JOB PURPOSE:
- Participate in designing new products
- Price new products, revamp current products
- Perform relevant actuarial tasks including modeling, and technical support for salesforce
- Cooperate with relevant departments in launching new products, completing product guidelines
- Support sale channels and customer service departments
- Perform other tasks upon the manager’ requests
1, Participate in designing new products:
- Cooperate with relevant departments (sales, bancassurance, marketing) to research market demand, and competitors’ products, and compare the company’s products to competitors’ products to identify the differences.
- Propose ideas on new products from a product development perspective
2, Price new products, and revamp current products:
- Participate in evaluating, proposing, and setting up pricing assumptions
- Participate in determining the appropriate pricing model for each product including benefits cashflow, financial KPI, premium rates, policyholder’s cashflow, premium comparison with other similar products in the market
- Perform pricing reports and related pricing documents
- Calculate commissions, expenses, or exclusive payments for special channels such as digital channel, tele sale channel
- Participate in providing pricing guideline
3, Product Monitoring:
- Monitoring profitability of product and supporting line manager to proposal suitable management actions for future product strategy.
4, Perform relevant actuarial tasks:
- Work with reinsurer on reinsurance rates, perform reinsurance reports periodically
- Provide comments on risk assessment and underwriting from a product development perspective
- Propose relevant comments on other actuarial tasks
5, Cooperate and support relevant departments in launching products, and complete product regulations and guidelines:
- Discuss with other internal and external stakeholders on product features, illustrations, regulations and product guidelines, product configuration documents
- UAT for business functions in IT systems (SAP, EBAO, or other systems)
- Participate in conducting and completing product regulations
6, Support sales and customer services:
- Support relevant departments of HO (claim management, policy management…)
- Support branches following their requests
7, Other tasks upon the manager’s requests:
- Provide assessments/information following relevant departments (for example, Bancassurance)
- Provide figures following requests of auditors
- Provide comments on relevant plans of the company
