Assistant Manager, Pricing - HSBC Life

Some careers have more impact than others.

If you’re looking for a career where you can make a real impression, join HSBC and discover how valued you’ll be.

HSBC Life is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank. Insurance is about people, and the promises they make.

At HSBC Life we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific Region. Our Employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.

Together we pursue efficient ways of working. We harness the latest data and technology solutions to achieve meaningful outcomes for our clients. The protection we offer creates broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.

We are currently seeking a high calibre professional to join our team as an Assistant Manager, Pricing.

Principal Responsibilities

In this role you will

• Actuarial pricing under different basis, including feasibility study on product development, modelling and assumption setting with justifications and recommendation, reinsurance negotiation, preparing / reviewing pricing documents with limitation logs and expert judgment logs and approval papers
• Annual profitability review, in depth product review / analysis and etc
• Providing technical advice and having the capabilities to explain, discuss and / or clarify with all stakeholders independently
• Monitoring of PAR and universal life business, including but not limited to policyholders’ non-guaranteed benefits (eg. annual dividend, terminal bonus, dividend accumulation rate, crediting rate and etc.), profitability information in Product Committee pack, and review of profitability metrics (eg. CSM, VNB, MCVNB,), yield buffer situation & forecast and etc.
• Ensure compliance to appropriate corporate governance, controls, and documentation policies / procedures
• Any other profitability information requested by other stakeholders

Requirements

To be successful you will need

Opening up a world of opportunity

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.