Officer/Supervisor – Product Development

Tokio Marine Life Insurance (Thailand) Public Company Limited

Tokio Marine Life Insurance (Thailand) Public Company Limited (Bangkok)

Bangkok

Bangkok, Thailand

More than 140 years ago, we were established as the first insurance company in Japan. Our network now spans across 45 countries, and we have never lost sight of conducting business with integrity, passion and quality. Doing good, being good means profits are not the be all and end all of our existence, but a natural side effect of doing the best for customers, employees and society. Working to be a Good Company brings us together as a united global insurance group.

About this position

Responsible for product development including profit testing and UAT process, preparing experience analysis and management reports, and handling actuarial projects assigned by supervisor.

Responsibilities

Major Responsibilities / ACCOUNTABILITIES :-
Product Development
• Profit testing which can be ensured that the results are accurate and trustworthy
• Providing in-depth analysis of profit results with rationale/ suggestions / comments to facilitate the next steps reviewer to understand the financial / operational key risks
• Develop premium rate that can ensure the company’s profitability & marketability
• Submit the report to get approval from TMA before launching date
• Making or supporting others on sale materials e.g. calculation files and so on

Reinsurance Administration
• Prepare reinsurance statements of account to the reinsurers and internal parties on regular basis (by quarterly, monthly etc.) which is including actual statement and estimation.
• Reinsurance analysis report (if any)
• Involving reinsurance project, assisting to UAT and ensure the accuracy of the results
• Be able to handle any system issues and cooperate with IT and reinsurers to provide the best solutions, minimize the risk incurrences.

Actuarial Projects assigned by supervisor, Analysis & OIC’s Reports
• Responsible for analysis of any assignments, not limited to regular report but also extended to ad-hoc by special requests.
• Be able to prepare experience analysis to support the profit testing such as lapse assumption, claim ratio or loss ratio etc.
• Prepare statistic reports required by OIC / TMA (regional office) for compliance.

Actuarial Projects assigned:
• Responsible for actuarial projects i.e. learning new jobs/knowledge to improve themselves, finding new method to improve department’s work flow.

Requirements

• Be able to prepare experience analysis and management reports supporting the product development
• Be able to handle actuarial projects assigned by supervisor.