Pricing Actuary

About the role

As a Pricing Actuary, analyzing the profitability of the business is key! We need to identify key drivers impacting the portfolio performance. We develop proposal in collaboration with business owners to mitigate gap between what has been costed against actual performance.

You will work with counterparts in Underwriting, Reserving, Claims and Finance to have a 360° view on your portfolio and develop an independent Actuarial Pricing opinion on the portfolio's expected performance. We develop insights on trends and set parameters to improve the predictability and accuracy of costing models. You will have a direct impact in steering of Credit and Surety 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 Actuarial Portfolio Management  Unit comprising pricing teams and portfolio Steering teams with the same directive of driving costing accuracy and portfolio steering 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

Have a clear independent view on current pricing or loss adequacy driven by data analysis of the in-force Credit & Surety portfolio

Coordinating the overall portfolio steering and risk mitigation process

Collaborate with customers and team members to develop a best estimate view and develop compelling recommendations

Work with the business to predict forward looking portfolio structure

Translate details into impactful Executive reports with effective communication

Costing Accuracy and Data Analytics

Translate profitability findings into corrective actions on costing models and parameters.

Build and maintain costing parameters(EAD, LGD, PD) and tools in accordance to Swiss Re Group standards and business needs.

Conducting forward-looking sector and credit market analyses and feasibility studies to support long term strategic intiatives

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

Provide best estimate recommendations and develop bespoke modelling techniques for structured transactions.

About you

Professional and technical skills

A minimum of 3+ years' experience in performing quantitative analysis, statistical modeling. Experience in credit risk modelling or pricing model for credit insurance will be preferred

Foundational knowledge and understanding of global macroeconomics, financial markets. Experience and knowledge of credit related products will be preferred

You have highly developed numerical and analytical skills. Foundation in statistical/econometric modelling techniques and/or data science methods will be an additional advantage

You have statistical programming skills (e.g. R, Phyton)

Whilst you have the attention to detail, you can see the bigger picture, focusing efforts on areas or solutions that would have the highest impact.

You can translate your quantitative work into effective visualizations for high impact communication.

You can derive recommendations and communicate implications to all partners- from peers to senior leaders.

Personal Leadership Skills

You are independent and accountable - and have the skill to organize the priorities to complete plans to achieve high quality results on time.

You work for the collective success of the team, take own initiative, are open and dependable; and demonstrate collaboration and intercultural competence. It is important that you can contribute towards a collaborative team spirit, sharing standard methodologies and insights and motivating the whole team to work together.

You can articulate your work and channel your communications accordingly to various situations (advocating vs. dissenting) and comfortable in communicating and defending your work.

Educational level

Masters in Statistics, Applied Mathematics, Operations Research, Economics, or other highly quantitative subject area

Progression towards relevant professional financial exams (CFA, FRM, CQF, IFoA, IAI, etc) is a plus.