SAVIPARM

*** JOB PURPOSE:

1. All operations of the Department according to approved function, responsibilities,
2. Direct report to Chief Actuary and take accountability for final performance of assigned tasks,
3. Provide guidance for operations within the Department and cross-functional cooperation,
4. Any document, report, or submission relating to the operation of the Department,
5. Personnel management of the department,
6. Other tasks within the authority, function, and responsibilities of the Department.
7. Assist the Chief Actuary in preparing and presenting topics to be covered in EXCO and various other senior management committees

*** JOB RESPONSIBILITY:

1. Design and price products including but not limited to developing technical specifications, product guidelines, product actuarial pricing, development of terms and conditions, MOF filing, Reinsurance, which match customer segmentations and distribution channels and while reaching profitability targets with competitive prices and features.
2. As Product owner of the following activities in Product Development & Implementation Product research (quantitative), SOP/BRD review, UAT of numerical items, Internal training for Product design, and Product sales support.
3. As Product Owner of Product Maintenance.
4. Propose product-relevant risk management activities and compliance with the Company’s regulations and the law
5. Coordinate with Actuarial function to evaluate the profitability of in-force block,
6. Assist the BOD in realizing the profitability plan and premium growth plan
7. Develop product and financial models for business planning and budgeting, forecast the company’s

*** JOB REQUIREMENTS:

1. Qualification: Minimum - Diploma in Actuarial Science, Ideal Level - Fellow Level Actuary
2. Experience: Minimum 7 years relevant experience in the Product Pricing area