Support Nepal team for various actuarial related activities on product / pricing:
Support automation projects e.g. Actuarial Model development for new product, Illustration part, Product calculator etc
Provide production steward reviews for new Prophet models for pricing new Products
Develop strong working relationships and strategic partnerships with internal clients (e.g. Dev team, QA team, local office, IT and other users of models) to ensure a high degree of customer satisfaction
Guide a team of Nepal based experienced actuarial students on product / pricing related activities and ensure critical focus on core deliverables throughout
Ad-hoc project for Regional Product Review team to perform independent product review for Asia countries
Key Responsibilities
Develop/enhance pricing models for new product initiatives
Price products using appropriate assumptions and ensure financials and risks meets company’s guidelines
Able to communicate effectively and present the financial metrics to Appointed Actuary and Regional Office to seek for product approval, based on the company’s guidelines on risk and profitability
Coordinate efforts to file applications with various stakeholder to allow operations of products and services
Assist Nepal team to respond answers to the queries raised from regulator to obtain regulatory approval to introduce new viable insurance products to the marketplace
Work closely with department management to introduce new products and features into the underwriting and claims departments daily function in addition to ensuring that all relevant business units are equipped with the necessary tools and data to economically deliver insurance products
Contribute knowledge and expertise toward executive presentations to the senior management
Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications
Provide desired output using actuarial software like PolySystems/Prophet/Product pricing related system
Essential Experience, Skills And Competencies
ASA and 5 years of actuarial experience and experience in pricing
Respectful of deadlines, discipline, and process, yet flexible and pragmatic within a growing business
Capable of working autonomously or with a team, and of balancing own initiative with advice from others
Able to navigate through complex problems and organisations to achieve results and deliver solutions
Able to communicate complex issues to non-experts
Excellent Excel/VB/ VBA skills
PROPHET and POLYSYSTEMS models is a plus
Knowledge of SQL, R and ability to learn new software