Job Information
The Cigna Group Senior Actuarial Associate, Group Health in Kwun Tong, Hong Kong
Job Purpose:
The position will be responsible for the following duties:
Responsible for reviewing and developing key assumptions supporting the actuarial pricing methodology for Global and Local Employee Health Business Lines with oversight from the Regional Actuarial Pricing Manager
Conduct pricing reviews of key pricing inputs such as: manual rates, medical trend, IBNP factors and expense factors
Review the data for consistency and accuracy, analyze the information, develop conclusions, and communicate those conclusions to Actuarial, Underwriting, and Sales teams.
Assist in the product development cycle and the development of premium rates for new product launches
Assist in preparing new business tenders for employee benefits, re-rates and client experience reporting
Build and Maintain business plan financial projection models and provide senior stakeholders insights into variances from business plan
Develop and review actuarial documentations, controls and procedures related to group insurance business
Identify issues proactively and alert manager to any issues with significant implications
Experience/Knowledge, Education and Other Requirements:
Degree holder in Actuarial Science
Attained professional actuarial qualification equivalent to ASA or close to completion, with minimum 4 years' relevant experience in group insurance business
Previous experience with group health pricing/modelling, forecasting, experience studies, and/or valuation is considered an asset
Experience using coding languages such as SQL, Python and/or VBA as well as experience using Alteryx is considered an asset
Excellent analytical skill with strong PC skills and knowledge of Excel and Access
Good command of both written and spoken English
Ability to work independently under pressure
About The Cigna Group
Cigna Healthcare, a division of The Cigna Group, is an advocate for better health through every stage of life. We guide our customers through the health care system, empowering them with the information and insight they need to make the best choices for improving their health and vitality. Join us in driving growth and improving lives.
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