About the role
ABOUT THE ROLE
The Actuarial Specialist with 1-3 years' experience will assist Actuary Manager with the new products development and pricing process.
Main Tasks and Responsibilities:
• Conducts quantitative and qualitative research by monitoring market for current prices and products and prepare competitive analysis reports.
• Design and carry out pricing calculations for new products and prepare relevant documents (i.e. Product Profitability Report) in timely manner.
• Responsible for timely and accurate delivery of pricing terms and product development solutions.
• Support all relevant departments (i.e. operational, distribution) daily function in addition to ensuring that all relevant business units are equipped with the necessary tools to deliver the new products.
• Handling preparation and submissions for filing of new products.
• Maintain a thorough and up to date knowledge of regulatory developments and of insurance industry trends.
• Ensuring those developments are considered and appropriately reflected in the pricing of business.
• Provision of other actuarial services (Reinsurance Treaty Discussion, Actuarial models, Assumptions, etc.).
• Contribute knowledge and expertise towards executive presentations to Senior Management, Board of Directors.
• Mentoring junior actuarial staff.
Requirements
• 1-3 years of experience in an actuarial or analytic role, preferably in product development or pricing.
• Good math and analytical experience, as normally acquired through a degree in Mathematics,
• Statistics, Economics, Actuarial Science, or related field experience.
• Pursuit of Actuarial professional credentials with preference candidates with at least one professional exams completed.
• Technology proficient (excel, word, prophet, and ability to learn new software)
Fortune Life Insurance PLC (Fortune Life) was granted an operating license by the Ministry of Economy and Finance on 24th June 2020.
We are a Cambodian life insurer that operates to the very highest international standards. Our leadership and senior management have a strong track record of successfully building multi-national life insurance companies in Asia, particularly in young and emerging life insurance markets, and we have now brought this expertise to Cambodia with Fortune Life.
We are extremely pleased and humbled that the government has placed its trust in Fortune Life, to serve the people of Cambodia and to play an instrumental role in continuing to develop the country’s life insurance industry.
Fortune Life provides savings and protection products to individuals and their families through the highest levels of customer service. Our products are tailored specifically to the financial needs of Cambodians, and are relevant and affordable. We feel privileged to be able to contribute to improving the financial security and wealth creation of Cambodians.
Industry
Financial Services
More at Fortune Life
Other open roles at this company
1 openLife Insurance Specialist
Phnom PenhFULLTIME