Job Summary
SompoRe seeks a Pricing Actuary for its Singapore reinsurance office to price treaty reinsurance business across multiple lines, collaborating closely with underwriting teams to support decision-making and ensure accurate, risk-reflective pricing.
Responsibilities
Price Property, Casualty, and Specialty reinsurance treaties in the APAC region.
Collaborate with our underwriters to analyze exposure and market dynamics for informed pricing decisions.
Communicate key pricing factors clearly during underwriting roundtable discussions.
Prepare comprehensive pricing documentation adhering to industry best practices and internal standards.
Calibrate actuarial model assumptions and parameters, such as trends, rate changes, and exposure curves, to reflect current market conditions.
Support internal audits, validation, and review processes as needed.
Guide interns on reinsurance fundamentals and pricing methodologies to build team capability.
Execute ad hoc projects as assigned to address emerging business needs.
Required competencies and certifications
Strong mathematical or statistical background: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or related fields.
Fellow or Associate status with a recognized actuarial society, or actively progressing toward it.
Minimum of 3 years’ experience in APAC reinsurance pricing.
Preferred competencies and qualifications
Strong verbal and written communication skills, ability to translate technical concepts into accessible language and willingness to engage constructively with other teams.
Demonstrated sound professional judgment and high attention to detail with a proactive approach to continuous improvement.
High proficiency in Microsoft Excel. Programming skills is an advantage.
Effective workflow management and ability to meet deadlines consistently.
Other Information
SompoRe is the global reinsurance division of Sompo, a leading property and casualty insurance group in Japan. As a leading global provider of reinsurance, we recognize that our success is derived directly from our people. At SompoRe, a shared commitment to integrity, teamwork, agility, execution and excellence define our culture, and we strive to create exceptional value for our clients and shareholders and maintain SompoRe as a desirable place to work.