Product Actuary, LII APAC Third Party

Overview As a key partner to the APAC business unit, the Actuary will support the Asia Pacific profit, growth and operational objectives by providing meaningful, insightful, high quality and timely actuarial advice. Actuarial analysis will be in the areas of pricing, product development, research/support, business planning and finance. The role provides consultation to senior managers and employees across the business on actuarial, financial, and business planning. It also manages, or participates in, projects designed to improve the quality of information, analysis, and process. Preference to Singapore or Hong Kong, flexibility to work from LII Asia offices. Please note this role requires supporting Australia Third Party business. Responsibilities Partnering with APAC Third Party business and supporting the Senior product actuary in business planning, account pricing, portfolio monitoring, segment analysis, rater review and enhancement. Liaising with underwriters to review and enhance pricing calculators, ensuring alignment with the latest claims trends, expense structures and market conditions. Conducting case pricing of individual large accounts, providing clear, commercially balanced recommendations to underwriters. Preparing segment analysis and exhibits for quarterly actuarial reviews; actively discussing quarterly portfolio experience with underwriters and claim employees. Maintaining and enhancing portfolio performance reporting, exploring opportunities to leverage centralized actuarial tools and platforms. Providing historical data analysis and prospective estimates in support of the planning process. Work with reserving teams to ensure assumptions are aligned and feedback loops are in place. Offering technical support to the Third Party business functions including but not limited to, underwriting, claims, finance, reinsurance and compliance. Taking ownership of deliverables, ensuring accuracy, thorough review, and timely completion. Providing technical training and guidance to junior team members and supporting their professional development. Contributing to an effective team environment by interacting professionally with all team members and providing development, support and assistance as required. Ensuring compliance with all legal, statutory and corporate affairs requirements in a timely basis. Taking responsibility and showing initiative in the development of your technical and soft skills. Continuing to seek improvement of the product by the continuous improvement of practices and processes. Performing other related duties as assigned by your manager or other appropriate officer. Competencies Sound numerical and analytical skills Strong customer focus – internal facing Advanced attention to detail and accuracy skills Advanced prioritization and time management skills Sound relationship building skills Sound verbal and written communications and presentation skills Strong ability to drive for results and focus on outcomes Strong ability to show initiative and be proactive Strong ability to form quality opinions and make sound decisions based on logical reasoning Developing people management and leadership skills Qualifications Qualified Actuary with ideally 2+ years post qualification experience. Minimum 5+ years’ experience in the insurance industry. Commercial Insurance experience is desired but not a prerequisite. Knowledge of Casualty/ Liability/ Long Tail classes is desirable. Excellent working knowledge of PC based systems and applications such as Outlook, Word, PowerPoint and MS Access, with advanced level of Excel skills required. VBA, SQL or Python skills are desirable. #J-18808-Ljbffr