AVP. – Product Development

Tokio Marine Life Insurance (Thailand) Public Company Limited

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

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.

Detail posisi

To provide actuarial expertise about product development and business development projects, including generation of product ideas, product design, profit testing, profitability analysis, participation in the product implementation Process, and evaluation of business opportunities. Negotiate with the reinsurer to get an effective reinsurance scheme. Deal with management reports, Analysis, and statistic reports. Lead and supervise his / her subordinates to develop their talents and gain practical experience. And Continuous professional development through participation in professional external/internal management training.

Kewajiban

• Product Development – Self Target: Perform product development – Specialized Accidental and Health products of individual, and group insurance and also covered the alternative distribution channels, pricing, profit testing, and filing to OIC for both premium rate and policy wording, including preparing the facility for new product implementation. Able to ensure the company’s profitability and marketability. Ensure the below activities are completed to meet the expectation.
• Profit testing which can ensure that the results are accurate and trustworthy.
• Review the product feasibility assessment, communicate with the Corporate Marketing Team to schedule the product timeline.
• Develop a premium rate that can ensure the company’s profitability & marketability.
• Pricing Assumption reviewing (for new product without experience)
• Cooperate with the implementation process ex. AS/400 setting up.
• Reinsurance: Negotiate any matter with the reinsurance company and be responsible for the reinsurance scheme to optimize the company’s benefits.
• People Management: Supervise his/her subordinates to develop their talents and gain practical experience.
• Projects assignment: Responsible for actuarial projects i.e. learning new jobs/knowledge to improve themselves and finding new methods to improve the department’s workflow.

Kualifikasi

• Bachelor’s degree in actuarial, Statistics or related fields
• At least 8 years of experience in Actuarial field (Product Development) or related fields
• 1 - 3 years of experience as management team leader would be an advantage.
• Strong analytical abilities including mathematics and statistical concepts.
• Good Decision Making and Excellent negotiation and conflict resolution skills.
• Good planning and Organizing skills.
• Have Knowledge of data gathering and manipulation techniques and tools such as Access, SQL etc.
• Computer and programming skills (Utilizing the Prophet Model and Microsoft Excel, specifically involving the implementation of macro functions, is required.)
• Fluent written and verbal communication skills in English
• TOEIC Score 600 up will be an advantage.