AVP, Pricing, Protection, Korea and Japan

Pacific Life; Singapore; Hybrid; SGD 300,000 - 600,000; Full time

Benefits offered by this job

23 days annual leave

Private medical insurance

Life insurance coverage

Wellness programs

Job summary

Pacific Life Re seeks an AVP, Pricing, Protection for Korea and Japan, with reporting to Asia Head of Pricing. The role heads the pricing team, signs off on pricing terms, and collaborates with Underwriting and Marketing to craft pricing strategies for clients in Asia.

Occasional travel and strong leadership are required to drive performance and client value. The ideal candidate has deep actuarial expertise, 15+ years in pricing, and a proven track record in reinsurance markets, with proficiency

Qualifications

• Minimum 15 years of actuarial experience.
• Reinsurance pricing experience with Korea and/or Japan is a plus.
• Qualified Actuary with strong leadership and communication.
• Deep knowledge of insurance/reinsurance market, regulations and products.
• Proficient in Excel, Access; programming languages e.g. SQL, VBA; Moses/GLM familiarity.

Responsibilities

• Lead on pricing of reinsurance terms for Korea and Japan with sign-off authority.
• Manage pricing team, develop pricing papers and client solutions.
• Collaborate with Underwriting and Marketing to deliver pricing strategies.
• Maintain client relationships and participate in industry activities.
• Oversee pricing tools, controls and model development; mentor staff.

Skills

Leadership

Communication

Pricing knowledge

Excel

SQL

VBA

Education

Actuary qualification

Tools

Access

Moses

GLM

SQL

Job description

Job Title

AVP, Pricing, Protection, Korea and Japan

(This role can be based in either Korea or Singapore)

Job Description

The Role

The role forms part of Asia Protection Pricing leadership team that is responsible for pricing risk business in Korea and Japan. Reporting to the Head of Pricing for Asia, the successful candidate will head the said market's pricing team in Pacific Life Re and have team management responsibility and sign off authority. The main responsibility of this role will be to lead on pricing of reinsurance terms in Korea and Japan, with strong leadership and market knowledge.

As a credible Protection expert, you will demonstrate your teamwork and collaborative skills working alongside our Underwriting and Marketing teams to deliver creative pricing solutions to our clients.

There will be a need to have regular direct client contact, especially with the risk management, product and pricing teams of new and existing clients. The role will therefore require occasional regional travel.

Duties

• Responsible for the timely and accurate delivery of pricing terms and product development solutions to clients involving high technical standards of experience analyses and the production of high quality pricing papers. Upon treaty win, support Corporate Actuarial in the smooth, timely implementation of treaties for Valuation purposes.
• Support the team in building and maintaining effective relationships with clients and promoting the Pacific Life Brand, leveraging technical knowledge for the benefit of our clients through client meetings, active participation in industry bodies and Asian Actuarial bodies, published and presentations at conferences and seminars.
• Participate in the development and maintenance of the Branch's pricing bases for Korea and/or Japan markets.
• Take on duties or projects as assigned. These can include being the pricing team lead for cross-functional projects or participating in projects within the Actuarial functions of Pricing, Corporate Actuarial, Research & Development.
• Responsible for the ongoing review of allocated open to new business protection treaties. The role holder will also have an awareness of the performance of all current protection accounts for your allocated countries within Asia.
• Contribute to the development of pricing tools and methodologies. Ensure they are technically sound, and their development and operation follows appropriate controls.
• Responsible for managing, coaching and developing all direct reports to achieve team and company goals and individual performance standards.

Qualifications & Experience

• Minimum 15 years of actuarial experience;
• Reinsurance pricing experience with in Korean and/or Japan would be an advantage
• Qualified Actuary
• Strong leadership skills
• Has deep knowledge of insurance and reinsurance market landscape, legislation, regulations, mortality and morbidity risks, distribution and products in general
• Excellent communication skills with business customers at all levels across the business
• Proficient in Excel, Access and has excellent knowledge of programming languages e.g. SQL, VBA. In addition familiarity with Moses and/or GLM tools is advantageous

Working For Pacific Life Re

Every person in our global team is valued for the unique qualities they bring to our business and we seek to build their expertise and support their individual ambitions at every step. Of course, we take our work seriously and we know our team can operate under great pressure. We work hard and thrive on achievement, but we also know how to have fun and relax too. We regularly host a range of team building days to strengthen our team's connection with each other and reflect on their successes.

Providing employees with a healthy work-life balance is very important to our culture. We have a wide range of employee benefits and we host regular social activities and well being initiatives. We are also committed to supporting our employee's involvement in their communities, by actively fundraising, hosting charity events and overseeing volunteering opportunities.

Benefits

Leave

• 23 days of annual leave with option to buy/sell more days
• Adoption and fertility leave
• Generous enhanced parental leave

Healthcare

• Comprehensive private insurance coverage for employee and dependents
• Group Term Life Insurance coverage of 5x basic annual salary, Group Accelerated CI of 1x annual basic salary and Group Accidental Death & Dismemberment of 3x annual basic salary
• Optical & Dental benefits
• Additional flexi benefits

Wellness

• Access to Employee Assistance Program
• Time off for volunteering
• Charitable matching of employee donations

You Can Be Who You Are

We are committed to a culture of diversity and inclusion that embraces the authenticity of all employees, partners and communities. We support all employees to thrive and achieve their fullest potential.

As part of our commitment to diversity and inclusion, we will provide reasonable adjustments during the recruitment process to ensure equal access to applicants with disabilities. Please contact us about your needs so that we can discuss these with you to make sure that suitable adjustments are made, where possible.

Pacific Life Re Values

Please click here to view our company values