Chubb Life: Pricing Analyst

1 month ago


Singapur, Singapore CHUBB Full time

Role objective

Support Chubb Life Global Pricing Actuary and Head of Reinsurance in two areas:

reviewing product development, pricing and business strategy and plan execution across all Chubb Life markets. managing reinsurance portfolio across all Chubb Life markets. This includes analyzing and reviewing reinsurance placements, reinsurance drafts, reinsurance claims referral, and reinsurance profitability.

Chubb Life markets include Asia-Pacific and Latin America regions (may evolve to be more focused on specific markets). This role will work with various Local and Global teams to ensure the robustness and appropriateness of the product development, pricing, and product & reinsurance approvals, while complying to internal process and governance. 

Responsibilities

Product Pricing

Review new product development and actuarial pricing. Perform further analysis or risk assessment as and when needed. Ensure the product pricings are robust and appropriate in accordance to the latest assumptions, Global guidelines, underwriting process, and pricing frameworks.  Provide pricing support for new distribution deals, new partnership opportunities, or other business development activities. Identify any gaps and enhance existing product review and approval process and management reporting on products.  Provide support in enhancement of existing pricing methods, assumption development, or profitability measurements (. VNB) as required to keep methodologies relevant in light of changes in regulations, market conditions, capital or accounting standards (. LDTI). Conduct pricing deep dive into key markets’ business to identify risks, challenges and action items. Develop, maintain, and enhance tools for product pricing review and monitoring. Track and follow-up on all product approvals that are pending with the Group Product Team. Prepare materials and participate in Product Approvals meetings.

Reinsurance

Support reinsurance placements submissions review. Perform further analysis and provide guidance to Local teams as and when needed. Identify any gaps and enhance existing reinsurance buying guidelines, review & approval process, and management reporting on reinsurance portfolios. Coordinate with Legal and Local teams to review reinsurance drafts and ensure successful implementation of reinsurance treaties. Coordinate with Claims and Local teams to review large claims and ensure accuracy of claim cession. Coordinate with Finance/Actuarial/FP&A in tracking and monitoring the reinsurance profitability. Perform analysis on reinsurance P&L. Track and follow-up on all reinsurance approvals that are pending with the Group Product Team. Prepare materials and participate in Reinsurance Approvals meetings.

Pricing & Reinsurance Projects, Product Development, and Business Strategy

Support various internal pricing and reinsurance projects. Collaborate and coordinate with various Local and Global teams, and any external consultants to ensure timely and successful delivery of the projects. Prepare materials and participate in Project meetings. Support Chubb Life annual business planning. Monitor and oversee business plan execution from product/pricing/reinsurance perspectives. Collaborate with GO Product Specialist and local operations to develop business strategy and product pipeline. Support product and reinsurance strategy development and monitor the execution

Qualifications

At Chubb, we are committed to equal employment opportunity and compliance with all laws and regulations pertaining to it. Our policy is to provide employment, training, compensation, promotion, and other conditions or opportunities of employment, without regard to race, color, religion, age, sex, sexual orientation, transgender, national origin, disability, genetic information, veteran, or marital status, or any other characteristic protected by law. For additional information about Chubb or its services, please visit our

Recently or nearly qualified Life Actuary (Associate of the Society of Actuaries or equivalent) A minimum of 5 years of actuarial experience in the life insurance industry (preferably in pricing, reinsurance, assumptions and data analytics) Familiarity with regulatory and product landscape and reinsurance structures in Asia-Pacific Hands-on experience in negotiating and managing reinsurance agreements, covering both treaty and facultative is a plus.  Understanding of other reporting regimes besides Local Statutory (. . GAAP/LDTI, IFRS17) is a plus Strong modeling skills (MS Excel); knowledge of actuarial software (. Prophet) and programming languages (. Visual Basic, SQL) is a plus Speaking additional language (., Chinese, Korean, Spanish is a plus

Skill set

Strong analytical and technical skills, plus strong organizational skills with an ability to prioritize whilst managing various projects and resources. Excellent interpersonal and communication skills, ability to effectively present and explain complex concepts to a non-technical audience. Dynamic, energetic and shows initiative to learn new concepts. Commitment to understanding the actuarial and commercial aspects of the life insurance industry which are crucial for the successful operation of a global life company in developing international markets in Asia and Latin America. Genuine aptitude for working in an energetic and entrepreneurial small team environment and demonstrates the ability to work well with colleagues across functions and geographies. Ability to meet tight deadlines and work extended hours and weekends when required
 

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