R&d Actuary

3 days ago

Singapore PACIFIC LIFE RE SERVICES SINGAPORE PTE. LIMITED Full time

**The Role**

Reporting into the Director, R&D in Asia, the role is to support the delivery of the company’s actuarial bases for the Asia business unit, with a **strong focus on Korea **business.

The role is part of the Asia R&D team which is responsible for leading the development of Terms of Trade across all our lines of business and territories within Asia. This covers the standard assumptions used for pricing and the valuation of in force business. While the majority of the team, including the Director, is based in Singapore this role could be based in either Singapore or Seoul, Korea.

The R&D team is also responsible for analysing experience on existing treaties and for calibrating risk distribution functions for economic capital purposes.

The individual will focus on the Korean business and markets, but will be exposed to a range of other Asian markets from time to time. They will have the opportunity to work with a variety of experts, including underwriters and medical personnel, as well as with a range of data sources and methodologies. They will also help to coach and mentor other analysts in the team.
- Support the development and maintenance of the Branch’s Terms of Trade through analysis of experience data (both company specific and external) and an understanding of the distribution and risk landscape in the markets that we operate in (45%)
- Support the experience analysis and basis setting for current in force treaties (25%)
- Support the development and maintenance of the quantifying insurance risk framework across all lines of business through the calibration of probability distribution functions and documentation of methodologies (10%)
- Ad hoc research projects, for internal research priorities and occasionally involving presentations to clients and external parties. This will also include providing support to the life reinsurance quoting process via the analysis of available data in addition to supporting the pricing team in setting key pricing bases for new products or market initiatives (10%)
- Training more junior team members, providing them with technical support and carrying out technical reviews of their work (10%)

**Qualifications & Experience**

Essential Expertise:

- Nearly or Newly Qualified Actuary, ideally with a background that includes experience analyses and / or pricing.
- Good awareness of SQL, Excel and ideally other systems such as R, Tableau or Emblem, and a willingness to adopt to new software or systems as required.
- Good understanding of mortality and morbidity experience analysis calculations, and ideally Generalised Linear Models or other machine learning techniques.
- Strong interpersonal and communication skills. Should be comfortable giving presentations to both internal and external stakeholders in fluent English.
- Ability to take the lead on projects and provide effective training and coaching to more junior team members.
- Strong understanding of actuarial principles and processes.
- Strong analytical skills combined with sound judgement and commercial awareness.
- Good at finding creative solutions to analytical problems.

Desirable Experience:

- Korean language capability would be ideal.
- Direct or indirect Korean market experience and knowledge: culture, legislation, regulations, commercial practices.
- Management experience.
- Experience in building tables of mortality /morbidity rates.
- Data mining and multi-variate analysis.

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