Location: Singapore, Central Singapore, Singapore

Purpose

Support the Head of Pricing in the pricing of life insurance products, ensuring commercially competitive outcomes while maintaining strong governance and compliance with internal policies, regulatory requirements and industry guidelines.

Key Accountabilities

• Develop and maintain actuarial pricing models for new products and repricing initiatives.
• Perform pricing financial assessments, scenario analysis and sensitivity testing to support product launches and changes.
• Identify pricing risks and support the Team Lead in developing solutions and recommendations for governance committee alignment.
• Collaborate with product, IT, risk, compliance and other stakeholders to deliver timely end-to-end product development and implementation with a clear audit trail.
• Prepare internal submissions and external product filings, ensuring accuracy, completeness and adherence to timelines.
• Work closely with the Appointed Actuary to propose, document and justify pricing assumptions for new and repriced products.
• Proactively drive initiatives to enhance pricing process efficiency, controls and governance.
• Support reinsurance discussions and negotiations alongside the Product team.
• Assist with special quotations and bespoke pricing requests.
• Guide and/or lead junior pricing actuaries to ensure quality and timely delivery of work.

Qualifications & Experience

• Qualified actuary from a recognised professional actuarial body (preferred).
• Minimum 6–8 years’ actuarial experience, with proven individual life product pricing experience.

Knowledge, Skills & Ability

• Strong knowledge of Singapore RBC2 (or similar regulatory framework), embedded value and IFRS 17.
• Good understanding of life insurance products in the Singapore market (advantageous).
• Proficient in Prophet; strong modelling, analytical and documentation skills.
• Ability to communicate technical outcomes clearly to non-technical stakeholders and influence decisions.