Actuarial Pricing Strategist
3 days ago
At GREAT EASTERN, we are seeking a professional to join our team as an Actuarial Pricing Strategist. This role is responsible for the timely and accurate delivery of pricing terms and reinsurance solutions while meeting the company's minimum requirements.
This involves being involved in the end-to-end pricing process, including assumption setting, modelling, treaty agreement and regular monitoring of pricing adequacy.
- Pricing Objectives:
- Develop/ review best estimate pricing assumptions to provide pricing proposals.
- Review of pricing methodology and models that meet internal and regulatory requirements.
- Ensure compliance with internal product and pricing policies, processes, profit margins, external regulatory guidelines and country mandates.
In this role, you will also be responsible for providing support in reviewing and negotiating treaty terms of new products and ensuring treaties are signed timely and accurately. You will need to perform actuarial research and competitor analysis to maintain an understanding of industry trends and assess feasibility of various possible pricing solutions.
You will play a supporting role in actuarial and pricing related projects and company-wide initiatives. You will take accountability in considering business and regulatory compliance risks and takes appropriate steps to mitigate the risks.
The ideal candidate will have a Bachelor's Degree in Actuarial Science and knowledge on actuarial models, industry standards, regulations and policies, own job discipline, completed Preliminary actuarial exams in one of the actuarial associations recognised by BNM.
Skillsets & Competencies:
- Good communication skills: Written and verbal.
- Relevant computer skills: Macro, Visual Basic, Excel, Word, etc.
- Skill in product modeling and projection, Data Analysis.
- Actuarial Knowledge, Product Knowledge and Development, Microsoft Word, Excel & PowerPoint, Database, Actuarial Application.
- High level of integrity, takes accountability of work and good attitude over teamwork.
- Takes initiative to improve current state of things and adaptable to embrace new changes.
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