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Specialist - L&H Product Actuarial

Job Level:  Entry Level

Bangkok, TH, 10330

Available until:  11/30/2022
Area of Expertise:  Actuarial
Unit:  Allianz Thailand
Employing Entity:  Allianz Ayudhya Assurance Pcl.
Job Type:  Full-Time
Remote Job:  Hybrid working
Employment Type:  Permanent
ID:  15822

Your Day at Allianz Ayudhya

1) Actuarial Pricing and Product Development

  • Support the development of product-related actuarial models to calculate premium rates and other policy values of the product, and perform profit-tests
  • Provide support for product design and review and provide comments on product features with consideration to risks and regulations
  • Support the development of assumptions used in profit testing such that they reflect expected future behavior of the products
  • Support the review policy contract provisions to ensure alignment with product design, provide comments and raise issues if necessary
  • Support the preparation of product-related documents to support filing of the product to regional office and regulator for approval
  • Support the discussion 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
  • Review product specifications, prepare information for setting up new products and modifications of existing products, perform User Acceptance Test (UAT)
  • Support in preparing product proposal to partner especially sales compensation determination to ensure competitiveness and profitability measures are met

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

Must Have

  • Bachelor’s or Master’s Degree in Actuarial Sciences, Statistics, Mathematics, Finance or related field
  • At least 1 years of experience in Actuarial Pricing and/ or Product Development in insurance or banking business

Nice to Have

  • Degree in quantitative finance, mathematics, actuary science, health economics, statistics or related field
  • Understanding of current and emerging trends and risks in life & health insurance industry
  • High understanding of data literacy in areas such as data collection, evaluation and interpretation with accuracy
  • Knowledge of valuation methods, optimization methods, stochastic and deterministic processes
  • Able to manage and handle large datasets used for statistical analysis