Associate Pricing Actuary

About the role

As Associate Pricing Actuary, you will be responsible to help senior team members in analyzing the profitability of the assigned line of business. You will help to identify drivers to portfolio performance and develop to mitigate gaps between what has been costed against actual performance.

You will work with Senior team members and stakeholders in Underwriting, Reserving, Claims and Finance to help in building a 360° view on the portfolio with an independent Actuarial Pricing opinion on the portfolio's expected performance.

You must be willing to learn and use actuarial methods and data science techniques to help develop insight on trends to set costing parameters, helping improve the predictability and accuracy of costing the model. You will have a direct impact in helping steer the profitability of your portfolio and ultimately the overall Business Unit's performance.

About the team

The Actuarial Portfolio Management APAC team comprised of a mix of expert members already entrenched in their dedicated product specialization and highly motivated newer members who thrive in a dynamic and fast learning environment. This team reports into the Chief Underwriting Officer and is part of the Global Actuarial Portfolio Management unit comprising portfolio steering teams and two other regional pricing teams with the same regional directive of driving costing accuracy for Swiss Re Corporate Solutions.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work.

Main responsibilities

Profitability Studies

• Work with senior team members to help build a clear and independent view on current pricing or loss adequacy driven by data analysis.
• Translate details into impactful Executive reports along with effective visualizations and recommendations.

Costing Accuracy and Data Analytics

• Help and work with senior team members to translate profitability findings into corrective actions on costing models and parameters, involving:
  • Developing and maintaining costing parameters and tools
  • Model and price deal transactions.

• Willing to learn and use actuarial and data science techniques to develop insights and trends that can be used for risk selection or differentiation; and costing improvements.

About you

Professional experience

• A minimum of 2 years of experience in P&C commercial insurance. Knowledge of Property and Specialty insurance products would be an additional advantage.
• You have experience in - insurance pricing, portfolio profitability analysis and costing model and tool development. Know-how of commercial insurance and reinsurance treaty pricing would be an additional advantage.
• You are reasonably familiar with costing techniques and compare costing vs reserving views and techniques.

Technical skills

• You have highly developed numerical and analytical skills. You can translate your quantitative work into effective visualizations for high impact communication.
• You have applied these skills using real business data to develop insights and practical solutions.
• You have a good understanding/ willing to learn actuarial methods, models and related business processes.
• You have statistical programming skills (e.g. R, Phyton).  Know-how of data science techniques would be an advantage.
• You can build assumptions, methods and conclusions with focus to evaluate accuracy and uncertainty in models.

Personal Skills

• You are keen to learn and apply advance actuarial methods and data science techniques.
• You are motivated to focus executing on delivering high quality results on time.
• You can articulate and communicate your work effectively and be comfortable in presenting your work to senior team members and leaders.
• You work for the collective success of the team in close collaboration with senior team members. You are open and dependable; and demonstrate collaboration and intercultural competence.

Educational level

• Master's degree in mathematics, Statistics, Economics or equivalent quantitative/ statistical fields.