Actuarial Pricing, Intern

Manulife

  • Singapore
  • Training
  • Full-time
  • 24 days ago
Manulife Pricing Interns are exposed to a multitude of modelling and pricing techniques, and will be involved in all stages of the pricing process. There is a strong learning culture within the team, and interns are encouraged to be pro-active about any questions or doubts they might have; be it to clarify about the tasks given, technical difficulties, or even actuarial concepts. Interns work on tasks that materially affect the pricing process, and the team does not shy away from trusting interns with more technically demanding jobs if capability in doing so is demonstrated.Position Responsibilities:
  • Act as peer reviewers of the team's pricing models. This involves exposure to AXIS (actuarial software), and gives interns insight into how each benefit and reserve component is modelled in a life-insurance company.
  • Custom pricing. Interns perform ad-hoc pricing on special requests to provide better value to customers, whilst not exceeding company risk appetite and lower bounds for profitability.
  • Build Policy illustration templates and calculations. These calculations will be used as reference for the IT team for building these new products in the Manulife's live illustration engine.
  • UAT testing for new product launches. This involves extensive use of excel and the writing of macro programs (VBA) to expedite the checking process.
  • Other ad-hoc tasks
Required Qualifications:Currently enrolled in a Bachelor's degree in Actuarial Science or a related field.Able to commit a minimum of 4 monthsSelf-motivated with a strong desire to learnAttention to detailBasic knowledge of Microsoft ExcelWhen you join our team:We’ll empower you to learn and grow the career you want.We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.As part of our global team, we’ll support you in shaping the future you want to see.About Manulife and John HancockManulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit .Manulife is an Equal Opportunity EmployerAt Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact .Working Arrangement Hybrid

Manulife