Pricing Actuary

  • 34894
  • Life - Actuarial
  • |
  • Singapore
  • |
  • Mar 18, 2019
Reinsurance
RESPONSIBILITIES
  • New Business Quotes and Tenders, Costing Methodology and Guidelines, Strategy, Product Development and Brand Presence.
  • Lead and support the pricing and modelling of new business; this includes the review on quotes in South East Asia.
  • Identify and understand clients' needs and concerns.
  • Collaborate with a cross-functional team of experts from client markets, underwriting and claims towards assessing the risks associated with a particular opportunity.
  • Review pricing guidelines and ensure their correct application.
  • Able to challenge status-quo and look to simplify and improve existing practices.
  • Keep up to date with market, regulatory and competitive trends.
  • Work with Experience Studies team to gain insight into claims and lapse experience.
  • Ensure pricing guidelines are kept up-to-date via research and experience studies.
  • Contribute to technical, research and project management input for product development initiatives.
  • Provide strategic inputs in the running of the company business in South East Asia including implications of regulations, market and industry developments.
QUALIFICATIONS
  • Qualified or close to qualify actuary with a Bachelor degree in Actuarial Science, Mathematics, Statistics, Economics or equivalent.
  • Insurance or reinsurance working experience; pricing experience, particularly across the South East Asian markets is strongly desirable.
  • Commercial and technical skills in Life & Health product design and pricing.
  • Demonstrate maturity and flexibility at managing both internal and external stakeholders.
  • Experience at using and developing pricing tools, is a plus.
  • Excellent verbal and written communication skills in English. Additional Asian language skills such as Thai, Vietnamese, Mandarin, Bahasa Malaysia or Bahasa Indonesia are desirable.
  • Travelling within South East Asia will be required about 10% of the time.