In this position you will....
assess, monitor and improve the profitability of the portfolio. Drive insights from reports and develop a growing profitable business. Lead pricing actions that will yield business growth profitably for new and existing products. Peer review the actuarial reserving process and recommend actions to Management.
You will be responsible for…
- Develop, manage and improve regular portfolio reports and performance dashboards.
- Extract insights and present recommended actions that can improve Loss Ratio and Combined Ratio performance.
- Share reports and insights with underwriting teams to assess pricing benchmarks on a regular basis, ensuring price sufficiency.
- Working with multiple stakeholders including tech, ops and claims to improve efficiency and automate performance dashboards.
- Manage and support the actuarial reserving process for boltech and conduct peer review of work done by the reserving firm.
- Conduct stress test of new products or programs launched to ensure appropriate forecasting.
- Build predictive pricing models that can be used to improve profitability
For you to be successful…
We expect you to be able to demonstrate the following key competencies
Curious
- Actively seeks to learn from others and is inquisitive in order to increase knowledge and competence. Expands understanding of team’s key activities for improved collaboration.
- Motivated and self-directed, identifying opportunities to grow and acquire new knowledge from a range of sources. Has a sound comprehension of relevant multi-discipline areas of expertise.
Impactful
- Proactive in identifying what needs to be done, and taking action, before being asked, or before the situation escalates
- Takes accountability and self-motivated to deliver results even in situations which are not straight-forward.
Collaborative
- Develops collaborative and dynamic working relationships to achieve the best possible outcomes
- Resolves disputes using a range of tactics to prioritize positive outcomes
Communication
- Concise in communicating and references relevant information tailored to the audience to support points
- Shares accurate, timely information with the right people in an appropriate format for the audience
You will require the following qualifications and skills
- Bachelor’s degree in any discipline or Actuarial Science
- Minimum 10 years of experience in General Insurance (direct insurer/reinsurer) in Asia.
- Excellent data analytic skills preferred for portfolio management and profit and loss analysis – experience with PowerBI or other data visualisation tools is a plus.
- Exposure to underwriting/ pricing and profitability control is needed.
- Experience in reinsurance placements in coordination with reinsurers and insurers will be a plus