Senior Pricing Actuary Centralised Pricing Team, Life & Health

Singapore, Singapore

Job Description


Company Description

PartnerRe is a leading, privately owned, multi-line global reinsurer with a reputation of financial stability and strength, and a commitment to rebuilding businesses and communities after risk events around the world.

Our mission is to continue to be a financially stable and predictable business partner, supporting our clients with solutions tailored to their needs, delivering superior returns to our owner, providing rewarding opportunities for our people and making a positive contribution to society. To achieve this, we live by our values of Integrity, Performance, Collaboration, Straightforward Communication and Respect and Care.

Core to The PartnerRe Experience is our global nature. No matter where you sit in the company, you are part of something bigger. Our teams represent our truly international mindset, forging connections across office locations and all levels of the organization and building a network of mutual success. The result is a day-to-day experience that will allow you to:

View to find out more about what it\xe2\x80\x99s like to work at PartnerRe.

We are always looking for bright, proactive individuals to join our team!

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PartnerRe is an equal opportunities employer.

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We are looking to hire a Senior Life & Health (re-)insurance professional in Singapore (Hong Kong is also an option) to join our Global Underwriting and Pricing team. This is a team that works closely with all regional pricing units and sits at the center of a growing Life & Health business with international responsibility for all lines of L&H business (excl. US health business).

The role provides the opportunity for exposure to a wide variety of products in diverse markets. Whilst the geographic focus will be in our Asia-Pacific markets, there is exposure to all markets in PartnerRe as we look to develop and promote underwriting best practices.

You will be expected to make a significant contribution to the enhancement of PartnerRe\xe2\x80\x99s L&H best practice underwriting processes/propositions to support the ambitious growth plans. You will play a pivotal role as a link between our Regional Unit, the centralised functions and PartnerRe L&H leadership.

As part of a global team you will be a key person in helping shape and grow the APAC L&H business, as well as oversee and improve the end-to-end underwriting of deals. This is a strategic priority for PartnerRe and provides an opportunity to be at the heart of the action. In more detail your responsibilities will include:

  • Developing a high profile within the business and establishing regular contact with key stakeholders and decision makers
  • Close collaboration with the Asia regional unit and other global experts on the pricing and development of new products
  • Build strong rapport, trust and credibility with the Asia regional unit, being able to provide advice on pricing issues, while maintaining an independent and objective opinion
  • Challenging the underwriting of risk within the regional pricing units in order to encourage better decision making
  • Promoting PartnerRe\xe2\x80\x99s expertise through targeted marketing efforts, supporting client visits and externally representing and promoting PartnerRe\'s capabilities
  • Ensuring the consistency of PartnerRe pricing methodologies, group level assumptions and standards
  • Reviewing complex and unusual deals, providing an opinion on whether we are suitably rewarded for the risk
  • Sharing of best practice for pricing and product development across the regions
  • Supporting/driving research and development to enhance the pricing and underwriting infrastructure
  • Working on other ad-hoc projects as required
By working closely with the Chief Pricing Actuary and other team members, you will be part of a centralised team of experienced industry professionals seen as adding value and ensuring the L&H business grows in a profitable and controlled way.

Qualifications

You are a qualified Senior Pricing Actuary with at least 8 years of L&H (re-)insurance underwriting or pricing experience with a proven track record in long term protection and/or short term group.

You have the skill, competence and mindset to enable you to add value in areas outside your immediate area of expertise, and a deep knowledge of L&H products, distribution and/or reinsurance structures.

As a technically excellent individual you will have the ability to be pragmatic and demonstrate commercial sense, you have the desire to experience new and challenging areas. Moreover, you are fully proficient in English (verbal and written).

As the main contact point between the local pricing team and the centralized pricing team, you will build rapport and credibility with the local pricing team, acting as a sounding board for pricing issues, while maintaining an objective and independent opinion on deals.

You enjoy collaborating with your colleagues as well as working on your own. Your preference is to be part of an international and multicultural environment, handling diverse tasks, yet always ready to serve the team and meet the business needs.

In addition, you ideally have/are:
  • experience in the APAC region, and other international markets
  • recognized expert in the underwriting, pricing and/or risk assessment of L&H products
  • a strong understanding of the factors that influence profitability
  • In the review of deals, to be able to see the big picture and identify key risks and any other special pricing or commercial considerations, while having a good sense of whether the pricing results look reasonable
  • the ability to advise on underwriting of deals where there is limited data available or new underlying risks
  • experience of Financial Solutions and actuarial projections systems (e.g. AXIS)
Additional Information

We can offer you an international environment, where you will be challenged, can learn from other senior specialists and are exposed to multiple lines of our business in a wide range of countries. A structure which fosters empowerment and collaboration with various stakeholders.

In our agile team, your impact really makes a difference and our structure fosters empowerment and collaboration with various partners. As a growing business you will have the opportunity to help shape our team and be an integral part of our success.

PartnerRe provides a working environment in which diversity is valued, where all employees feel welcome, respected, and empowered to perform at their best. We invite you to about D&I at PartnerRe.

Thank you,

PartnerRe Hiring Team

PartnerRe

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Job Detail

  • Job Id
    JD1281035
  • Industry
    Not mentioned
  • Total Positions
    1
  • Job Type:
    Full Time
  • Salary:
    $226599 per year
  • Employment Status
    Permanent
  • Job Location
    Singapore, Singapore
  • Education
    Not mentioned