Pricing & Modeling Actuary (TH) - 1463689

MAIN PURPOSE OF JOB:

To manage Actuarial Models used in Valuations and Pricing, in particular, THE FIRM ’s “CAMP” model. This includes model governance, developments and operations. There is also responsibility for team management.

KEY RESPONSIBILITY AREA

-Model Governance

• Define, implement & monitor good practice for Model Governance (including Local Model Committee & Model Governance Policy, Documentation).
• Manage model change process, including new products, project developments & modifications.
• Centralize all Model management and be single point of contact for the local actuarial models.

-Model Development

• Prioritize (item, timing, resourcing needed etc…) model developments & operational changes.
• Manage the delivery of model developments & operational changes.
• Ensure efficiency and effectiveness of model developments & operational changes (e.g. via proper UAT, peer reviews & control checks on Pricing to Valuation modeling).
• Manage CAMP Team involvement, including costs & budgets

-Model Operations

• Ensure actuarial models (in particular CAMP) are operating efficiently and effectively.
• Manage actuarial model infrastructure (e.g. Cloud usage, Machines etc…).
• Provide Technical support to users by liaising with CAMP Team and Other parties (e.g. FIS, local IT etc…).
• Ensure that actuarial model users are suitably trained to accurately use actuarial models.

-Other Team Projects/Priorities

• Involvement in Actuarial Projects as needed (e.g. IFRS 17, Solvency II).
• Involvement in model upgrades/changes (e.g. ALM using CAMP, Pricing models, Sunrise etc…).

-Team Management

• Build a strong modeling team with the required technical and soft-skills capabilities.
• Manage day-to-day work of team members.
• Manage Performance of team members.

EXPERIENCES (Basic Requirements)

• At least 6 years life insurance working experience preferably in actuarial modeling, valuations or pricing.
• A good understanding of life insurance products.
• Experience with MCEV is a requirement. IFRS and SII a plus.
• A very good knowledge of Excel and Prophet is required, including coding skills.
• A good command of English, since it is the office language and high interaction with THE FIRM regionally and at Group level, and external providers.

EDUCATIONS (Basic Requirements)

• B.Sc or M.Sc in Actuarial studies / Statistics / Mathematics / Computer Sciences.
• Associate or close to qualification as Fellow of an Actuarial Society e.g. Society of Actuaries, Institute of Actuaries of Australia, Institute & Faculty of Actuaries.