Job Purpose:
- Participate in designing new products;
- Price new products, revamp current products;
- Perform relevant actuarial tasks including modelling, technical supports for sale force;
- Cooperate with relevant departments in launching new products, completing product guidelines;
- Support sale channels and customer service departments;
- Perform other tasks upon manager’ requests.
Key Responsibilities:
1. Participate in designing new products:
- Cooperate with relevant departments (sale, bancassurance, marketing) to perform researches on market demand, competitors’ products, compare the company’s products to competitors’ products to identify the differences.
- Propose ideas on new products from product development perspective
2. Price new products, revamp current products:
- Participate in evaluating, proposing and setting up pricing assumptions
- Participate in determining 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 report 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 support line manager to proposal suitable management actions for future product’s strategy.
4. Perform relevant actuarial tasks
- Work with reinsurer on reinsurance rates, perform reinsurance reports periodically
- Provide comments on risk assessment and underwriting from product development perspective
- Propose relevant comments on other actuarial tasks
5. Cooperate and support relevant departments in launching product, complete product regulations and guidelines
- Discuss with others internal and external stakeholder on product features, illustration, regulations and product guidelines, product configuration documents
- UAT for business functions in IT system (SAP, EBAO or other systems)
- Participate in conducting and completing product regulations
6. Support sale and customer services
- Support relevant departments of HO (claim management, policy management…)
- Support branches following their requests
7. Other tasks upon 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
