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fwd

Assistant Manager/Manager, Life Pricing

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About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves more than 38 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

In Singapore, FWD aims to change the way people feel about insurance by leveraging technology to deliver products and services that are relevant, easy to understand and always convenient for our customers. To this end, we have a direct-to-consumer (DTC) platform that allows customers to buy their preferred life and general insurance products directly from our website; as well as a network of preferred Financial Advisory (FA) firms for customers who want to speak with an advisor before committing to an insurance plan. Whatever their preference, we believe insurance should be simple, reliable and convenient.

If you are looking for a career where you can create a real impact and celebrate living, we invite you to join us on our exciting journey.

PURPOSE

To perform Life product pricing and be involved in product development through to product launches.

KEY ACCOUNTAIBILITIES

  • Support Pricing Team Lead in managing projects and timeline related to product pricing tasks, including product feasibility assessment, building pricing model, propose assumptions, perform financial calculations and sensitivity testing

  • Able to work independently to prepare internal pricing requirements to clear all PMC gates, Group requirements and external product filing to regulators

  • Collaborate with cross-functional stakeholders to ensure new products are launched successfully complete with robust checks, integration of full workflow and compliance to relevant policies, regulations and guidelines

  • Develop strong culture of product innovation through collaboration with partners, customers, internal stakeholder and re-insurers. Propose product modifications to enhance product financials and competitiveness

  • Pro-active in identifying product and pricing risks and propose solutions

  • Pro-active in acquiring the necessary technical actuarial knowledge to carry out routine pricing tasks, including (but not limited to) RBC2, EV, and Prophet skillset

  • Perform peer review and guide juniors/interns where required

  • Support in ad-hoc projects to deliver business requirements and KPIs

QUALIFICATIONS / EXPERIENCE

  • Degree-holder with 5 - 8 years of experiences in life insurance companies

  • Experience in product or pricing team is essential

KNOWLEDGE, SKILLS & ABILITY

  • Strong knowledge about life insurance industry

  • Strong knowledge about (i) Singapore RBC2, and (ii) embedded value

  • Strong interpersonal and communication skills

  • Excellent command of English