Assistant Manager, Inforce Management

Some careers have more impact than others.

If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be.

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 is a world-class institution where you can specialize in Insurance but enjoy the advantages that come with being part of a leading global international bank.

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

Strategic Initiatives

Plan and execute strategic campaigns to improve persistency, take up rate and achievement of business KPIs.

Monitor the performance of new product launches and campaign performance metrics including sales volume, average case size, premium term and profitability margin.

Engage distribution and internal stakeholders, manage campaign related queries and leverage feedback to enhance the effectiveness and design of future campaigns; Lead campaign fulfilment activities such as validation and coordination with operation teams, ensuring timely and accurate delivery while maintaining proper controls.

Inforce Management :

Provide analytical support for ad-hoc projects relating to the management of the inforce business including assessing profitability and solvency impact from initiatives to optimise the value of the inforce block of business.

Drive continuous improvement by identifying opportunities to simplify processes and strengthen collaboration with other lines of business

Cross-Functional Collaboration :

Support the review of assumptions, pricing models and reinsurance treaties from the pricing team and reinsurance team respectively.

Collaborate with the actuarial team on the management of profitability for Index Universal Life products, lapse monitoring and actions to improve persistency.

Governance

Ensure adherence to internal policies in all campaign and inforce management actives, maintaining compliance with corporate standards and regulatory expectations.

Qualifications

To be successful you will need

Bachelor's degree in actuarial science or related field

Progress towards actuarial qualifications (SOA, IFoA, IoAA or equivalent) preferred

Strong interpersonal skills to manage cross-functional collaboration

Analytical and curious, with a balance of technical discipline and commercial sense

Organised and able to manage multiple deliverables in a fast-paced environment

Opening up a world of opportunity

HSBC is committed to building a culture where all employees are valued, respected and opinions count.

We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment.

Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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