Pricing Director (Korea and Japan) from a Reinsurer (Singapore or Korea)
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 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.
Responsibilities
1. 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. (45%)
2. Support the team in building and maintaining effective relationships with clients and promoting the company 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. (10%)
3. Participate in the development and maintenance of the Branch’s pricing bases for Korea and/or Japan markets. (10%)
4. 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. (10%)
5. 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. (5%)
6. Contribute to the development of pricing tools and methodologies. Ensure they are technically sound, and their development and operation follows appropriate controls. (5%)
7. Responsible for managing, coaching and developing all direct reports to achieve team and company goals and individual performance standards. (15%)
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