Associate Actuarial Analyst

Swiss Re; Kuala Lumpur; On-site; MYR 70,000 - 100,000; Full time

Job summary

A leading global reinsurance provider in Kuala Lumpur is seeking a Pricing Actuary. In this role, you will support pricing for new business and collaborate across teams to assess risks. Ideal candidates will have a degree in Actuarial Science and 1-2 years of relevant experience, with knowledge of the Southeast Asian market preferred. This position offers an opportunity for professional growth in a dynamic environment.

Benefits

Inclusive work culture

Professional development opportunities

Qualifications

• 1-2 years of experience in life insurance or reinsurance pricing.
• Exposure to Southeast Asia markets is ideal.
• Knowledge of IFRS17 reporting is desirable.

Responsibilities

• Support pricing and modelling of new businesses.
• Collaborate with cross-functional experts to assess risks.
• Contribute to product development initiatives.

Skills

Analytical skills

Technical skills

Communication skills

Knowledge of Southeast Asia market

Programming (Excel, R, Python)

Education

Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics

Tools

Excel

R

Python

Job description

The role is at the forefront of shaping reinsurance solutions in dynamic and diverse. It offers the opportunity to apply analytical thinking to real-world challenges, collaborate across teams, and contribute to innovative product strategies that drive business growth and client impact. It’s a chance to combine technical expertise with market insight in a role that’s both intellectually rewarding and commercially influential.

About The Role

As a Pricing Actuary, you’ll play a central role in shaping reinsurance solutions by supporting new business pricing, product development, and portfolio optimization across Southeast Asia. You’ll assess client needs, collaborate with cross-functional teams to evaluate risks, and apply actuarial insights to enhance pricing strategies. The role also involves monitoring treaty performance, identifying improvement opportunities through data analytics, and ensuring pricing practices remain aligned with market and regulatory trends.

New Business Quotes and Product Development

• Support the pricing and modelling of new businesses, including quote reviews in Southeast Asia .
• Identify and understand clients' needs and concerns .
• Collaborate with cross-functional experts from Client Markets, Underwriting, and Claims to assess risks associated with specific opportunities .

Costing Methodology / Guidelines

• Review pricing guidelines and ensure correct application s.
• Challenge the status quo and seek to simplify and improve existing practices .
• Stay up to date with the market , regulatory requirements , and competitive trends .
• Work closely with the Pricing Insights team to provide market insights and risk signals for the development of the Terms of Trade (assumptions setting).

Product Development and Brand Presence

• Contribute technical, research, and project management input to product development initiatives
• Support the marketing of Swiss Re's services by working closely with clients and external partners

About You

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Economics or equivalent working towards as qualified actuaries in an accredited actuarial society
• 1–2 years of experience in life insurance or reinsurance pricing, ideally with exposure to Southeast Asia markets.
• Knowledge of the Southeast Asia market is highly preferred.
• Working knowledge of IFRS17 reporting is highly desirable.
• Strong technical and analytical skills, with experience in pricing tools and programming (e.g., Excel, R, Python).
• An effective communicator with the ability to explain technical concepts to non-actuarial stakeholders.
• Additional language skills (e.g., Thai, Vietnamese, Mandarin, Bahasa Malaysia/Indonesia) are desirable.
• Experience in medical reimbursement pricing is a plus.
• Willingness to travel within Southeast Asia (~10%).

About Swiss Re

Swiss Re is one of the world’s leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

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 and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

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