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Sr. Specialist - AZAY Product Actuarial



Bangkok, Thailand
Posted on Tuesday, April 30, 2024

This position will ensure the alignment of the strategy, policy, guideline and procedures of actuarial pricing management. This position is responsible for developing actuarial models, performing technical pricing and product testing, performing experience analyses of key pricing assumptions (as may be required) and providing actuarial analyses / pricing / product development support to other departments.

Responsibilities :

1) Actuarial Pricing and Product Development
­ Develop product-related actuarial models to calculate premium rates and other policy values of the product
­ Provide support for product design and review and provide comments on product features with consideration to risks and regulations
­ Develop product-related actuarial models to perform profit testing of the product
­ Ensure the appropriateness of assumptions used in profit testing such that they reflect expected future behavior of the products
­ Review policy contract provisions to ensure alignment with product design, provide comments and raise issues if necessary
­ Prepare product-related documents to support filing of the product to regional office and regulator for approval
­ Provide answers/ discuss with regional office's staff and regulator related to product filing
­ Actively participate in Product Development Implementation Team to discuss and provide comments on product development issues

2) Experience Analysis
­ Perform experience analyses of key assumptions e.g. claims, mortality and persistency

3) Sales Material Support
­ Provide support on sales material development e.g. sales illustration system, product brochures, agency manual, training materials.

4) Support Other Functions
­ Provide support to other functions e.g. day to day operation issues, product information, complaints handling, communicate technical information to internal and external customers in non-technical terms

­ Review product specifications, prepare information for setting up new products and modifications of existing products, perform User Acceptance Test (UAT)
­ Involvement in preparing product proposal to partner especially sales compensation determination to ensure competitiveness and profitability measures are met

Qualifications :

• Bachelor’s or Master’s Degree in Actuarial Sciences, Statistics, Mathematics, Finance or related field

• 3 – 5 years of experience in Actuarial Pricing, Product Development or other related areas in insurance or banking business

Allianz Ayudhya