Pricing Actuary - Life

PartnerRe Ltd.; Singapore; On-site; SGD 180,000 - 240,000; Full time

Job summary

A global reinsurer in Singapore is seeking a Life and Health Pricing Actuary to manage the pricing of life reinsurance treaties. The ideal candidate will have approximately 6 years of experience in life insurance, preferably in pricing/data analytics, and must be nearly or fully qualified as a Life Actuary. Responsibilities include performing pricing exercises, collaborating with teams, and ensuring compliance with internal standards. This role offers a hybrid working model in a diverse environment.

Qualifications

• Around 6 years of experience in life (re)insurance, preferably in pricing/data analytics.
• Recently or nearly qualified as a Life Actuary.
• Ability to communicate complex technical issues effectively.

Responsibilities

• Perform actuarial pricing exercises and assist the deal underwriter.
• Document pricing of quotes while ensuring compliance with standards.
• Collaborate with cross-functional teams to assess risks.
• Develop and maintain pricing benchmarks, tools and efficient processes.

Skills

Big data analysis

Critical Illness pricing

Proficiency in R/Python/Axis/Prophet

Excellent communication skills

Self-motivated and accountable

Education

Qualified Life Actuary (FIA or equivalent)

Tools

R

Python

Axis

Prophet

Job description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience allow you to:

We are always looking for bright, proactive individuals to join our team!

PartnerRe is an equal opportunities employer.

We are looking to hire a Life and Health Pricing Actuary to join our growing team in either Singapore or Hong Kong, reporting to the Head of Pricing, Greater China and Southeast Asia. In this role you will be responsible for the pricing of life reinsurance treaties and support the product development primarily for Greater China and Southeast Asia.

Your role

You will be responsible for performing actuarial pricing exercises and supporting the deal underwriter in preparing responses to tenders. This typically involves carrying out actuarial analyses, proposing and owning assumptions, and providing technical expertise.

In detail your responsibilities will include:

• Performing and documenting the pricing of quotes across responsible markets while ensuring compliance to internal standards, thorough risk assessment and application of best practice
• Performing peer review on quotations to ensure accuracy of financial results
• Collaborating with a cross-functional team of professionals from client markets and underwriting towards assessing the risks associated with a particular opportunity and ensure the sustainability of the business written
• Contributing to the development of market specific reinsurance solutions and products
• Developing, enhancing and maintaining pricing benchmarks, tools and efficient methods of carrying out existing processes.

Your profile

You bring around 6 years of experience in life (re)insurance (preferably in pricing/data analytics) and recently /nearly qualified Life Actuary (FIA or equivalent). Furthermore, your profile is surrounded by the following skills and knowledge:

• Ability to analyse big data sets, identify key insights and provide recommendations. Critical Illness pricing experience is a plus
• Proficiency in programming languages and actuarial software (R/Python/Axis/Prophet) is advantageous
• Excellent communication skills, including the ability to communicate complex technical issues in an effective way
• Self-motivated, holds oneself accountable and takes ownership for problem resolution, able to prioritize under pressure of competing deadlines

Additional Information

#LI-Hybrid:

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to learn more about D&I at PartnerRe.