Senior Manager, Pricing and Business Development (Actuarial)
Cigna
Job Responsibilities:
Re-invent healthcare in Hong Kong with advanced actuarial and analytics tools;
Lead commercial discussion on product viability and pricing, proactively provide ideas and recommendations on product design to enhance the competitiveness of products;
Partner closely with the Marketing and Distribution team to offer innovative pricing strategy and help achieve company sales targets;
Develop partnership models or alternative financial solutions for business growth;
Manage pricing processes including but not limited to Value-of-New Business (VNB) reporting, experience monitoring, experience study and product pricing approval:
ensure timely production of pricing reports with clear documentation and approval from the International Health Actuarial (IHA);
manage new product launch implementation such as product proposal and policy provision review, reinsurance arrangement, system UAT, etc.
Develop and maintain pricing assumptions and models with sound pricing methodologies, including but not limited to mid- and long-range forecast on pricing trends such as medical inflation and any new significant healthcare trends;
Provide all aspects of pricing support on product development activities, business development initiatives, loss mitigation strategies and other ad-hoc projects;
Communicated closely with IHA to uphold actuarial best practices, develop capabilities of the pricing team through training, coaching, planning and prioritizing resources;
Communicate actuarial concepts and principles to stakeholders.
Requirements:
Degree holder in Actuarial Science or related disciplines;
Fellowship in a recognized international actuarial professional body;
At least 8-12 years of actuarial experience in insurance industry; experience in medical pricing is a plus;
Strong knowledge in cash flow and policy liabilities projections with experience in Prophet or equivalent actuarial software; knowledge in USGAAP, IFRS 17 and RBC is value-added;
Excellent analytical skill with established skills in data processing software;
Good communication and interpersonal skills with good command of English;
Ability to work and solve problems independently under pressure;
Candidate with less experience/ qualification will be considered as Manager.
About The Cigna Group
Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.