Assistant Manager, Product Pricing recruitment
The jobholder is responsible to ensure the high standard delivery of analyses and recommendations for product pricing and channel compensation. He/she needs to assist to manage the product pricing process for designated countries by providing analyses and recommendations on product pricing and valuation investigations. This includes overview of input data and assumptions from Local operations; production of pricing models; analysis of profit testing results; and participation in the Local product approval process. He/she is also responsible in delivering information to facilitate products and channels management for AXA companies in designated countries as well as acting as a service provider across the region by providing timely analyses and recommendations on product pricing.
Responsibilities:
1.Establish best practice in product pricing, channel compensation and other product-related analyses with good documentation and input checks from designated countries:
- Ensure that all data, assumptions, etc. submitted for analyses are consistent with approved standards, assumptions, etc. to be used by AXA regionally or in the specific country
- Ensure adequate documentation on all input data and production outputs for good quality control
- Set up libraries of standard and ad-hoc analysis templates to facilitate efficient production of results
- Ensure all input data are checked for accuracy and consistency and liaise with users to explain variances from prior periods
2.Recommend priorities, schedules and resources needed to conduct analyses in order to meet end users’ delivery requirements:
- Estimate workdays for standard analyses and set schedules for production of standard analyses, for approval by Country Actuary
- Estimate workdays on specific projects and analyses, skill levels required, and recommend turnaround times considering end users’ delivery requirements
- Recommend priorities for consideration when necessary.
3.Review all product development proposals for designated countries to ensure they comply with product management guidelines, wherever possible, and identify, understand and document justification for exceptions
- Be actively involved in supporting local product committees (LPMC), ensuring appropriate coordination ahead of committees and follow-up on outstanding product risk management issues
- Support the Regional Head, Product Pricing in roles within the regional product committee (RPAC) by compiling relevant information, reports and analyses
4.Ensure that Product Pricing team produce high quality analyses according to agreed timetables:
- Monitor progress and provide recommendations on re-allocation of resources as necessary to meet agreed timetables
- Check accuracy and completeness of analyses such as profit testing and other ad-hoc projects with specifications agreed with users
5.Provide high quality, timely consistent, standardized services to customers.
- Continually provide quality and timeliness of work products upon requests to ensure customer needs are met
- Maintain good working relationships with customers through frequent and proactive communication / engagement
- Provide professional analytical support to local country’s actuaries and marketing teams
Requirements:
- At least 5 years financial services industry experience and preferably qualified actuary of a recognized actuarial institute
- Good experience of product development and pricing
- Understanding of capital management, profit and value measure
- Asian regional experience desirable
- Excellent English verbal and written communication skills required.