Pricing Actuary (Life Group Insurance)

Position: Pricing Actuary (Life Group Insurance)

Company Overview:

Thai Group Holdings is a leading insurance company in Thailand, providing a wide range of insurance products and services to individuals and businesses. We are committed to delivering superior value to our customers through innovative products, excellent customer service, and a strong focus on ethical business practices.

Job Overview:

We are seeking a highly skilled and experienced Pricing Actuary to join our Life Group Insurance team in Bangkok. In this role, you will be responsible for developing and implementing pricing strategies for our group life insurance products, ensuring that they are competitive, profitable, and in compliance with regulatory requirements. You will also provide actuarial support for product development, financial reporting, and risk management.

Key Responsibilities:

- Develop and implement pricing strategies for group life insurance products, taking into account market trends, competitive landscape, and regulatory requirements.

- Conduct pricing analysis and review, including rate adequacy, profitability, and risk assessment.

- Collaborate with cross-functional teams, including underwriting, finance, and product development, to ensure pricing strategies align with business objectives.

- Monitor and analyze product performance, identifying areas for improvement and recommending pricing adjustments as needed.

- Provide actuarial support for product development, including product design, pricing assumptions, and financial projections.

- Prepare and present pricing proposals and recommendations to senior management.

- Ensure compliance with regulatory requirements and internal policies and procedures.

- Stay up-to-date with industry developments and best practices in pricing and actuarial science.

Qualifications:

- Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field.

- Fellow or Associate of the Society of Actuaries (FSA or ASA) designation.

- Minimum of 5 years of experience in pricing actuarial roles, preferably in the life insurance industry.

- Strong knowledge of actuarial principles, insurance products, and pricing methodologies.

- Experience with group life insurance products is highly desirable.

- Excellent analytical, problem-solving, and decision-making skills.

- Strong communication and interpersonal skills, with the ability to collaborate effectively with cross-functional teams.

- Proficiency in actuarial software and Microsoft Excel.

Why Join Us?

At Thai Group Holdings, we value our employees and strive to create a positive and inclusive work environment. As a member of our team, you will have the opportunity to work with talented professionals, develop your skills, and make a meaningful impact on our business and customers. We also offer competitive compensation and benefits packages, including health insurance, retirement plans, and opportunities for career growth and advancement.

If you are a highly motivated and results-driven individual with a passion for pricing and actuarial science, we would love to hear from you. Apply now to join our dynamic team and contribute to our success as a leading insurance company in Thailand.