Pricing Actuary

  • 37186
  • Life - Actuarial
  • |
  • Korea (South)
  • |
  • Apr 13, 2020
  • |
  • Korean
Reinsurance
RESPONSIBILITIES
  • Building Best Estimation to assess risks associated with extending insurance or financial products.
  • Analyze statistical data, such as mortality, accidents, sickness, disability and other related risks and construct tables to forecast risk and liability for payment of future benefits.
  • Responsible for the timely and accurate delivery of pricing terms.
  • Ensuring high technical standards of experience analysis.
  • Supporting the marketing and business development in building and maintaining effective relationships with clients.
  • Involvement in creating and preparing reinsurance solutions in accordance with the company standards with a focus on working in partnership with our clients to develop innovative solutions to their business challenges.
  • Provision of other actuarial service to the client.
  • Product development and developing relevant risk rate.
  • Study and discussion new product idea.
  • Developing risk rate for new products.
  • Participate in or lead project assignments such as pricing assumption revisions, deal structures, and product development.
  • Model and assumptions used for new business quotes.
  • All supporting materials and studies used in Pricing Committee review packages.
  • Project and analytical studies to support pricing assumptions.
  • Supporting key pricing accountabilities.
  • Client experience and mortality assessment.
  • Identification and quantification of risks in the proposed transaction and identification of mitigating structures or strategies.
  • Model projections.
  • May perform other duties as required.
QUALIFICATIONS
  • Bachelor’s Degree in Actuarial Science, Mathematics, Statistics, Finance or Accounting or equivalent combination of education and experience.
  • Qualified Actuary.
  • Minimum 5 years of industry experience.
  • Moderate verbal and written communication skills in English.
  • Able to read, write and speak fluent Korean to conduct business.
  • Proficiency in one or more life actuarial pricing systems.
  • Solid analytical skills with strong problem-solving ability.
  • Must be able to work effectively independently and as part of a team.