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Head of Product Development

sunday · 17 days ago
Negotiable
Full-time
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Job Responsibilities:

  • Perform, analyze, and take responsibility for Accident & Health (“A&H”)all product development reporting and make sure of methodologies used outperform market benchmark and complies and compliance with the regulatory requirements.
  • Perform A&H product benchmarking to find products gap opportunities in the market, future trends, data analysis for the purpose of pricing.
  • Perform experience study and review actuarial assumptions regularly to ensure that assumption use can be justified.
  • Support ad-hoc projects related to rate filings, new business development, financial projections, etc.
  • LeadPerform A&H product pricing with the methodology & assumptions used that are in line with business direction and plan, regulatory requirements and pricing policies in the process of new product development.
  • Perform business planning with accurate data, inline assumption, and projected cash flow results.
  • Perform reinsurance administration with accurate calculation and reconciling with reinsurance reports.
  • Develop and maintain all SOP and documentation related to tasks with clear definitions and detailed manual processes.

Qualification and Requirements:

  • Minimum of 5-7 years of relevant A&H product development actuarial experience prior to leading a team.
  • Coming from the Insurance industry is a MUST.
  • Possessing the Fellowship of the Society of Actuaries of Indonesia (FSAI) license would be an advantage.
  • Competent and have the right work ethic to lead a team.
  • Able to communicate in both English and Bahasa.

Advanced knowledge and understanding of actuarial practice and pricing strategy (especially for individual or group insurance products).

Last updated on Sep 19, 2024

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