- Perform pricing, modeling, risk analysis, structuring, and other activities related to specific new business development opportunities for the Global l Solutions business unit.
- Work with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
- Document and communicate risk analysis of transactions.
Responsibilities
- Perform the pricing, modeling, risk analysis, and structuring activities on new or proposed transactions, or amendments to existing transactions, for the Global Financial Solutions business unit in a timely manner consistent with applicable standards as it relates to ** business in Asia.
- Assess and analyze risk exposure in potential transactions and prepare documentation of these risks in detailed risk analysis reports.
- Review and provide feedback, in a timely manner, the work – including data, assumptions, modelling, sensitivity testing and documentation – of other actuaries as appropriate across all ** business lines and specifically on projects in the relevant area of responsibility.
- Work with the marketing staff to determine client needs and objectives, understand and analyze client information, and design terms and structures of transactions to meet those needs and objectives.
- Maintain and develop the companies pricing function and ensure appropriate procedures and processes are followed within the team.
- Participate and, where needed, lead ad-hoc department projects as needed.
- Assist risk management and operations personnel with monitoring experience of in-force treaties.
- Mentor and coach junior members of the team to assume increasing levels of responsibility.
- Perform other duties as assigned.
Required Qualifications and Attributes:
- Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field
- FIA, FSA, FIAJ or Equivalent Certification
- 8+ years of actuarial experience in Life Insurance/Reinsurance experience
- Demonstrated deep knowledge of life insurance, health insurance, third sector, longevity, and/or annuity products
- Ability to take ownership in projects and drive them to completion
- Experience with actuarial modeling software
- Advanced oral and written communication skills, demonstrating the ability to convey business terminology that is meaningful and well received
- Advanced investigative, analytical and problem solving skills
- Ability to balance detail with departmental goals/objectives
- Skills in customer relationship management and change management
- Strong ability to translate business needs and problems into viable/accepted solutions
- Strong ability to manage multiple projects and/or teams simultaneously
- Advanced ability to liaise with individuals across a wide variety of operational, functional, and technical disciplines
- Advanced persuasion and negotiation skills when working with internal/external customers
- Mentoring and coaching skills
Preferred Qualifications and Attributes:
- Advanced quantitative degree or designation
- Reinsurance industry experience
- Product design / pricing experience OR ALM / risk management experience (requirements vary with job level)
- Financial reinsurance, asset-intensive, or longevity pricing experience
- Knowledge of key financial reporting, accounting, and solvency regimes, including (but not limited to): US GAAP (including FAS 97, FAS 91, FAS 133, FAS 157, and SOP 03-1), US Statutory, and US tax; IFRS; MCEV / EV / EEV; and Solvency II.
- Ability to model various insurance products and reinsurance structures.
- Knowledge of life insurance, health insurance, longevity, and/or annuity products
- PC and technical skills including (but not limited to): spreadsheets (VBA), database applications (Access, Oracle, SQL or equivalent technology), statistical programs, and one or more computing languages (ex: C/C++)
- Expertise in MoSes, TAS10, TAS9.5, and/or AXIS
- Ability to challenge and enhance our analytical capabilities
- Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches