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Shanghai, 31, CN

Pricing Actuary


About Swiss Re Corporate Solutions

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer. We anticipate and manage risks, from natural catastrophes and climate change to cybercrime.

Swiss Re Corporate Solutions is the commercial insurance arm of the Swiss Re Group. We offer innovative insurance solutions to large and midsized multinational corporations from our approximately 50 locations worldwide. We help clients mitigate their risk exposure, whilst our industry-leading claims service provides them with additional peace of mind.

Swiss Re Corporate Solutions offers a flexible working environment where curious and adaptable people thrive. Are you interested in joining us?


About the Team

Swiss Re Corporate Solutions China is now looking to build business with personal insurance products sold under the brands of existing and new distribution partners. Execution of this strategy is via a B2B2C model across a variety of primary platforms.

In this role, you will be mainly responsible for assisting Pricing Manager and Head Products in managing products pricing, systems configuration and profitability analysis and management. You will also need to monitor competitive pricing, collaborate with distribution partners in setting prices for existing and new products, and thus drive significant revenue generation and profitability. You will also have a great opportunity to work in a startup environment in an established global institute to set up pricing procedures, tools and processes across various functional areas.

You will work with product managers, underwriters, partnership managers and others throughout the whole product design processes and thus enjoy a high visibility. Your initial focus will be on A&H products, but will gradually expand to other P&C lines such as homeowners and e-commerce related products etc.

About the Role

•    Work with Regional and China Product & Pricing Teams and responsible for product pricing, especially health product
•    Manage the pricing process for personal lines P&C China
•    Support on product development, data research, pricing tools/techniques improvement, actuarial report, product filing and risk management from actuarial perspective
•    Support system development and perform UAT on product/pricing/reinsurance related areas
•    Conduct regular post-launch pricing review and portfolio analysis
•    Develop, maintain and improve key pricing decision making processes and tools
•    Work on Regional projects such as database and technique tools development
•    Keep abreast of competitor product launch information, conduct product comparison in terms of pricing and positioning etc.
•    Assist other goals including new business initiatives, reserving, reporting, profitability reviews, planning, and business monitoring by delivering actuarial suggestions
•    Work with corporate Actuarial / Finance and other teams as needed

About You

•    You are very strong at modelling skills, and able to solve challenging technical problems 
•    You always think analytically and innovatively 
•    You don't stop at technical pricing and would love to go extra miles to generate business impact from conceptualization to implementation 
•    You have curiosity, intellectual capabilities and perseverance to continuously improvement your products 
•    You dare to break the limit and perform trial and error iteratively to drive innovation 
•    You love to identify product solutions together with partnership managers and other cross functional teams 
•    You are influencing and can communicate your ideas to all key stakeholders clearly 
•    You are willing to learn new knowledge/master new skills 
•    You should be familiar with Regulatory rules especially related to products and pricing.

•    College degree or higher in Actuarial Science, Mathematics, Statistics or Engineering etc.
•    FSA, FCAS or equivalent is preferred

•    Excellent written and oral communication skills in Chinese Mandarin is a prerequisite, and
•    Fluency in English is a plus.

Professional experience
•    Strong technical and modelling skills is a pre-condition for this role
•    With at least 5 years actuarial experience and good command on local actuarial regulation
•    Excel at health product lines, and experience in other lines such as Accident, Travel, Online Property or personal liabilities are preferred
•    Experience in rate making, pricing work, product development and filing
•    Experience in pricing products for start-ups, digital platforms, third party distributors will be highly valuated
•    Reinsurance and underwriting knowledge strongly preferred
•    In-depth knowledge of the current CBIRC requirements on product and reinsurance
•    Strong analytical skills with solid understanding of P&C or L&H actuarial techniques, standards, and assumptions
•    Strong knowledge of insurance operations, procedures and P&C insurance business
•    Experienced and knowledgeable actuarial viewpoint in a wide variety of actuarial subjects, and in company, industry, and regulatory practices

Other skills required
•    Expert at in-house pricing tools and / or data analytics software e.g. SAS, R, Python
•    MS Office Suite: MS Word, PPT, EXCEL
•    Outstanding interpersonal, communications and presentation skills

Reference Code: 100832 


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