Job Description

4 Shenton Way, SGX Center 2 , Singapore, Singapore, Singapore



Department
Pricing - Group Life
Job posted on
Aug 10, 2022
Employee Type
Permanent - Full Time
Experience range
5 years - 7 years

Singlife with Aviva is a leading homegrown financial services company, offering consumers a better way to financial freedom. Through innovative, technology-enabled solutions and a wide range of products and services, Singlife with Aviva provides consumers control over their financial wellbeing at every stage of their lives. In addition to a comprehensive suite of insurance plans, employee benefits, partnerships with Financial Advisor channels and bancassurance, Singlife with Aviva offers investment solutions through its dollarDEX and Navigator platforms. The mobile-first Singlife Account – with a Singlife Debit Card – allows customers to save, spend, earn and be insured all in one app. Singlife with Aviva was formed by the merger of Aviva Singapore and Singlife. First announced in September 2020 and valued at S$3.2 billion, it was the largest insurance deal in Singapore at the time and created one of the largest homegrown financial services companies in the republic. Purpose of the Role

• 
  Assist Group Business with pricing and risk management for employee benefits and healthcare products, ensuring that Singlife is competitive while still keeping profitable and risks are within guidelines.

Key Responsibilities

• 
  Responsible for pricing of existing/new group products to ensure profitability targets are met with adequate consideration to the inherent risks in the portfolio.
• Responsible for ensuring timely approval of pricing and premium rates for Group Business tenders, while ensuring the appropriate approvals are sought
• Carrying out regular experience analysis (including MI reports) for group business to ensure management has sufficient in-sights into the business
• Responsible for IGP Pool reporting which includes periodic PYER and captive reports as well as adhoc data requests on clients who are exploring a pool arrangement.
• Review and negotiation of pool treaty fees and terms and conditions with IGP Pool, as well as non pool reinsurance terms as necessary
• Development and maintenance of pricing tools to enable PYER reports to be completed within the stipulated timeline
• Development and maintenance of pool reporting tools to enable Group Sales to quote for standard benefits
• Responsible for providing guidance and review for junior staff
• Active participation in discussions with different business units on product related issues:
• With Management reporting on business plan numbers.
• With Claims and Operations on claims processes.
• With Provider Management to help manage panel claim costs as well as network provider fees.
• With Finance/Customer Service/IT etc.

With Reinsurer where product and pricing support is required.

• Providing support for ad-hoc data/statistics request from Senior Management, LIA or MOH

Requirements
Experience

• 
  Individual should have 5 – 7 years experience in Employee Benefits and Healthcare/short term insurance pricing or similar
• 
  Proficient in MS Word, Excel, Powerpoint, Access
• Ability in statistical/data analytics tools such as R, Alteryx, Qlik, @Risk, Prophet would be an advantage
• Good communication skills and ability to work independently

Education

• 
  Degree in Actuarial Studies
• Progress in actuarial exams with a recognised actuarial body (eg SOA, IFOA, IOAA)

If you have what it takes, please do not hesitate to click apply and we will be in touch!