Job description
Some careers open more doors than others.
If you’re looking for a career that will unlock new opportunities, join HSBC and experience the possibilities. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.
HSBC Life in Singapore is the combination of AXA Singapore and HSBC Insurance. Here you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank
Insurance is about people, and the promises they make. At HSBC Life in Singapore we help deliver on these promises by providing a wide variety of life insurance products and services to our clients throughout the Asia-Pacific region. Our employees enjoy a dynamic and innovative workplace and a world of opportunities to develop their careers in a high-profile growing business segment. We empower our combined team of high-performing individuals to build skills and explore new experiences to realise the full potential of being part of HSBC.
Together we will pursue efficient ways of working. We will harness the latest data and technology solutions to achieve meaningful outcomes for our clients. And the protection we offer will create broad and lasting impact, helping clients to be healthier, more productive and more confident in their futures.
We are currently seeking a high calibre professional to join our team as an Assistant Manager, Inforce Management.
Principal Responsibilities
In this role you will
Inforce Portfolio Management:
- Support the monitoring of profitability and performance of the inforce portfolio with a particular focus on Index Universal Life (“IUL”)
- Conduct analysis on key performance drivers including sales, persistency, costs of hedging and propose portfolio actions e.g. calibration of caps and participation rates to achieve outcomes
Persistency Management:
- Support the implementation of targeted strategies to improve policyholder retention and persistency for new and existing businesses
- Collaborate with other departments including Actuarial, Pricing, Distribution and Finance teams to execute initiatives that improve policyholder outcomes, enhance service propositions, and address key lapse drivers
Strategic Initiatives:
- Assist in the design, pricing and monitoring of portfolio initiatives across all life insurance products, including reinsurance
- Prepare reports on initiatives performance, persistency trends, financial impact and customer behaviour
Data & Analytics:
- Design and drive automation of dashboard that tracks product sales performance by distribution channel, customer demographics, and product selection trends
- Analyse trends and build business cases to support management decisions
Requirements
To be successful you will
- Bachelor’s degree in actuarial science or related field
- Demonstrated progress towards actuarial exams
- Has prior actuarial exposure and demonstrated ability to work with cross-functional teams on product performance or inforce strategy
- Detail oriented with a commitment to accuracy and quality
- Experience with Prophet, Excel VBA and/or SQL
- Strong interpersonal skills with proven ability of planning and problem solving
To be considered for this role, the relevant rights to work in Singapore is required.
Opening up a world of opportunity
http://www.hsbc.com/careers
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Issued by The Hongkong and Shanghai Banking Corporation Limited.