Actuarial Role - Pricing - Reinsurance

Role Requirements

- Provide actuarial and financial modelling consulting services to clients and colleagues

- Model the probability distributions of the gross/ceded/net underwriting results of an insurance company client

- Work with the catastrophe modelling team to understand natural peril drivers of clients' financial performance and the influence of natural perils on primary pricing - Support the renewal process through reinsurance pricing analysis and support of the broking team in negotiations with reinsurers.

- Analyze how the distribution of results and relevant risk measures changes as a result of applications on various proposed reinsurance alternatives

- Utilize cost/benefit analysis to advise brokers and clients optimal reinsurance programs based on risk tolerance level

- Respond to client queries and concerns, resolving issues promptly and monitoring market trends, actuarial related development, and client changes jointly with the Client Manager;

- Provide technical training to clients and colleagues, and stay well informed on regulatory developments in the region

- Using intensive actuarial, insurance and products training to structure, negotiate and assist in selling reinsurance arrangements that optimize economic value for insurers/clients based on products' best estimate assumptions;

- Ability to work in conjunction with Global team on actuarial reserving tools, applying the various actuarial reserving methods for arriving at exposure risk analysis for insurance company's.

- Client management and consistent deliverability of Company offerings with a focus on servicing current relationship and expanding the opportunities in the existing base in addition to new clients.

Technical Skills

- Progress towards professional actuarial qualification, e.g. FCAS, FIAA, or FIA

General Skills

- Excellent communication, presentation and project management skills

- Strong ability to handle significant workflow through efficient time management - Strong ability to identify and solve potential problems in their specialty and develop creative solutions

- Understanding of the product lines, and the global and regional industry conditions to identify significant considerations that insurers should address in designing their programs

- Well-versed in Microsoft Office software and programming languages, e.g. R-Studio, Python , Alteryx

- Ability to work autonomously

Preferred candidate profile

- 6-9 years commercial experience, reinsurance or primary pricing experience preferred

Education/ Qualification

- Bachelor's degree in Actuarial Science or related quantitative field such as Mathematics or Statistics