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Actuarial Analyst
2 months ago
Job Summary
The Actuarial Analyst - Pricing Specialist will be responsible for developing and implementing pricing models to meet clients' objectives and RGA's minimum requirements. This role will work closely with internal counterparts to develop sustainable reinsurance solutions and conduct review and provide sound advice for actuarial work.
Key Responsibilities
- Develop and maintain pricing models to ensure accurate and timely pricing of individual business.
- Collaborate with internal teams to develop and implement reinsurance solutions that meet RGA's minimum requirements.
- Conduct actuarial reviews and provide sound advice to ensure compliance with regulatory requirements.
- Conduct research and develop pricing basis for new business development initiatives.
- Ensure pricing basis are documented and approved for all reinsurance coverage allowed under the country mandate.
- Provide technical support for the execution of product development initiatives.
- Structure and develop required in-force pricing solutions to maintain RGA's profitability.
- Deliver quarterly insurance risk monitoring reports to highlight emerging trends and recommend management action if required.
- Enhance and streamline in-force management infrastructure and tools to improve efficiency.
- Provide insights drawn from in-force portfolios to develop and sharpen pricing bases.
- Handle in-force business enquiries from Business Development, Valuation, Data Administration and other regional teams.
- Support ad-hoc corporate and internal projects.
Requirements
- Bachelor's degree in actuarial science, statistics, math, finance, or related fields.
- Fresh graduate / 1-2 years working experience.
- Highly organized, delivery-orientated with the ability to work with multiple concurrent projects.
- Highly motivated, results oriented and solutions focused.
- Ability to work effectively under pressure.
- Strong interpersonal skills with the ability to negotiate and influence others.
- Strong technical skills and attention to detail.
- Strong client services ability with excellent communication skills (both written and verbal).
- Advanced Excel and strong programming skills are required.
- Experience in actuarial software, e.g. Axis, is strongly preferred.
- Ability to challenge and enhance existing analytical methodologies.
- Innovative, proactive and improvement oriented.
- Ability to work independently and as part of a team and deal with multiple stakeholders within the business.
