Position Overview
The Head of Pricing, will be primarily responsible for pricing for selected markets, with contribution to treaty drafting and basis development. However, given the variability in quote activity between the various markets, they might also be required to support the pricing for other countries within Southeast Asia. The person in this role will work very closely with Business Development, R&D, Underwriting, Product Development, Regional Pricing and senior management.
Responsibilities
Contribute ideas and solutions that enhance business strategy and the attainment of RGAs business plans. Proactively make recommendations on areas of product design or pricing leveraging on knowledge of risk and capital, that enhances the sustainability of the business units profitability.
Work closely with the regional teams, and together with the Chief Actuary, represent SEA to ensure proper governance and update them on local challenges and issues.
Spearhead solutions for cedants together with Business Development. Provide pricing and commercial insights to create long term value for cedants and RGA. Regular communication is required with Business Development to make sure that client needs (product, pricing, capital, other metrics) are satisfied.
Supervise and perform activities to ensure timely and technically sound completion of pricing quotations. Responsible for subordinate teams performance in this regard.
Ensure compliance with Corporate and International Pricing Standards.
Allocation of work to sub-ordinate pricing actuaries and management, mentoring, coaching and development of them.
Participate in the development of strategy for the Pricing and Product Development team.
Build working relationships with counterparts in our client companies.
Requirements
Accreditation as a fellow in a globally recognized actuarial association (e.g. U.S., Canada, Australia, UK or equivalent)
10 - 15 years of actuarial working experience, Pricing experience with Reinsurer is strongly preferred
Ability to travel internationally for durations of 2-3 days, 4 times per year
Asian language skills desirable
Knowledge of Asian life insurance markets and product lines highly regarded
Solid understanding of various Individual life insurance products
Strong client service focus
Leadership skills
Highly organized, delivery-orientated with the ability to work with multiple concurrent projects
Excellent communication skills both written and verbal
Highly motivated, results oriented and solutions focused
Innovative, proactive and improvement oriented
Strong attention to detail
Ability to work independently and as part of a team
Company Overview
Reinsurance Group of America, Incorporated (NYSE: RGA), a Fortune 500 company, is a global industry leader specializing in life and health reinsurance and financial solutions that help clients effectively manage risk and optimize capital. With headquarters in St. Louis, Missouri, and operations around the world, RGA delivers expert solutions in individual life reinsurance, individual living benefits reinsurance, group reinsurance, health reinsurance, facultative underwriting, product development, and financial solutions.
RGA has been named to Fortune magazines 2024 list of the Worlds Most Admired Companies, an acknowledgement that reflects our legacy of innovation, dedicated client focus, community responsibility, commitment to diversity, and long-term value creation. RGA has approximately $
- 7 trillion of life reinsurance in force as of December 31, 2023. To learn more about RGA and its businesses, visit www.rgare.com.
RGAs Commitment to Diversity, Equity, and Inclusion
RGA aims to evolve RGA workplaces and the communities in which RGA has a presence, into more diverse, equitable and inclusive environments. We will create a culture where individuals are valued, feel a sense of belonging, and are respected for their differences a workplace where all employees are encouraged and supported to reach their full potential.
Our individual, social, economic, and cultural identities shape and influence our experiences and perspectives. Therefore, to do our best work RGA will ensure diversity in our workforce across the various dimensions of social, interpersonal, and cultural identity and by practicing inclusivity in how we work with one another. Inclusion in our workplace is a step towards our purpose of making financial protection accessible to all.
Job Reference: AS03126
