AVP, Head of Pricing

About FWD Group

FWD Group (1828.HK) is a pan-Asian life and health insurance business that serves approximately 34 million customers across 10 markets, including BRI Life in Indonesia. FWD’s customer-led and tech-enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience. Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance. FWD Group is listed on the main board of the Hong Kong Stock Exchange under the stock code 1828.

For more information, please visit www.fwd.com

For more information about FWD Hong Kong, please visit www.fwd.com.hk/.

Job Summary

• Lead the pricing team and perform pricing for new product initiatives to support business growth and strategies
• Assist Chief Product Officer to strike for a balance between commercial and financial considerations
• Manage senior stakeholders

The Job

- Perform feasibility studies and price new products to meet company business plan and strategies, including:

• Financial KPIs such as VNB and NBS can meet that approved in business plan
• Provide inputs on product strategies and develop products to support
• Liaise with Product Development team and distribution channels for commercial consideration from customer lens
• Keep abreast of the ongoing regulatory and market development and act promptly to changes in regulations and market need

- During new product development and after product launch, ensure all material product risks are identified, managed and mitigated. This includes:

• Actively provide input during product design stage
• Set up reinsurance arrangement where appropriate
• Propose investment strategy and assumptions and agree with Actuarial and Capital Management team
• Document identified risks in PARP and facilitate Group and local management approval
• Review marketing materials to ensure accuracy and compliance to regulations

- Implement proper controls and change management process of pricing model

- Manage experience monitoring and provide input for prompt management actions

- Work closely with different functions to deliver company-wide projects, and take the lead to communicate actuarial and pricing related information to stakeholders to facilitate decision making

- Propose plans for staff development:

• Improve regular process to facilitate task rotation, and reduce time spent on less-engaging work
• Manage work allocation to and actuarial exam progress of staff
• Facilitate and encourage job rotation to meet the staff development need

The Person

• 15+ years of actuarial experience covering life insurance
• Fellowship in a recognized international actuarial professional body
• Strong technical and project management skill
• Strong business acumen and communication skill, with proven ability to influence and work with business functions
• Attention to details and what is going on in other functions
• Being flexible to stretch and multi-tasking
• Implement product strategies and articulate the link to company strategies
• Encourages discussions and healthy debates
• Assist in channel management
• Candidate may be considered as Senior Director position depending on qualifications

We offer 5-day work, 20-24 days annual leaves, excellent learning & development opportunities and an attractive package to the right candidate.

Information collected will be treated in strict confidence and used solely for recruitment purpose. The company will retain all applications no longer than 24 months of which will be destroyed thereafter. When there are vacancies in any of our subsidiaries, holding companies, associated or affiliated companies of, or companies controlled by, or under common control with the Company during that period, we may transfer your application to them for consideration of employment. We are an equal opportunity employer. We do not discriminate on the basis of race, sex, disability or family status in employment process.