Senior Pricing Actuarial Associate (Life Insurance)

Job Summary

• The incumbent will make use of professional knowledge to help our business succeed by making sense of the world of statistical probabilities
• This position will help the business to make sound strategic decisions by analyzing historical trends, weighing up risks and creating models, etc. It is our way of helping customers identify, manage and finance their risks
• The incumbent may help to lead and manage the pricing of life insurance products to ensure profitability, competitiveness, and compliance with regulatory and company standards
• Provide actuarial expertise in product development, pricing strategy, and risk assessment

Job Accountabilities

• Support product pricing and product development for Life and Health insurance (e.g., Term, Critical Illness, Participating whole of life, Universal Life, Investment linked); make recommendations to product architecture and actuarial assumptions/ methodology where appropriate
• Develop pricing models using actuarial assumptions (mortality, morbidity, lapse, expenses, investment returns). Perform sensitivity and scenario testing to assess financial impact
• Work closely with other teams in product implementation to ensure timely and accurate delivery
• Provide actuarial input for marketing materials and sales illustrations
• Prepare documentation for regulatory filings and group product approvals
• Support the on-going monitoring of product profitability and sustainability
• Provide training and coaching to junior staff(s) to uplift their technical skills
• Support ad-hoc projects, or other product initiatives as assigned to the team

Job Qualifications

• University graduate in Actuarial Science or related disciplines with around 4 years of relevant experience
• Good progress in actuarial examinations of a recognized actuarial institute e.g. close to FSA designation
• Solid knowledge of life actuarial techniques, tools and methodologies
• Knowledge or exposure to product pricing will be advantageous
• Proficient in MS Office, VBA and actuarial software (e.g. Prophet)
• Good analytical skills and good communication and interpersonal competencies
• Strong self-initiative with good time management skills to handle multiple tasks, and able to work independently
• Candidates with solid / relevant work experience in pricing will be a definite advantage
• Candidates with more experience can be considered for other positions

Why Zurich

At Zurich, we like to think outside the box and challenge the status quo. We take an optimistic approach by focusing on the positives and constantly asking What can go right? 

We are an equal opportunity employer who knows that each employee is unique - that’s what makes our team so great! 
Join us as we constantly explore new ways to protect our customers and the planet.
 

• Location(s):  HK - Hong Kong 
• Remote working: Hybrid