Actuarial Analyst (P&C)

Job Purpose

• Carry out actuarial tasks related to premium calculation in automobile insurance.
• Apply actuarial techniques to various analyses in automobile insurance to contribute to the expansion of sales, profitability, and target achievement.
• Collaborate with other team members to enhance the skills and knowledge related to actuarial tasks in the automotive actuarial department.

Responsibilities

1. Premium Calculation Tasks

• Support various analyses, simulations, and explanations of results for determining automobile insurance premium rates.

2. Analytical Tasks

• Conduct regular analyses and continuously engage in the product design and rate verification processes.
• Carry out detailed individual analyses as required and provide the results to relevant departments to support product design, underwriting rule formulation, and various policy processes.
• Work with the business analytics team and underwriting team to monitor insurance risk factors and support portfolio management.

3. Regulatory-Related Tasks

• Closely collaborate with the regulatory application team to support the preparation of actuarial-related application documents and negotiations with the Financial Services Agency.

4. Financial Tasks

• Work closely with the product team to support the planning of profitability and growth targets for automobile insurance and monitor progress.
• Verify the presence or absence of changes in accounting practices and their impacts.

5. Skills Development

• Continuously acquire new techniques and the latest knowledge to improve the skills of oneself and team members.
• Stay informed about actuarial practices outside of automobile insurance to apply them to automotive actuarial tasks.
• Commit earnestly to self-improvement and deliver results.

Key Relationships

Internal Relationships

• Other sections within the Product Actuarial Department
• All sections within the Automobile Insurance Department
• Accounting and Finance departments
• Other departments related to automobile insurance
• Automobile insurance actuaries in other countries

External Relationships

• Japan Society of Actuaries, Financial Services Agency, and industry groups

Required Skills & Experience

Educational Background

• Bachelor’s degree or equivalent (preferably in a scientific or mathematical field, but not required).

Skills/Knowledge/Abilities/Certifications/Licenses

Certifications

• Preferably has passed some subjects of the Japan Society of Actuaries exams or is willing to pursue them.

Skills

• Analytical and quantitative skills (experience with various analytical software is desirable).

Personality/Disposition

• Enjoys working with data (numbers) and programming.
• Highly proactive in taking on tasks.
• Demonstrates strong cooperation with other members.
• Open to adopting innovative and practical approaches.
• Exhibits a strong sense of responsibility, taking the initiative to complete assigned tasks.
• Has a strong desire for self-improvement and is committed to self-development.
• Comfortable with English.

Work Experience

• Experience in actuarial science or a related field is desirable.
• Experience in data analysis is desirable.

Grade will be determined based on experience, certifications, and skills.