Lead - Pricing Actuarial

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 Company's 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.