has been catered for projected claims, medical trend, variables, expenses and profit margin while maintaining competitiveness of product.
   • Reviews benefit scope, terms and conditions of group cases with reference to internal and external rules and guidelines to ensure risk underwriting compliance as well as legal compliance.
   • Recommends benefit changes and cost-containment proposals for corporate clients by analyzing benefit coverage, scheme terms & conditions, claims pattern, medical trends, portfolio data, industry data as well as employee benefit design trends.
   • Works with Sales team to identify employee benefit gaps and develop benefit solutions for corporate clients.  Provides explanation of rationale by preparation of tailor-made claim analysis reports in order to support Sales team’s communication and presentation to corporate clients
   • Works with Operations, IT and Network team to develop customer-centric benefit solutions which are operational viable.
   • Gathers claim data, prepares benefit analysis and works out group cases premium projections and terms recommendations for cases exceeding local authority for higher authority review and approval.

     2.  Projects & Reports (5%)

• Participates in projects relating to actuarial solutions, service enhancement or business initiatives
• Prepares regular and ad hoc underwriting reports as required.

  3.  Reinsurance arrangement (5%)

• Contacts with reinsurers for facultative reinsurance arrangement to support special quotes with non-standard benefits and terms.
• Recommends enhancement of benefits and terms for corporate clients and works with reinsurer on benefit enhancements.
• Preparation of reinsurance documents such as Reinsurance Contract, Pricing Form and Wording form.
• Maintenance of reinsurance contracts, endorsements & cover notes.

  4.   Other responsibilities (5%)

• Performs other responsibilities and duties periodically assigned by supervisor in order to meet business requirements.

  Requirements:-

• University / College graduate plus over 3 year related working experience.
• Communication & interpersonal skills.
• Commitment in team work.

We offer an attractive remuneration package to the successful candidate.   Please submit your application by clicking “Apply Now” for our processing.