Full Time Senior Pricing Actuarial Analyst (General ReInsurance) Jobs, in Labuan Reinsurance (L) Ltd - Official Page Federal Territory - Maukerja

Candidates are advised to read the job functions and job requirements to ensure you can fit into the role.

Labuan Reinsurance is one of the established local reinsurance with long history and focuses on international reinsurance businesses. At Labuan Re, you can accelerate your career faster with training and exposing directly to foreign business partners. As Senior Pricing Actuarial Analyst for the Underwriting Department which is a niche career in the reinsurance market, your role will be:

JOB DESCRIPTION

• Assist the underwriter on new product pricing for General Insurance portfolio in a Reinsurance capacity.
• Assist the underwriter in pricing reviews for treaty and facultative contracts (non standard and onerous contracts).
• Review the existing pricing tool, and develop new pricing tools.
• Conduct pricing for ad-hoc quotations received from intermediaries or clients.
• Review suitability of pricing and conduct profitability analysis that include determining Classification Rate-making, Excess, Deductible, and Individual risk rating, Catastrophic and reinsurance pricing.
• Data extraction, transformation and assist in Research

Product Management

• Prepare dashboards and portfolios analyses for the underwriters and occasionally the Management Committee.
• Understand the basic terminologies in an insurance and reinsurance contract.
• Understand the features of reinsurance treaties.
• Understand the fundamentals and features of the class of businesses underwritten

MFRS 17 (ad hoc)

Assist in the data preparation of pricing-related information such as estimated premium income and pricing loss ratios for the required input template of MFRS 17 software.

JOB REQUIREMENTS

• Bachelor’s degree in Actuarial Science, and/or professional qualification in Actuarial.
• Minimum 3 years relevant Pricing experience in the General Insurance industry.
• Experience with Microsoft tool suite, such as Excel (and Macro), Word. Programming language, eg. R studio.
• Self-starter and work independently on projects, tasks, and learning.
• Positive attitude.