Pricing Actuary
7 hours ago
About the Company
RANDSTAD PTE. LIMITED is a leading recruitment agency with an exclusive mandate for a general insurance company seeking a Pricing Actuary in Singapore. This position offers a unique chance to shape and drive the company's pricing strategies, focusing on motor insurance products.
- Create and implement pricing models for motor insurance products, ensuring alignment with business objectives.
- Conduct comprehensive pricing reviews and analysis to guarantee profitability and market competitiveness.
- Utilize actuarial techniques and data analysis to evaluate risk, refine pricing strategies, and forecast profitability.
- Collaborate with underwriters, product development, and claims teams to ensure pricing strategies align with business goals.
- Provide insights on market trends, competitor pricing, and product performance.
- Support regulatory reporting and compliance requirements related to pricing.
- Leverage advanced actuarial methods to lead pricing initiatives for new and existing products.
- Engage with senior management to deliver pricing reports, recommendations, and performance analysis.
Required Skills and Qualifications
• Qualified or nearly qualified actuary (e.g., FIA, FSA, AIAA, etc.).
• Minimum 5 years of pricing actuarial experience in the general insurance industry, with a strong focus on motor insurance pricing.
• Proven ability to design and implement pricing models for insurance products.
• Strong analytical and problem-solving skills, with experience in data analysis, statistical modeling, and actuarial techniques.
• Familiarity with pricing software and statistical tools such as SAS, R, Python, or equivalent.
• Excellent communication and stakeholder management skills, able to present complex actuarial insights to non-technical audiences.
$120,000 - $180,000 per year, plus benefits and bonuses based on performance. Salary estimate may vary depending on location, experience, and qualifications. The compensation package includes a competitive salary, health insurance, retirement plan, and opportunities for professional growth.
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