Business Acquisition & Development Actuarial Consultant

You can look forward to

Marketing, Product and Pricing:

• Assist in analysing and assessing the client needs and expectations in order to customise reinsurance solution that meets the objective.
• Support product, pricing and services development by communicating, and negotiating reinsurance conditions with the clients and prospects in compliance with internal guidelines and regulations with appropriate documentation and sign off procedures.
• Assist in ensuring proper documentation by maintaining up to date records of all reinsurance marketing, product and pricing including, but not limited to signed quotation documents, client correspondences and opportunities tracking.
• Ensure timely and proper handling of general clients’ queries on reinsurance solutions related issues.
• Be the key responsible person for the entire quotation process and introduce process enhancement or automation whichever is relevant.
• Build and leverage existing and new data/information sources and partnerships to provide pricing/valuation value in accordance with data standards and procedures.
• Assist in communicating the findings of our surveys/analysis to corporate clients, to cross-sell or grow new business and leverage HRMB’s position.
• Build and leverage existing and new data/information sources to provide insights for risk and client management perspective

Treaty Administration:

• Ensure reinsurance agreements (treaties and addendums) are properly in place including agreements preparation, communication with clients, official signoff, documentation and tracking.
• Provide administration support on treaties, actuarial calculation bases and system related issues in accordance with treaty administration guidelines,
• Support technical accounting team to deliver necessary communications to reinsurance administration staff of client companies or to improve data quality and quantity for appropriate analysis.
• Support in the initiatives of monitoring the administration internally and from clients for significant weaknesses in processes, judgment or errors and take action to correct such weaknesses for continuous improvement and regulatory compliance.

Business Performance Review:

• Support in interacting with Valuation team for actuarial analysis, budget plan, forecast, SII PVFP, to keep improving annual results, forecast and budget process,
• Conduct experience analysis exercises, pricing reviews, product conditions reviews and provide recommendations for revised terms for existing treaties in accordance with internal guidelines and with appropriate documentation and sign off procedures to ensure adequate feedback through an effective control cycle.
• Maintain up to date records of all business performance review including, but not limited to the detailed analysis, findings client correspondences.
• Assist in enforcing proper risk management and portfolio review by setting up risk management indicators and to monitor actual and ultimate portfolio profitability. Support all risk management, capital and actuarial issues affecting the business aspects.
• Support the development and execution of the in-force management framework, including performing detailed analyses and RFCA repricing for identified treaties in line with outlined standards and required levels of scrutiny.

You come equipped with

• Bachelor’s degree in actuarial or a related field
• Minimum of 3 years of experience in the insurance and reinsurance industry.
• Strong technical actuarial skills with solid understanding of relevant methodologies and tools.
• Innovative and proactive, with strong initiative to drive improvements.
• Flexible and adaptable in a dynamic and fast-paced environment.
• Team-oriented, demonstrating strong collaboration and partnership across functions.
• Professional and reliable, maintaining high standards of integrity and work ethics.
• Excellent communication skills, both written and verbal.
• Strong problem-solving and analytical abilities with keen attention to detail.
• Good command of the English language, both spoken and written.