Senior Actuarial Analyst

Responsibilities

• Develop insurance product costing model for each line of business.
• Improve pricing accuracy and minimize cross-subsidization in order to achieve the target loss ratio.
• Ensure premium is sufficiently charged and remains competitive to enable a sustainable portfolio growth.
• Identify business opportunity and constantly enhance Underwriting rules.
• Optimize renewal pricing to improve the renewal experience.
• Keep abreast of latest pricing analysis methods/ knowledge and industry trends.

Job Duties

• Undertake regular pricing reviews (split by segments and rating factors) to suggest rate changes

• Carry out the testing and deployment process for RADAR premium models

• Build and maintain risk models (e.g. claim frequency and severity)

• Build and maintain customer behavior models (e.g. conversion and retention)

• Undertake analysis to quantify the effects of adding (or removing) rating factors

• Support quantitative requests from other departments (e.g. marketing)

• Support development of new products

• Propose changes to the testing and deployment process for RADAR premium models

Requirements

• Bachelor’s degree in a mathematical, actuarial, or other numerate subject

• Communicates confidently in English in a business environment

• At least 3 years’ relevant work experience

• Works logically and independently to break down and solve problems

• Wants to learn new skills and will take on tasks that are outside of the job description