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.
For more information, please visit www.fwd.com
PURPOSE
- Implementation/Supervision of FWD actuarial practices and provide values added support to local business units
- Act 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 deal
- Drive the pricing metrics and pricing methodology review
- Lead one country manager
KEY 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 initiatives
- Work 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 markets
- Develop and draft pricing benchmark, pricing methodology and directions of FWD based on market trends and local regulations
- Participate in countries' committee and to provide group guidance
- Provide 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 guidance
- Lead countries to determine reinsurance strategies & investment strategies on wealth, saving and investment products
- Review 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 committees
- Support the development of business cases for new initiatives, e.g. M&A, new markets, channels development, partner acquisition, etc
- Manage and liaise communication with senior management independently.
- Provide training and guidance to countries
- Participate on special projects as assigned
QUALIFICATIONS / EXPERIENCE
- 10+ years insurance experience in pricing, actuarial and/or risk management functions
- Fellowship member of an internationally recognised actuarial professional body
- TEAM management experiences
KNOWLEDGE & TECHNICAL SKILLS
- Understanding of the interactions for insurance liabilities, capital, investment, product, EV, financial reporting, and risks
- Working knowledge of applicable laws, regulations, rules, codes of conduct
- Communication skills
- Modelling skills
Top Skills
What We Do
FWD Group is a pan-Asian life and health insurance business with more than 12 million customers across 10 markets, including some of the fastest-growing insurance markets in the world. The company was established in 2013 and is focused on changing the way people feel about insurance. FWD’s customer-led and digitally enabled approach aims to deliver innovative propositions, easy-to-understand products and a simpler insurance experience
