Associate Pricing Actuary

About The Role

As Associate Pricing Actuary, you will be responsible for helping senior team members analyze the profitability of the assigned line of business. You will help identify drivers to portfolio performance and develop strategies to mitigate gaps between what has been costed and actual performance.

You will work with senior team members and stakeholders in Underwriting, Reserving, Claims, and Finance to build a 360° view of the portfolio with an independent Actuarial Pricing opinion on the portfolio's expected performance.

You must be willing to learn and use actuarial methods and data science techniques to develop insights on trends to set costing parameters, helping improve the predictability and accuracy of costing models. You will have a direct impact on steering the profitability of your portfolio and ultimately the overall Business Unit's performance.

About The Team

The Actuarial Portfolio Management APAC team comprises a mix of expert members entrenched in their dedicated product specialization and highly motivated newer members who thrive in a dynamic and fast-learning environment. This team reports to the Chief Underwriting Officer and is part of the Global Actuarial Portfolio Management unit.

Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally.

Main Responsibilities

Profitability Studies

• Work with senior team members to build a clear and independent view on current pricing or loss adequacy driven by data analysis.
• Translate details into impactful Executive reports along with effective visualizations and recommendations.

Costing Accuracy and Data Analytics

• Help senior team members translate profitability findings into corrective actions on costing models and parameters, involving:
  • Developing and maintaining costing parameters and tools.
  • Modeling and pricing deal transactions.
• Willing to learn and use actuarial and data science techniques to develop insights and trends for risk selection or differentiation and costing improvements.

About You

Professional Experience

• A minimum of 2 years of experience in P&C commercial insurance. Knowledge of Property and Specialty insurance products is an advantage.
• Experience in insurance pricing, portfolio profitability analysis, and costing model and tool development.
• Familiarity with costing techniques and comparison of costing vs reserving views and techniques.

Technical Skills

• Highly developed numerical and analytical skills, with the ability to translate quantitative work into effective visualizations.
• Applied these skills using real business data to develop insights and practical solutions.
• Good understanding of actuarial methods, models, and related business processes.
• Statistical programming skills (e.g., R, Python). Knowledge of data science techniques is an advantage.
• Ability to build assumptions, methods, and conclusions with a focus on evaluating accuracy and uncertainty in models.

Personal Skills

• Keen to learn and apply advanced actuarial methods and data science techniques.
• Motivated to deliver high-quality results on time.
• Effective communicator, comfortable presenting work to senior team members and leaders.
• Collaborative team player, demonstrating openness and intercultural competence.

Educational Level

• Master's degree in mathematics, statistics, economics, or equivalent quantitative/statistical fields.