This position’s purpose is to achieve the new product pricing and valuation process objectives in line with Company strategy and Business goals.

Pricing & Product Development:
• Develop and maintain pricing models for life and health insurance products.
• Conduct pricing analyses, ensuring alignment with risk appetite and company financial targets.
• Support product sensitivity testing, ensuring robust assumptions and financial sustainability.
• Collaborate with distribution, marketing, and operations teams to enhance product competitiveness.
• Monitor industry trends and recommend enhancements to pricing methodologies.
Profitability & Financial Analysis:
• Conduct Value of New Business (VONB) analysis and monitor product profitability.
• Perform experience studies and refine pricing assumptions based on claims, persistency, and expense trends.
• Support regular pricing reviews and recommend adjustments to maintain competitiveness.
• Provide actuarial input into product performance monitoring and portfolio management.
Reinsurance & Risk Management:
• Assist in evaluating and structuring reinsurance arrangements.
• Support reinsurance negotiations and ensure sustainable risk-sharing structures.
Regulatory Compliance & Reporting:
• Ensure all product pricing adheres to local regulatory requirements and actuarial best practices.
• Assist in the preparation and submission of regulatory filings.
• Support IFRS17 implementation related to pricing assumptions.
Team Collaboration & Development:
• Provide guidance and mentorship to junior actuarial team members.
• Work cross-functionally with other actuarial and finance teams on strategic projects.
• Support senior leadership in making data-driven pricing decisions. Personal Qualifications, Competencies and Experience Requirements
 

• 3-7 years of actuarial experience in life insurance pricing or valuation.
• Candidates actively pursuing actuarial credentials may be considered.
• Strong technical skills in actuarial modeling.
• Excellent problem-solving and analytical abilities.
• Prior leadership experience is a plus.