Manager, Actuarial Pricing (GETB)
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Before you apply
SenioritySenior
Company size10,000+ people
First seenOct 18, 2026 · 2w ago
Verified live2d ago
At a glanceSummarised by Seekless from the posting.
Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related field
Good progress and passed intermediate/Fellowship actuarial exam in one of the actuarial associations recognized by BNM
Experience on life insurance/takaful industry with basic knowledge in underwriting, claims, servicing, and agency administration
Extensive actuarial experience and understands actuarial principles in life insurance/takaful
Good communication skills, computer skills (Macro, Visual Basic, Excel, Words, etc), product modelling & projection skills, people and project management skills
High level of integrity, takes accountability of work, and good attitude over teamwork
Take initiative to improve current state of things and adapt to embrace new changes
Demonstrate high level of integrity and accountability
Take initiative to drive improvements and embrace change
Champion and embody our Core Values in everyday tasks and interactions
Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively
Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/risks to safeguard our company proactively
Skills
Macro
Visual Basic
Excel
Words
About the role
Responsible for timely and accurate delivery of competitive and sustainable pricing strategies that aligned with business objectives, regulatory requirements, and risk management frameworks. This role also requires the individual to be involved in pricing related special projects and end-to-end pricing process including assumption setting, modelling, treaty agreement and regular monitoring of pricing adequacy.
Responsibilities
Key Responsibilities
Technical Leadership & Pricing Framework
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Develop/ review best estimate pricing assumptions to provide pricing proposals.
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Lead pricing exercises for new and existing products, ensuring financial sustainability and competitiveness.
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Develop, validate, and enhance actuarial pricing models, incorporating data-driven insights and emerging trends.
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Support product development by providing actuarial insights on benefits, risk factors, and premium structures.
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Ensure compliance with internal product pricing policies, processes and regulatory guidelines
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Perform actuarial research and competitor analysis to maintain an understanding of industry trends and assess feasibility of various possible pricing solutions.
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Support actuarial and pricing related projects and company-wide initiatives.
Actuarial Model Development & Experience Analysis
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Involve in the development, maintenance, and enhancement of actuarial pricing models, ensuring technical accuracy and compliance with industry standards.
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Perform experience study and analyze trends including claims analysis, mortality/morbidity trends, and lapse/surrender behavior, to refine pricing assumptions, and adjust pricing models accordingly.
Business Collaboration & Stakeholder Engagement
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Work closely with Product Development, Underwriting, and Distribution teams to ensure product pricing is competitive while meeting profitability targets.
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Steer pricing related special projects from end-to-end and collaborate with stakeholders to ensure projects delivery within timelines.
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Support marketing and business development in building and maintaining effective relationships with stakeholders.
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Work closely with Retakaful Operators in reviewing and negotiating treaty terms of new products to assess risk strategies and optimize treaty terms.
Regulatory & Governance Compliance
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Ensure a robust pricing governance framework, including validation, monitoring, and regular updates of pricing models to comply with regulatory, actuarial and internal standards.
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Review of pricing methodology and models that meet the internal and regulatory requirements.
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Prepare and present actuarial justifications for regulatory submissions, including product filings and repricing exercises.
People Management
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Supervise, mentor, and develop junior actuarial staff, fostering a high-performance culture.
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Promote continuous learning and technical innovation within the actuarial pricing function.
Requirements
•
Possess a Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related field. Have good progress and passed intermediate/Fellowship actuarial exam in one of the actuarial associations recognized by BNM,
•
Have experience on life insurance/takaful industry with basic knowledge in underwriting, claims, servicing, and agency administration.
•
Extensive actuarial experience and understands actuarial principles in life insurance/takaful.
•
Demonstrates good communication skills, computer skills (Macro, Visual Basic, Excel, Words, etc), product modelling & projection skills, people and project management skills.
•
High level of integrity, takes accountability of work, and good attitude over teamwork.
•
Take initiative to improve current state of things and adapt to embrace new changes.
•
Champion and embody our Core Values in everyday tasks and interactions.
•
Demonstrate high level of integrity and accountability.
•
Take initiative to drive improvements and embrace change.
•
Take accountability of business and regulatory compliance risks, implementing measures to mitigate them effectively.
•
Keep abreast with industry trends, regulatory compliance, and emerging threats and technologies to understand and highlight potential concerns/ risks to safeguard our company proactively.
About the company
Founded in 1908, Great Eastern is a well-established market leader and trusted brand in Singapore and Malaysia. With over S$100 billion in assets and more than 16 million policyholders, including 12.5 million from government schemes, it provides insurance solutions to customers through three successful distribution channels – a tied agency force, bancassurance, and financial advisory firm Great Eastern Financial Advisers. The Group also operates in Indonesia and Brunei. The Great Eastern Life Assurance Company Limited and Great Eastern General Insurance Limited have been assigned the financial strength and counterparty credit ratings of “AA-” by S&P Global Ratings since 2010, one of the highest among Asian life insurance companies. Great Eastern’s asset management subsidiary, Lion Global Investors Limited, is one of the leading asset management companies in Southeast Asia. Great Eastern is a subsidiary of OCBC, the longest established Singapore bank, formed in 1932. It is the second largest financial services group in Southeast Asia by assets and one of the world’s most highly-rated banks, with an Aa1 rating from Moody’s and AA- by both Fitch and S&P. Recognised for its financial strength and stability, OCBC is consistently ranked among the World’s Top 50 Safest Banks by Global Finance and has been named Best Managed Bank in Singapore by The Asian Banker.