Senior Pricing Actuary

Job content

Job Summary

The South East Asia pricing team covers all aspects of pricing for Individual/Group Life & Health business for SCOR Global Life. This covers many countries, business lines and product types. This Senior Pricing Actuary position reports to the South East Asia Head of Pricing.

This senior level role requires a deep understanding of SEA’s market and client strategies and support its executions by:

· Ensuring the delivery of consistently high-quality and client centric quotation process for the SEA markets

· Supporting the business development and product development activities in the region

· Driving innovation in operational process and customer solutions by engaging in strategic projects with our clients

· Supporting the brand building of SCOR SEA with contributions to industry papers and presentations

· Managing production of rates, peer review the output of pricing actuaries

· Developing pricing bases and pricing guidelines for key risks

· Analyzing client experience for tenders and own experience for management information.

· Running research as well as other ad-hoc projects.

· Supporting Head of Pricing on various tasks, including training and guidance of other team members

· Supporting Business Development client delivery and communication

Key duties and responsibilities

Pricing

· Manage quotation production, ensuring accurate rates produced within specified timeframes

· Ensure comprehensive documentation produced to support quotes

· Challenge existing thinking and manage change for the team

· Ensure pricing basis are updated in line with accumulated experience and other sources of data

· Show excellence in technical skills and process management

· Mentor and professionally help grow younger team members

Experience Analysis

· Manage the analysis of data provided by clients & suggest pricing bases for quotes

· Analyze SCOR data to contribute to MI, profitability analysis and client management

· Be proactive, suggesting new analyses of the data

Research

· Manage various parts of SCOR’s research activities and ad-hoc opportunities as required

· Contribute to SCOR publications

Client management

· Supporting Client managers during Market visits by bringing technical expertise

· Develop relationships and provide excellent customer service, both internally and externally to help deliver the company’s brand/plans

· Business travel 6-12 times per year

Change management

· Pro-actively consider different ways of doing things to improve efficiency

· Present suggestions to develop new business opportunities

· Support Head of Pricing in innovative analyses using client or other data

Required experience and competencies

Experience

· 8+ years experience in a Pricing or Valuation function in the Life insurance industry. Reinsurance experience is strongly preferred.

· Excellent knowledge of Microsoft packages (particularly Excel/Access). Knowledge of other analytic tools

· Experience or working both within a team (multicultural) and as a self-motivated individual

· Protection Pricing experience, ideally in Life reinsurance, is a plus

· Experience of mortality/morbidity (PA, CI, Health) analysis

· Knowledge of South East Asia protection market

Essential competencies

· Excellent analytical skills

· Attention to detail

· Self-motivation and organisation

· Team work

· Customer focused

· Good communication and interpersonal skills

Desirable competencies

· Knowledge of SAS/Python/R data tools

Personal competencies

· Oral and written communication skills

Required education

· Bachelor’s degree in Actuarial Science, Mathematics or related field

· Qualified actuary (FIA/FFA/FSA) or other recognized Actuarial body. 2+ years post-qualified experience preferred.