Business Acquisition & Development Actuarial Consultant

Hannover Re; Malaysia; On-site; MYR 120,000 - 180,000; Full time

Job summary

Hannover Re in Malaysia seeks a Business Development Actuary to join the Life & Health team. The role covers marketing, product and pricing inquiries, quotation sign-off, treaty preparation and compliance, and in-force portfolio management.

Be responsible for accurate actuarial analyses and pricing insights to support client decisions. The ideal candidate holds a Bachelor’s degree in actuarial or related field with 5+ years in insurance/reinsurance, strong English skills, and knowledge of Thai

Qualifications

• Bachelor’s degree in actuarial or related field is required.
• Minimum of 5 years of experience in insurance/reinsurance.
• Proficiency in English; knowledge of Thai is advantageous.
• Strong actuarial skills and data analysis abilities.
• Proactive and collaborative with ethical standards.

Responsibilities

• Lead marketing, product and pricing discussions with clients and prospects.
• Prepare quotations, treaties, and ensure compliance and sign-off.
• Support reinsurance accounts, portfolio management and performance reviews.
• Perform actuarial and statistical analyses to inform pricing decisions.
• Develop pricing insights and leverage data with internal partners.

Skills

Actuarial concepts

Communication skills

Team collaboration

English proficiency

Thai language advantage

Education

Bachelor’s degree in actuarial or related field

Job description

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Business Acquisition & Development Actuarial Consultant

Reference Number: 3252

Contract Type: Regular

Working Time: Full-Time

Hannover Re – as one of the world’s leading reinsurers, we provide coverage for the risks of yesterday, today and tomorrow. Our strength? Connecting Power: Within our global team of around 4,000 colleagues, we bring together knowledge, perspectives and a strong sense of responsibility. We rely on one another, challenge ourselves and continuously develop both our services and our products. Whether working with risk calculation models, developing digital tools or creating pragmatic solutions for our clients: here, you can contribute your expertise and actively shape what comes next.Sounds good? Get to know us as a reliable employer and find your place with us.

We are currently hiring a Business Development Actuary to join the Life & Health team in Malaysian Branch. This role is responsible for all marketing, product and pricing related enquiries in driving sustainable business development. Ensure quotation sign off, treaty preparation and signoff for compliance. Ensure timely and accurate reinsurance accounts. Be responsible for in-force portfolio management/business performance review / best estimate assumption analysis.

You can look forward to

Marketing, Product and Pricing:

• Assist in analysing and assessing the client needs and expectations in order to customise reinsurance solution that meets the objective.
• Support product, pricing and services development by communicating, and negotiating reinsurance conditions with the clients and prospects in compliance with internal guidelines and regulations with appropriate documentation and sign off procedures.
• Assist in ensuring proper documentation by maintaining up to date records of all reinsurance marketing, product and pricing including, but not limited to signed quotation documents, client correspondences and opportunities tracking.
• Ensure timely and proper handling of general clients’ queries on reinsurance solutions related issues.
• Be the key responsible person for the entire quotation process and introduce process enhancement or automation whichever is relevant.
• Build and leverage existing and new data/information sources and partnerships to provide pricing/valuation value in accordance with data standards and procedures.
• Assist in communicating the findings of our analysis to corporate clients, to cross-sell or grow new business and leverage HRMB’s position.
• Build and leverage existing and new data/information sources to provide insights for risk and client management perspective
• To assist in the implementation of regular and accurate actuarial and statistical analysis

Treaty Administration:

• Ensure reinsurance agreements (treaties and addendums) are properly in place including agreements preparation, communication with clients, official signoff, documentation and tracking.
• Provide administration support on treaties, actuarial calculation bases and system related issues
• Support technical accounting team to deliver necessary communications to reinsurance administration staff of client companies or to improve data quality and quantity for appropriate analysis.
• Support in the initiatives of monitoring the administration internally and from clients for significant weaknesses in processes, judgment or errors and take action to correct such weaknesses for continuous improvement and regulatory compliance.

Business Performance Review:

• Support in interacting with Valuation team for actuarial analysis, budget plan, forecast, SII PVFP, to keep improving annual results, forecast and budget process,
• Conduct experience analysis exercises, pricing reviews, product conditions reviews and provide recommendations for revised terms for existing treaties in accordance with internal guidelines and with appropriate documentation and sign off procedures to ensure adequate feedback through an effective control cycle.
• Maintain up to date records of all business performance review including, but not limited to the detailed analysis, findings client correspondences.
• Assist in enforcing proper risk management and portfolio review by setting up risk management indicators and to monitor actual and ultimate portfolio profitability. Support all risk management, capital and actuarial issues affecting the business aspects.
• Support the development and execution of the in-force management framework, including performing detailed analyses and RFCA repricing for identified treaties in line with outlined standards and required levels of scrutiny.

You come equipped with

• Bachelor’s degree in actuarial or a related field
• Minimum of 5 yearsof experience in the insurance and reinsurance industry.
• Proficiency in spoken and written Thai is an advantage.
• Strong technical actuarial skills with solid understanding of relevant methodologies and tools.
• Innovative and proactive, with strong initiative to drive improvements.
• Flexible and adaptable in a dynamic and fast-paced environment.
• Team-oriented, demonstrating strong collaboration and partnership across functions.
• Professional and reliable, maintaining high standards of integrity and work ethics.
• Excellent communication skills, both written and verbal.
• Strong problem-solving and analytical abilities with keen attention to detail.
• Good command of the English language, both spoken and written.

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