Head of Pricing, Actuarial

Labuan Reinsurance (L) Ltd - Official Page; Kuala Lumpur; On-site; MYR 180,000 - 360,000; Full time

Job summary

Labuan Reinsurance (L) Ltd - Official Page in Kuala Lumpur seeks Head of Pricing (Actuarial) for General Reinsurance Underwriting. You will report to the Chief Underwriting Officer and oversee pricing research, experience studies, and pricing assumptions.

The role requires Fellow/Associate in Actuarial, 5+ years in General Insurance/Reinsurance in a managerial capacity, strong leadership and analytical skills, and the ability to drive market-informed pricing strategies and cross-functional

Qualifications

• Fellow or Associate in Actuarial qualification with minimum 5 years' experience in General Insurance / General Reinsurance industry in a managerial capacity.
• Strong knowledge about the industry including competitors and market trends.
• Keen eye for identifying opportunity.
• Strong analytical and research skills.
• Excellent verbal and written communication skills.
• Strong leadership, detail conscious and analysis skill.

Responsibilities

• Managing experience studies and assisting in deriving pricing assumptions for reinsurance business.
• Assisting in planning and managing team workflows in line with priorities.
• Supporting business units in handling reinsurance arrangements and queries including reinsurance inward and outward business on pricing.
• To work with Underwriting & Claims Department to perform competitor analysis on similar risks and services.
• To scope out opportunities based on market trends and industry conditions.
• To draft strategic pricing plans and processes to improve existing projects.
• To communicate findings effectively to relevant underwriters
• To work with the marketing team to define pricing structure for each reinsurance program.
• To address issues and concerns raised by team members relating to pricing suggestions.

Skills

Leadership

Analytical skills

Communication skills

Market awareness

Education

Fellow/Associate in Actuarial

Actuarial or Mathematics/Statistics degree

Job description

Based in Kuala Lumpur's Office, the Head of Pricing (Actuarial) for General Reinsurance Underwriting. The person will report to the Chief Underwriting Officer.

Responsibilities

• Managing experience studies and assisting in deriving pricing assumptions for reinsurance business.
• Assisting in planning and managing team workflows in line with priorities.
• Supporting business units in handling reinsurance arrangements and queries including reinsurance inward and outward business on pricing.
• To work with Underwriting & Claims Department to perform competitor analysis on similar risks and services.
• To scope out opportunities based on market trends and industry conditions.
• To draft strategic pricing plans and processes to improve existing projects.
• To communicate findings effectively to relevant underwriters
• To work with the marketing team to define pricing structure for each reinsurance program.
• To address issues and concerns raised by team members relating to pricing suggestions.

Qualifications

• Degree in Actuarial or Mathematics/Statistics with a Fellow or Associate in Actuarial qualification with minimum 5 years' experience working in General Insurance / General Reinsurance industry in a Managerial capacity.
• Strong knowledge about the industry including competitors and market trends.
• Keen eye for identifying opportunity.
• Strong analytical and research skills.
• Excellent verbal and written communication skills.
• Strong leadership, detail conscious and analysis skill.