Head of Pricing - HSBC Life

Job description

Some careers grow faster than others.

If you’re looking for a career that will give you plenty of opportunities to develop, join HSBC and your future will be rich with potential. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank

Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as a Head of Pricing.

Principal Responsibilities

• The jobholder is responsible for leading the Pricing and In-Force Management team for the delivery of all product-related actuarial activities including:
  • Product pricing for new products and repricing of existing products, covering investment-linked, universal life, participating savings, participating protection and non-participating products, and covering all distribution channels including RBWM, broker, agency, FA and direct channels
  • Policy illustrations for both new and enforce policies
  • Special quotes, including support to High Net Worth business segment
  • Product profitability monitoring
  • Actuarial support for TSA exit
  • Managing new product risks
• The jobholder is responsible for assessment of product profitability under IFRS 17 basis and product capital requirements under regulatory capital basis
• The jobholder required to liaise with INSP Business teams (e.g. Products, Distribution, Customer teams) on regular basis, and to provide professional advice and solutions to senior management of INSP in various management initiatives including but not limited to those related to product and distribution strategy
• The jobholder will liaise with relevant Group Insurance teams for approvals of new product pricing

Requirements

• Qualified Actuary from a recognized Actuarial examination body
• At least 10 years of Actuarial experience with experience in product pricing
• In depth experience with pricing processes and process controls
• Excellent communication & presentation skills
• Project management experience, organizational skills and ability to think innovatively
• Demonstrated ability to think strategically balanced with practical day-to-day execution
• Demonstrated ability to manage and influence senior level stakeholders
• Demonstrated negotiation, leadership and problem solving skills
• Experience in Singapore insurance industry is an advantage
• Experience of managing pricing team in direct life insurance company is an advantage
• Ability to work effectively under pressure with competing and at times rapidly evolving priorities
• Ability to develop cohesive working relationships with internal and external stakeholders

You’ll achieve more when you join HSBC.
www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.



Location: Singapore, SG

Posted Date: 11/20/2024