Senior Pricing Actuary

The South East Asia pricing team covers all aspects of pricing for Individual/Group Life & Health business for SCOR Global Life. This senior level role requires a deep understanding of SEA’s market and client strategies and support its executions by:

• Ensuring the delivery of consistently high-quality and client centric quotation process for the SEA markets
• Supporting the business development and product development activities in the region
• Driving innovation in operational process and customer solutions by engaging in strategic projects with our clients
• Supporting the brand building of SCOR SEA with contributions to industry papers and presentations
• Managing production of rates, peer review the output of pricing actuaries
• Developing pricing bases and pricing guidelines for key risks
• Analyzing client experience for tenders and own experience for management information.
• Running research as well as other ad-hoc projects.
• Ownership of pricing process for at least one key SEA market, but with significant exposure to many other markets
• Supporting Head of Pricing on various tasks, including training and guidance of other team members
• Supporting Business Development client delivery and communication

Responsibilities

• Manage quotation production, ensuring accurate rates produced within specified timeframes
• Ensure comprehensive documentation produced to support quotes
• Challenge existing thinking and manage change for the team
• Ensure pricing basis are updated in line with accumulated experience and other sources of data
• Show excellence in technical skills and process management
• Mentor and professionally help grow younger team members

• Manage the analysis of data provided by clients & suggest pricing bases for quotes
• Analyze SCOR data to contribute to MI, profitability analysis and client management
• Be proactive, suggesting new analyses of the data

• Manage various parts of SCOR’s research activities and ad-hoc opportunities as required
• Contribute to SCOR publications

• Supporting Client managers during market visits by bringing technical expertise
• Develop relationships and provide excellent customer service, both internally and externally to deliver the company’s brand/plans
• Business travel 4-6 times per year

• Pro-actively consider different ways of doing things to improve efficiency
• Present suggestions to develop new business opportunities
• Support Head of Pricing in innovative analyses using client or other data

Qualifications

• Min 10 years' experience in a Pricing or Valuation function in the Life insurance industry. Reinsurance experience/knowledge is preferred but not required.
• Excellent knowledge of Microsoft packages (particularly Excel/Access).Knowledge of other analytic tools
• Experience or working both within a team (multicultural) and as a self-motivated individual
• Protection Pricing experience, ideally in Life reinsurance, is a plus
• Experience of mortality/morbidity (PA, CI, Health) analysis
• Knowledge of South Asia protection market

Essential competencies

• Excellent analytical skills, critical reasoning
• Attention to detail
• Self-motivation and organization, working in a dynamic environment
• Team work
• Customer focused
• Good communication and interpersonal skills

Desirable competencies

• Knowledge of SAS/Python/R data tools or other equivalent

Personal competencies

• Oral and written communication skills

Required education

• Bachelor’s degree in Actuarial Science, Mathematics or related field
• Qualified actuary (FIA/FFA/FSA) or other recognized Actuarial body. More than 2 years post-qualified experience is preferred.

About us

SCOR, the 4th largest reinsurer in the world, provides insurance companies with a diversified and innovative range of solutions and services to control and manage risk. Leveraging experience and expertise to deliver “The Art & Science of Risk”, SCOR provides cutting-edge financial solutions, analytics tools and services in all areas related to risk – from Life & Health and Property & Casualty insurance to Investments. Our specialized teams operate in over 160 countries, fostering long-term relationships with clients.

In order to provide our clients with a broad range of innovative reinsurance solutions, SCOR pursues an underwriting policy that is founded on profitability and supported by effective risk management strategy and a prudent investment policy. This approach allows us to offer clients an optimum level of security, to create value for shareholders, and to contribute to the welfare and resilience of society by helping to protect insureds against the risks they face.

At SCOR, we believe that employing people from different backgrounds and ensuring inclusivity is a major driving force for the success of the Group. We are committed to fostering a work environment in which all employees are treated fairly and respectfully, have equal access to opportunities and resources, and can contribute fully to SCOR’s success.