Responsibilities:

• Lead / participate in the pricing process from beginning to end on assigned quotes. Actively contribute to the design of reinsurance treaty terms by carrying our pricing and risk analysis and providing actuarial recommendations based on these analysis results. Apply judgement to propose on pricing methodology to be applied and obtain agreement with Pricing Director / CPA where needed
• Build or amend pricing models (AXIS) for new business treaties or re-pricing exercises for in-force treaties in accordance with the standard pricing model template approved for **Regional. Any significant changes are to be agreed with Pricing Director / CPA. Work with the Director and CPA to ensure assumptions to be used are in line with current approved Pricing Bases. Design the approach and carry out appropriate experience studies and propose adjustments and new assumptions where needed
• Peer and technical review of pricing quotes lead by other pricing actuaries. Prepare pricing summaries, proposals and pricing memos, obtaining underwriting and claims summaries. Escalate / assist with the escalation and work with Regional Pricing to obtain approvals as necessary for assigned quotes
• Review treaty for consistency with pricing and proposal. Understand and act on new Corporate or Regional procedures and guidelines following discussion with Pricing Director / CPA
• Ensure proper filing (and backup) of all quotation files, pricing procedures and pricing bases with due respect to internal policies
• Lead / participate Pricing Basis development initiatives from beginning to end. Work with Pricing Director / CPA to determine scope of pricing basis with CPA. Assessment of various data sources for development of Pricing Basis. Analysis of data required for the derivation of Pricing Bases for each risk to be priced. Seek Underwriting, Claims and Medical subject matter expert opinions on these risks and factor in these insights in the assumption setting and risk parameterisation. Coordinate / Assist in the coordination with Regional to obtain Pricing Basis approval where needed
• Analysis of data required for the purpose of new product development. Undertake and manage the delivery of specific R & D projects as specified by Pricing Director / CPA, working with other functions where needed
• Maintenance of the ** Japan pricing model (AXIS) template to be used in all quotes. Ensure model compliance with ** best practice and guidelines. Design and development of new pricing models for any additional business in ** Japan
• Prepare management reports as requested. Participate in staff training as both trainer and trainee as occasion requires. Build and maintaining positive working relationships with ** Japan Business Development, Underwriting, Claims, Valuation, Finance, and Admin teams. Build and maintaining positive working relationships with clients where needed. Build and maintaining positive working relationships within ** across Asia, Regional and Corporate. Support for any special projects for Corporate, Regional and ** Japan
• Assist risk assessment of the biometric aspects of the financial solution business. Make recommendation for the assumptions to be reviewed and approved by Regional / Corporate office

Qualifications

• Bachelor’s Degree in Arts/Sciences (BA/BS) in Mathematics, Statistics, Actuarial Science or a related field required
• 5+ years life insurance experience
• Advanced Excel Skills. Experience with AXIS is an advantage
• Knowledge of Japanese life insurance products
• Familiarity with reinsurance or life insurance pricing is an advantage
• Fluency in Japanese language required
• English language skills (written and verbal) is a plus or being willing to learn on-job
• Ability to work independently with strong motivation and initiative
• Open, honest and a cooperative mindset; ability to effectively participate in, and help foster, a team-based work environment
• Logical approach to solve commercial problem with numerical analysis
• Ability to derive business implications from numerical analysis in the scope of functional responsibilities and communicate these to non-technical personnel
• Ability to communicate technical details and business implications in non-technical terms
• Completed Fellowship through IAJ or similar OR sufficient years of directly relevant pricing experience as to be considered as equivalent