Pricing Actuary

2 weeks ago


Singapore PACIFIC LIFE RE SERVICES SINGAPORE PTE. LIMITED Full time
The Role


As an influential and innovative protection expert, your expertise in pricing, product development and experience analysis will be crucial as you work alongside Underwriting and Marketing teams to deliver creative solutions to meet the needs of our clients across the region.

Reporting into the Director of Pricing, the individual will support pricing duties across Asian markets as follows:

  • Responsible for the timely and accurate delivery of pricing terms and product development solutions to clients ensuring high technical standards of experience analyses and the production of high-quality pricing papers.
  • Responsible for assigned on-going treaty reviews and pricing recommendations, pricing methodology reviews and pricing model reviews
Supporting the marketing and business development in building and maintaining effective relationships with clients and promoting the Pacific Life Re brand, including:

  • Provision of actuarial services to clients,
  • Involvement in creating and preparing reinsurance solutions in accordance with Company standards with a focus on working in partnership with our clients to develop innovative solutions to their business challenges.
  • Promoting reinsurance solutions to a specific potential client or groups of potential clients,
  • Developing and proposing new product concepts for existing and potential clients,
  • Presenting our proposition to the client onsite at the insurer's offices,
  • Support the team in building and maintaining effective relationships with clients and promoting the Pacific Life Re brand, leveraging technical knowledge for the benefit of our clients through client meetings and active participation in Asian actuarial society
Qualifications & Experience

  • Qualified Actuary (IOA / SOA / IOAA)
  • Minimum of 5 years' experience in the Life (Re)insurance industry
  • Strong analytical skills, combined with excellent technical and commercial judgement with the ability to produce justifiable and practical pricing guidance even where data is sparse
  • Sound understanding of underwriting and claims practices and the interaction with pricing
  • Direct or indirect Asian market experience
  • Awareness of systems such as Access, Excel, SAS, SQL, Emblem is an advantage

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