MetLife

Role Value Proposition

• Responsible for managing pricing for Nepal
• Support Nepal team for various actuarial related activities on product / pricing:

1. Support automation projects e.g. Actuarial Model development for new product, Illustration part, Product calculator etc
2. Provide production steward reviews for new Prophet models for pricing new Products

• Develop strong working relationships and strategic partnerships with internal clients (e.g. Dev team, QA team, local office, IT and other users of models) to ensure a high degree of customer satisfaction
• Guide a team of Nepal based experienced actuarial students on product / pricing related activities and ensure critical focus on core deliverables throughout
• Ad-hoc project for Regional Product Review team to perform independent product review for Asia countries

Key Responsibilities

• Develop/enhance pricing models for new product initiatives
• Price products using appropriate assumptions and ensure financials and risks meets company’s guidelines
• Able to communicate effectively and present the financial metrics to Appointed Actuary and Regional Office to seek for product approval, based on the company’s guidelines on risk and profitability
• Coordinate efforts to file applications with various stakeholder to allow operations of products and services 
• Assist Nepal team to respond answers to the queries raised from regulator to obtain regulatory approval to introduce new viable insurance products to the marketplace 
• Work closely with department management to introduce new products and features into the underwriting and claims departments daily function in addition to ensuring that all relevant business units are equipped with the necessary tools and data to economically deliver insurance products 
• Contribute knowledge and expertise toward executive presentations to the senior management
• Active delegation and execution of work while maintaining strong focus on quality, timeliness, and effective communications
• Provide desired output using actuarial software like PolySystems/Prophet/Product pricing related system

Key Performance Indicators (KPIs) of Position:

• Ensure new / repriced products are financially sounded and meet the enterprise strategy
• Review necessary enhancements to the Pricing Models

• Validation of changes made in the Models for Pricing
• Contributing towards good team morale and positive team engagement and professional development
• Ensuring excellent communication between local team and stakeholders based in different geographical locations
• Taking ownership of work; clearly flagging any issues and goal delivery concerns to senior leadership team

Essential experience, skills and competencies:

• ASA and 5 years of actuarial experience and experience in pricing

• Respectful of deadlines, discipline, and process, yet flexible and pragmatic within a growing business
• Capable of working autonomously or with a team, and of balancing own initiative with advice from others
• Able to navigate through complex problems and organisations to achieve results and deliver solutions

• Excellent Excel/VB/ VBA skills
• PROPHET and POLYSYSTEMS models is a plus
• Knowledge of SQL, R and ability to learn new software