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Director, Pricing, Global Financial Solutions
Reinsurance Group of America
Singapore, , Singapore
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Position Overview
Performs pricing, modeling, risk analysis, structuring, and other activities related to specific new business development opportunities for the Global Financial Solutions business unit.
Works with the marketing staff to determine client needs and objectives, understand and analyse client information, and design terms and structures of transactions to meet those needs and objectives.
Documents risk exposure in potential 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 GFS 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 GFS 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.
Requirements
Education and Experience
Required:
• Bachelor's degree in Math, Finance, Statistics, Actuarial Science, Computer Science or related field.
• FIA, FSA or Equivalent Certification.
• 7+ years of actuarial experience in Life Insurance/Reinsurance.
Preferred:
• Advanced quantitative degree or designation.
• Reinsurance industry experience.
• Product design / pricing experience OR ALM / risk management experience.
• Financial reinsurance, asset-intensive, or longevity pricing experience.
Skills and Abilities
Required:
• Demonstrated knowledge of life insurance, health insurance, 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 and change management.
• Advanced ability to translate business needs and problems into viable solutions.
• Advanced ability to manage multiple projects and 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.
Preferred:
• Knowledge of key financial reporting, accounting, and solvency regimes, including US GAAP, 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 spreadsheets (VBA), database applications (Access, Oracle, SQL), statistical programs, and one or more computing languages (C/C++)
• Expertise in MoSes, TAS10, TAS9.5, AXIS.
• Ability to challenge and enhance our analytical capabilities.
• Understanding of asset modeling and ALM techniques, including derivatives, and capital markets approaches.