About FWD Group
FWD Group is a pan-Asian life and health insurance business that serves approximately 30 million customers across 10 markets, including BRI Life in Indonesia.
FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience.
Established in 2013, the company operates in some of the fastest-growing insurance markets in the world with a vision of changing the way people feel about insurance.
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PURPOSE
Implementation/Supervision of FWD actuarial practices and provide values added support to local business unitsAct as the leader among Group Actuarial on review and approval of wealth, saving and investment products to ensure FWD Group’s pricing requirements are met.Advise BUs on the actuarial technical know-how, SAA formulation and influence BUs’ decision on pricing, product design, investment strategy and reinsurance strategy of wealth, saving and investment products.Lead the negotiation and provide Group review on any asset intensive reinsurance flow dealDrive the pricing metrics and pricing methodology reviewLead one country managerKEY ACCOUNTAIBILITIES
Owner of Group Product Pricing Policy and Group Product Development and Pricing Guideline.Oversee and advise countries on day-to-day business process in areas of wealth, saving and investment products.Lead improvements to the overall process and bring new thinking to the function and team focusing on strategic initiativesWork closely with Group Product and be advisor from actuarial point of view on new wealth, saving and investment products and make respective decision across all marketsDevelop and draft pricing benchmark, pricing methodology and directions of FWD based on market trends and local regulationsParticipate in countries' committee and to provide group guidanceProvide group guidance to countries’ actuarial teams to perform analysis to facilitate management decisions
Develop rapport with business unit management through leading regular communication of changes in business operations, emerging risks and potential issues, etc.Manage the development of the actuarial related policies and guidanceLead countries to determine reinsurance strategies & investment strategies on wealth, saving and investment productsReview and improve the actuarial models adopted for pricing, valuation, reporting, reinsurance and compensation functions.Support and prepare relevant materials for the Group Board, ALMCO, Investment, Risk & Actuarial Committees, local Board and local key committeesSupport the development of business cases for new initiatives, e.g. M&A, new markets, channels development, partner acquisition, etcManage and liaise communication with senior management independently.Provide training and guidance to countriesParticipate on special projects as assigned
QUALIFICATIONS / EXPERIENCE
10+ years insurance experience in pricing, actuarial and/or risk management functionsFellowship member of an internationally recognised actuarial professional bodyTEAM management experiencesKNOWLEDGE & TECHNICAL SKILLS
Understanding of the interactions for insurance liabilities, capital, investment, product, EV, financial reporting, and risksWorking knowledge of applicable laws, regulations, rules, codes of conductCommunication skillsModelling skills