General Manager - Actuarial

Role & responsibilities

• Pricing Analysis & Modelling:

• Develop and maintain sophisticated pricing models for new and existing health insurance products, including retail, group, and innovative offerings.
  
• Conduct in-depth analysis of claims data, underwriting experience, and market trends to inform pricing assumptions and strategies.
  
• Perform experience analysis and recommend appropriate adjustments to pricing parameters.
  
• Utilize actuarial software and statistical tools for data analysis and modelling (e.g, SAS, Databricks R, Python, SQL, Excel/VBA).
  

• Product Development Support:

• Collaborate closely with the product development, underwriting, and sales teams to provide actuarial insights and support the design of new and revised products.
  
• Assess the financial viability and risk profile of new product propositions.
  
• Assist in the preparation of regulatory filings related to product pricing.
  

• Performance Monitoring & Reporting:

• Monitor the profitability and performance of various products and segments, identifying areas for improvement or intervention.
  
• Prepare and present regular reports on pricing adequacy, claims experience, and market competitiveness to senior management.
  
• Analyze the impact of pricing decisions on business objectives.
  

• Market Research & Competitor Analysis:

• Stay updated with industry trends, regulatory changes, and competitor pricing strategies.
  
• Conduct competitor analysis to ensure products remain competitive and financially sound.
  

• Process Improvement & Innovation:

• Contribute to the continuous improvement of pricing processes, tools, and methodologies.
  
• Explore and implement innovative actuarial techniques to enhance pricing accuracy and efficiency.
  

• Mentorship & Collaboration:

• Provide guidance and support to junior analysts within the team.
  
• Handle a team of analyst and senior analyst
  
• Collaborate effectively with other departments, including underwriting, claims, finance, and IT.