Job Purpose

You will be responsible to provide technical support to the Group Insurance's business activities such as pricing, reporting, product experience study, and product development. You will be required to work in close collaboration with multiple stakeholders (Actuarial, Marketing, Product, Distribution, Compliance and Risk etc.) and business partners.

The Job

• Provide technical pricing for group insurance products using established models

• Ensure compliance with internal guidelines on business acceptance, risk management and profitability

• Manage reinsurance risk within treaty limits and ensure proper facultative placements.

• Collaborate with internal and external stakeholders on product development of existing or new products and ensure compliance with product approval process

• Data management for analysis and pricing.

• Develop and test pricing models including performing statistical analysis and conducting claim experience study.

• Develop and maintain pricing quotation and reporting tools.

• Analyse, monitor and evaluate key financial metrics that support the department's various initiatives and strategies.

• Takes accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.

• Maintains awareness of industry trends on regulatory compliance, emerging threats and technologies in order to understand the risk and better safeguard the company.

• Highlights any potential concerns /risks and proactively shares best risk management practices.

Our Requirements

• Degree preferably in actuarial science, statistics, mathematics or business related fields;

• 3 or more years working experience, ideally in Group Insurance pricing or relevant experience;

• Excellent analytical and problem solving skills;

• Skilled in managing large data sets used for statistical analysis;

• In-depth conceptual and practical knowledge in related areas such as product development, pricing and financial condition management;

• Meticulous, self-starter with the ability to make sound judgments and work under pressure or tight time lines;

• Strong interpersonal, articulation, communication and presentation skills;

• Skilled with PC Applications such as Excel, Access, PowerPoint, and Word;

• Basic programming experience is preferred (VBA - Visual Basic for Applications);

• Knowledge in statistical or business intelligence tools, such as SQL and Tableau is appreciated.

• High level of integrity, takes accountability of work and good attitude over teamwork.

• Takes initiative to improve current state of things and adaptable to embrace new changes.

About Great Eastern

Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels - a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei.

The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of "AA-" by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern's asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia.

Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world's most highly-rated banks, with an Aa1 rating from Moody's and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World's Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.

To all recruitment agencies: Great Eastern does not accept unsolicited agency resumes. Please do not forward resumes to our email or our employees. We will not be responsible for any fees related to unsolicited resumes.