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Pricing Actuary

Employer
Swiss Re
Location
Seoul, South Korea
Salary
Competitive
Closing date
Nov 19, 2024
View more categoriesView less categories
Job Function
Accounting/Audit/Tax
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About the Role

Job Summary
  • Conduct pricing of reinsurance business to be written by the Korea office in accordance with the internal guidelines.
  • Develop new business pipelines, including generation of financial solutions, through close cooperation with valuation, accounting, risk management and other units.
  • Provide sound advice to support the sustainable growth of the business.

Detailed Job Functions (including local functions)
  • Analyze economical value as well as product features to execute each quotation.
  • Maintain best estimate assumptions, i.e. detailed standard terms on which business can be written, for all major lines of business, and apply regular experience study outcomes to update the basis of these terms.
  • Develop new business opportunities through delivery of new financial solutions.
  • Maintain strong relationship with clients including liaison on financial topics and delivery of presentations to share accounting (IFRS, US-GAAP etc) knowledge.

About the Team

As part of L&H Korea Team, the successful candidate will both an individual and team contributor. The L&H pricing team of Korea currently consists of 4 professionals. The team works closely with client managers, underwriting and claims team to support the business development. As part of Swiss Re's Own the Way You Work policy you are empowered to manage your own work patterns. The team engages in a vibrant cross-functional team environment within the broader Swiss Re, offering abundant opportunities to expand your expertise and role .

About You

Interpersonal and Business skills
  • Qualified actuary or close to qualified actuary.
  • 5-7 years' experience in actuarial modelling, pricing or valuation in Korea.
  • Good knowledge about products, accounting analysis in the market.
  • Experience of using and applying actuarial pricing tools and data analysis tools.
  • Fundamental understanding about the insurance industry and the regulatory regime.

Soft Skills
  • Good interpersonal and influencing skills.
  • Good command of English language.
  • Well organized and able to manage projects effectively.
  • Good team player.
  • Independent.

About Swiss Re

Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world.

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 regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability.

If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience.

Keywords:
Reference Code: 131596

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