Employee Benefits Pricing And Product Director

• Technical review and inputs to medical cost assumptions and pricing models, group underwriting methods, health risks management, proposition and benchmark including benefits and wordings of new and refreshed products;
• Provide Chief Actuary and other key decision-makers with relevant risk assessment to support decisions on technical pricing or group underwriting quotations;
• Steer discussion with distribution channels, Claims, Underwriting, Medical Networks to align overall product strategy and implementation;
• Establish best practice and tools for product development, pricing and portfolio performance monitoring;
• Review reinsurance arrangement to achieve optimal strategic alignment, product proposition and profitability, and contribute to arrangements with health service and process providers;
• Ensure adequate transparency of business performance through timely reports of technical and business decisions, and regular experience reviews.

• Strive for EB product innovations and feasibility study to enhance customer value propositions and business growth opportunities across distribution channels;
• Maintain and further develop product knowledge base to facilitate knowledge sharing and idea generation;
• Lead research and regular updates of public-private healthcare systems to identify opportunities and manage risks.

• Lead technical analysis and develop tools to systematically review and monitor performance including claims analysis & wellness report;
• Steer insights from technical analyses to drive business actions to improve Employee Benefits portfolio performance and achieve targets;
• Participate in Strategy Planning and regular Business Reviews to drive Employee Benefits strategy and actions to manage key business risks with internal and external stakeholders;
• Recommend solutions to overcome challenges and risks;
• Co-ordinate and work with other teams (e.g., Claims, Underwriting, Medical Networks) to drive recommended solutions;
• Control department budget & expense

• Monitor daily processes to streamline the medical underwriting workflow & processes and work across departments to solve the daily operations and problems to improve turnaround time, improve accuracy and consistency to meet the AXA’s operational requirements and guidelines;
• Liaise and work closely with Reinsurers on the medical underwriting assessment of Group Life cases and drive for optimal underwriting terms.

• Proven experience in product development & pricing in insurance industry, particularly in EB
• Fellow Actuary - Good technical foundation, with excellent working knowledge of actuarial techniques, issues and application to product pricing and experience review, and reporting;
• Strong working knowledge of insurance product development process, including marketing, operation, distribution and systems considerations;
• Familiar with insurance company business and operations in a multi-national company setting;
• Strong drive, able to work independently and take lead in designated projects with multiple stakeholders;
• Excellent influencing, negotiating skills and communication capability, including the ability to interact and partner with other team leaders to achieve objective.

AXA