Senior Pricing Actuary

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.

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Job Description

About This Job:

We are looking to hire a Life and Health Senior Pricing Actuary to join our growing team in Hong Kong, reporting to the Head of Pricing, ANZ, Korea and group business. In this role you will be responsible for the pricing of life reinsurance treaties and support the product development primarily for the Korean market.

About The Team:

The regional pricing team is responsible for the pricing of Life & Health business written in the Asia Pacific region.  Across these markets we write group and individual protection business, both in short and in long-term lines.

About The Role:

The role provides the opportunity for exposure to a wide variety of products. You will be expected to make a significant contribution to the development of our pricing team and the wider enhancement of PartnerRe’s Life & Health propositions. 

You will be responsible for performing actuarial pricing exercises and supporting the deal underwriter in preparing responses to tenders. This typically involves carrying out actuarial analyses, proposing and owning assumptions, and providing technical expertise.

In detail your responsibilities will include:

• Performing and documenting the pricing of quotes across responsible markets while ensuring compliance to internal standards, thorough risk assessment and application of best practice
• Developing, enhancing and maintaining pricing benchmarks, tools and efficient methods of carrying out existing processes
• Contributing to the development of market specific reinsurance solutions and products  
• Collaborating with a cross-functional team of professionals from client markets and underwriting towards assessing the risks associated with a particular opportunity and ensure the sustainability of the business written.

Qualifications

About You:

You are looking to accelerate the development of your actuarial career. You have the ability and courage to constructively challenge business propositions whilst being business minded and solution oriented.  The ideal candidate will be an excellent communicator, capable of explaining complex technical issues in a simple way. 

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.

You have the following background, skills and mindset: 

• Qualified Life Actuary (FIA or equivalent) with over 8 years of experience in (re)insurance pricing in the Asian life insurance market. Strong technical insight on key lines of business in the Korea market.
• Fluent English speaker with Korean language skills is highly desirable.
• Entrepreneurial mindset to contribute to PartnerRe’s growth in the region, including the ability to build infrastructure, processes and insights with limited existing data in certain segments.
• Excellent and effective communication skills, including the ability to distil complex technical issues into clear and concise key points
• Self-motivated, holds oneself accountable and takes ownership for problem resolution, able to prioritize under pressure of competing deadlines
• Ability to analyse big data sets, identify key insights and provide recommendations.
• Proficiency in programming languages and actuarial software (R / Python / Axis / Prophet / SQL) is advantageous

Additional Information

#Li-Hybrid

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 learn more about D&I at PartnerRe.

Thank You,

Partnerre Hiring Team